JPMorgan Chase & Co. (JPM) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 8.4% during the third quarter, HoldingsChannel.com reports. The firm owned 286,186 shares of the financial services provider’s stock after purchasing an additional 22,236 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in JPMorgan Chase & Co. were worth $27,334,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Private Vista LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $102,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at $102,000. Welch Investments LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at $103,000. Legacy Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at $106,000. Finally, Atlantic Trust LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $136,000. Institutional investors own 73.02% of the company’s stock.

Several research firms recently issued reports on JPM. Vetr upgraded JPMorgan Chase & Co. from a “strong sell” rating to a “sell” rating and set a $102.07 price objective on the stock in a report on Tuesday, February 6th. Keefe, Bruyette & Woods upgraded JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $127.00 price objective on the stock in a report on Tuesday, February 13th. ValuEngine upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Morgan Stanley boosted their price objective on JPMorgan Chase & Co. from $128.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Finally, Bank of America set a $119.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Monday, January 15th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $108.71.

In other news, insider Ashley Bacon sold 16,434 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the completion of the transaction, the insider now directly owns 98,811 shares of the company’s stock, valued at approximately $11,088,570.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James S. Crown acquired 7,280 shares of the stock in a transaction dated Thursday, January 18th. The shares were acquired at an average cost of $113.37 per share, with a total value of $825,333.60. Following the completion of the transaction, the director now owns 305,875 shares in the company, valued at approximately $34,677,048.75. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 152,047 shares of company stock valued at $17,098,115. Insiders own 0.88% of the company’s stock.

JPMorgan Chase & Co. (NYSE JPM) opened at $114.68 on Tuesday. The stock has a market capitalization of $397,910.00, a PE ratio of 17.97, a PEG ratio of 1.96 and a beta of 1.22. JPMorgan Chase & Co. has a 1 year low of $81.64 and a 1 year high of $117.35. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.07. The business had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.71 EPS. equities research analysts predict that JPMorgan Chase & Co. will post 8.78 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th were given a dividend of $0.56 per share. The ex-dividend date was Thursday, January 4th. This represents a $2.24 annualized dividend and a dividend yield of 1.95%. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.11%.

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JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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