JPMorgan Chase & Co. (JPM) Shares Bought by First Manhattan Co.

First Manhattan Co. grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 13.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 248,758 shares of the financial services provider’s stock after purchasing an additional 28,664 shares during the quarter. First Manhattan Co.’s holdings in JPMorgan Chase & Co. were worth $25,920,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in JPM. Summit Trail Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 10,129.2% in the first quarter. Summit Trail Advisors LLC now owns 6,914,142 shares of the financial services provider’s stock valued at $6,914,000 after purchasing an additional 6,846,550 shares during the period. OppenheimerFunds Inc. grew its position in shares of JPMorgan Chase & Co. by 104.9% in the first quarter. OppenheimerFunds Inc. now owns 9,051,033 shares of the financial services provider’s stock valued at $995,342,000 after purchasing an additional 4,634,515 shares during the period. OMERS ADMINISTRATION Corp grew its position in shares of JPMorgan Chase & Co. by 108.1% in the first quarter. OMERS ADMINISTRATION Corp now owns 3,835,312 shares of the financial services provider’s stock valued at $421,769,000 after purchasing an additional 1,992,507 shares during the period. Cornerstone Wealth Management LLC grew its position in shares of JPMorgan Chase & Co. by 10,829.7% in the second quarter. Cornerstone Wealth Management LLC now owns 1,979,921 shares of the financial services provider’s stock valued at $18,842,000 after purchasing an additional 1,961,806 shares during the period. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at about $181,162,000. Institutional investors and hedge funds own 70.63% of the company’s stock.

JPM opened at $103.42 on Monday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.17. JPMorgan Chase & Co. has a twelve month low of $95.95 and a twelve month high of $119.33. The stock has a market cap of $354.93 billion, a P/E ratio of 15.05, a price-to-earnings-growth ratio of 1.67 and a beta of 1.17.



JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, October 12th. The financial services provider reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.10. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. The company had revenue of $27.26 billion for the quarter, compared to the consensus estimate of $27.20 billion. During the same period in the previous year, the firm earned $1.76 earnings per share. Equities analysts predict that JPMorgan Chase & Co. will post 9.26 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Friday, October 5th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. This represents a $3.20 dividend on an annualized basis and a yield of 3.09%. JPMorgan Chase & Co.’s payout ratio is 46.58%.

In other news, Director Mellody L. Hobson bought 1,150 shares of JPMorgan Chase & Co. stock in a transaction on Friday, October 19th. The shares were bought at an average cost of $108.94 per share, with a total value of $125,281.00. Following the completion of the purchase, the director now directly owns 2,632 shares of the company’s stock, valued at $286,730.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.73% of the stock is owned by insiders.

Several analysts have recently issued reports on JPM shares. Goldman Sachs Group set a $130.00 target price on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a research report on Friday, October 12th. Zacks Investment Research lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Credit Suisse Group set a $130.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Thursday, July 12th. Bank of America set a $132.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Sunday, October 14th. Finally, Vining Sparks restated a “buy” rating and set a $125.00 price target on shares of JPMorgan Chase & Co. in a research report on Friday, October 12th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $123.44.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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