Kanawha Capital Management LLC Grows Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Kanawha Capital Management LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 117,444 shares of the financial services provider’s stock after buying an additional 2,461 shares during the period. JPMorgan Chase & Co. makes up approximately 1.8% of Kanawha Capital Management LLC’s holdings, making the stock its 18th largest holding. Kanawha Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $13,822,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in JPM. Wharton Business Group LLC grew its position in JPMorgan Chase & Co. by 0.3% in the 2nd quarter. Wharton Business Group LLC now owns 86,951 shares of the financial services provider’s stock valued at $9,721,000 after acquiring an additional 235 shares during the last quarter. New England Investment & Retirement Group Inc. grew its position in JPMorgan Chase & Co. by 27.2% in the 2nd quarter. New England Investment & Retirement Group Inc. now owns 6,695 shares of the financial services provider’s stock valued at $748,000 after acquiring an additional 1,433 shares during the last quarter. Carillon Tower Advisers Inc. grew its position in JPMorgan Chase & Co. by 4.7% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 300,522 shares of the financial services provider’s stock valued at $33,598,000 after acquiring an additional 13,477 shares during the last quarter. BTR Capital Management Inc. grew its position in JPMorgan Chase & Co. by 0.7% in the 2nd quarter. BTR Capital Management Inc. now owns 164,688 shares of the financial services provider’s stock valued at $18,412,000 after acquiring an additional 1,223 shares during the last quarter. Finally, Annex Advisory Services LLC grew its position in JPMorgan Chase & Co. by 21.5% in the 2nd quarter. Annex Advisory Services LLC now owns 27,273 shares of the financial services provider’s stock valued at $3,050,000 after acquiring an additional 4,834 shares during the last quarter. Institutional investors own 71.90% of the company’s stock.

Shares of JPM traded up $0.38 during midday trading on Friday, reaching $130.38. 9,160,446 shares of the stock were exchanged, compared to its average volume of 12,174,789. JPMorgan Chase & Co. has a 52 week low of $91.11 and a 52 week high of $131.29. 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 $120.77 and its two-hundred day moving average is $114.02. The company has a market capitalization of $404.92 billion, a P/E ratio of 14.49, a PEG ratio of 1.81 and a beta of 1.21.

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

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were given a dividend of $0.90 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. The ex-dividend date was Thursday, October 3rd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.76%. JPMorgan Chase & Co.’s dividend payout ratio is presently 40.00%.

Several equities analysts have commented on JPM shares. Wells Fargo & Co set a $125.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Friday, August 16th. Buckingham Research downgraded JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $122.00 price objective on the stock. in a research report on Monday, September 16th. They noted that the move was a valuation call. DZ Bank reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, August 21st. Robert W. Baird increased their price target on JPMorgan Chase & Co. from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Finally, ValuEngine raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $123.02.

In related news, CEO Daniel E. Pinto sold 64,198 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $130.91, for a total transaction of $8,404,160.18. Following the completion of the sale, the chief executive officer now directly owns 451,481 shares in the company, valued at approximately $59,103,377.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicole Giles sold 863 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $126.73, for a total value of $109,367.99. Following the sale, the insider now owns 8,949 shares of the company’s stock, valued at $1,134,106.77. The disclosure for this sale can be found here. Insiders have sold a total of 152,944 shares of company stock worth $19,088,970 in the last three months. Corporate insiders own 0.76% of the company’s stock.

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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