Canada Pension Plan Investment Board Grows Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Canada Pension Plan Investment Board lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 38.0% during the third quarter, HoldingsChannel reports. The fund owned 2,763,385 shares of the financial services provider’s stock after acquiring an additional 761,000 shares during the quarter. Canada Pension Plan Investment Board’s holdings in JPMorgan Chase & Co. were worth $400,746,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in JPM. Valicenti Advisory Services Inc. boosted its holdings in JPMorgan Chase & Co. by 2.9% during the third quarter. Valicenti Advisory Services Inc. now owns 79,891 shares of the financial services provider’s stock worth $11,586,000 after buying an additional 2,220 shares in the last quarter. Hilltop Holdings Inc. boosted its holdings in JPMorgan Chase & Co. by 4.4% during the second quarter. Hilltop Holdings Inc. now owns 34,079 shares of the financial services provider’s stock worth $4,956,000 after buying an additional 1,439 shares in the last quarter. Checchi Capital Advisers LLC boosted its holdings in JPMorgan Chase & Co. by 4.4% during the second quarter. Checchi Capital Advisers LLC now owns 39,447 shares of the financial services provider’s stock worth $5,737,000 after buying an additional 1,652 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in JPMorgan Chase & Co. by 14.0% during the second quarter. Geneos Wealth Management Inc. now owns 50,991 shares of the financial services provider’s stock worth $7,416,000 after buying an additional 6,264 shares in the last quarter. Finally, Joseph Group Capital Management boosted its holdings in JPMorgan Chase & Co. by 7.6% during the second quarter. Joseph Group Capital Management now owns 12,958 shares of the financial services provider’s stock worth $1,885,000 after buying an additional 916 shares in the last quarter. 68.94% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

JPM opened at $175.01 on Monday. The company has a fifty day simple moving average of $168.65 and a 200 day simple moving average of $155.28. The firm has a market cap of $503.44 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 2.21 and a beta of 1.14. JPMorgan Chase & Co. has a twelve month low of $123.11 and a twelve month high of $178.30. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.30.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). The firm had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. JPMorgan Chase & Co.’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $3.57 earnings per share. Equities research analysts expect that JPMorgan Chase & Co. will post 15.87 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Thursday, January 4th were paid a dividend of $1.05 per share. The ex-dividend date was Thursday, January 4th. This represents a $4.20 dividend on an annualized basis and a yield of 2.40%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.89%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,812 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total transaction of $301,969.80. Following the transaction, the insider now directly owns 46,766 shares in the company, valued at approximately $7,793,553.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,812 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total transaction of $301,969.80. Following the transaction, the insider now directly owns 46,766 shares in the company, valued at approximately $7,793,553.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ashley Bacon sold 3,368 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total transaction of $561,546.64. Following the transaction, the insider now owns 205,461 shares in the company, valued at $34,256,512.53. The disclosure for this sale can be found here. Insiders have sold 39,072 shares of company stock worth $6,297,103 in the last ninety days. 0.79% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Oppenheimer upped their price target on shares of JPMorgan Chase & Co. from $232.00 to $238.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th. Bank of America upped their price target on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, January 4th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price target for the company from $140.00 to $190.00 in a report on Tuesday, January 9th. Finally, Barclays upped their price target on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $179.11.

View Our Latest Analysis on JPMorgan Chase & Co.

JPMorgan Chase & Co. Profile

(Free Report)

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.

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

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