Windsor Group LTD Purchases 965 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Windsor Group LTD grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 6.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,873 shares of the financial services provider’s stock after acquiring an additional 965 shares during the quarter. Windsor Group LTD’s holdings in JPMorgan Chase & Co. were worth $1,684,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Morgan Stanley increased its position in JPMorgan Chase & Co. by 5.8% during the second quarter. Morgan Stanley now owns 35,662,949 shares of the financial services provider’s stock worth $3,987,118,000 after buying an additional 1,952,873 shares during the last quarter. Invesco Ltd. grew its position in shares of JPMorgan Chase & Co. by 39.8% in the 2nd quarter. Invesco Ltd. now owns 23,689,706 shares of the financial services provider’s stock worth $2,648,509,000 after buying an additional 6,745,215 shares during the last quarter. Nuveen Asset Management LLC grew its position in shares of JPMorgan Chase & Co. by 2,432.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 23,689,599 shares of the financial services provider’s stock worth $2,648,497,000 after buying an additional 22,754,332 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of JPMorgan Chase & Co. by 1.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 15,021,076 shares of the financial services provider’s stock worth $1,679,357,000 after buying an additional 275,854 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in shares of JPMorgan Chase & Co. by 2.5% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 11,155,325 shares of the financial services provider’s stock worth $1,247,165,000 after buying an additional 272,685 shares during the last quarter. Institutional investors own 71.94% of the company’s stock.

A number of research analysts have recently issued reports on JPM shares. Morgan Stanley lifted their price objective on shares of JPMorgan Chase & Co. from $122.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Robert W. Baird lifted their price objective on shares of JPMorgan Chase & Co. from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. UBS Group lifted their price objective on shares of JPMorgan Chase & Co. from $131.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Deutsche Bank reaffirmed a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Friday, June 28th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and issued a $117.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, July 22nd. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $121.94.

NYSE:JPM opened at $123.24 on Tuesday. The company has a market cap of $385.49 billion, a PE ratio of 13.69, a P/E/G ratio of 1.69 and a beta of 1.20. JPMorgan Chase & Co. has a twelve month low of $91.11 and a twelve month high of $123.77. The company has a current ratio of 0.93, a quick ratio of 0.97 and a debt-to-equity ratio of 1.26. The company’s 50 day moving average is $116.50 and its two-hundred day moving average is $112.37.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.23. The company had revenue of $29.34 billion for the quarter, compared to the consensus estimate of $28.36 billion. JPMorgan Chase & Co. had a net margin of 24.70% and a return on equity of 14.63%. JPMorgan Chase & Co.’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.34 EPS. As a group, analysts expect that JPMorgan Chase & Co. will post 10.17 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.92%. The ex-dividend date is Thursday, October 3rd. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. JPMorgan Chase & Co.’s payout ratio is currently 40.00%.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson acquired 18,200 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $109.91 per share, with a total value of $2,000,362.00. Following the acquisition, the director now directly owns 7,804 shares of the company’s stock, valued at $857,737.64. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gordon Smith sold 83,289 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $119.98, for a total transaction of $9,993,014.22. Following the completion of the sale, the chief executive officer now directly owns 393,197 shares in the company, valued at $47,175,776.06. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Profile

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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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