Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Has $51.50 Million Stake in JPMorgan Chase & Co. (JPM)

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 748.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 456,400 shares of the financial services provider’s stock after buying an additional 402,600 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in JPMorgan Chase & Co. were worth $51,500,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its holdings in JPMorgan Chase & Co. by 2.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 13,009,422 shares of the financial services provider’s stock valued at $1,355,582,000 after purchasing an additional 270,508 shares during the last quarter. American Century Companies Inc. increased its holdings in JPMorgan Chase & Co. by 1.7% in the 2nd quarter. American Century Companies Inc. now owns 10,020,625 shares of the financial services provider’s stock valued at $1,044,149,000 after purchasing an additional 169,377 shares during the last quarter. OMERS ADMINISTRATION Corp increased its holdings in JPMorgan Chase & Co. by 21.4% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 4,656,959 shares of the financial services provider’s stock valued at $485,255,000 after purchasing an additional 821,647 shares during the last quarter. Sanders Capital LLC increased its holdings in JPMorgan Chase & Co. by 0.4% in the 3rd quarter. Sanders Capital LLC now owns 4,141,173 shares of the financial services provider’s stock valued at $525,524,000 after purchasing an additional 17,562 shares during the last quarter. Finally, Mawer Investment Management Ltd. increased its holdings in JPMorgan Chase & Co. by 22.8% in the 2nd quarter. Mawer Investment Management Ltd. now owns 3,711,681 shares of the financial services provider’s stock valued at $386,734,000 after purchasing an additional 690,308 shares during the last quarter. 69.08% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently weighed in on JPM shares. Wells Fargo & Co set a $130.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Thursday, November 15th. Zacks Investment Research upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a report on Tuesday, December 11th. Barclays reiterated a “buy” rating and issued a $140.00 target price on shares of JPMorgan Chase & Co. in a report on Thursday, February 21st. Finally, ValuEngine upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. JPMorgan Chase & Co. currently has a consensus rating of “Buy” and a consensus price target of $122.87.



In other news, insider Ashley Bacon sold 5,831 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, January 16th. The shares were sold at an average price of $102.78, for a total transaction of $599,310.18. Following the completion of the sale, the insider now directly owns 98,838 shares of the company’s stock, valued at approximately $10,158,569.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James S. Crown acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 5th. The shares were purchased at an average cost of $103.79 per share, with a total value of $518,950.00. Following the completion of the transaction, the director now owns 311,447 shares in the company, valued at approximately $32,325,084.13. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 39,191 shares of company stock valued at $4,102,110. Insiders own 0.73% of the company’s stock.

NYSE:JPM opened at $105.34 on Friday. The firm has a market capitalization of $361.52 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 1.60 and a beta of 1.12. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.00 and a quick ratio of 1.00. JPMorgan Chase & Co. has a 52 week low of $91.11 and a 52 week high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, January 15th. The financial services provider reported $1.98 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.20 by ($0.22). The business had revenue of $26.10 billion during the quarter, compared to analyst estimates of $26.69 billion. JPMorgan Chase & Co. had a return on equity of 14.07% and a net margin of 24.71%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.76 EPS. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 9.73 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Has $51.50 Million Stake in JPMorgan Chase & Co. (JPM)” was originally posted by Dakota Financial News and is owned by of Dakota Financial News. If you are viewing this story on another site, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this story can be read at https://dakotafinancialnews.com/2019/03/15/her-majesty-the-queen-in-right-of-the-province-of-alberta-as-represented-by-alberta-investment-management-corp-has-51-50-million-stake-in-jpmorgan-chase-co-jpm.html.

About JPMorgan Chase & Co.

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.

Further Reading: What is a Stop Order?

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply