Seeyond Has $2.47 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Seeyond trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,880 shares of the financial services provider’s stock after selling 583 shares during the quarter. Seeyond’s holdings in JPMorgan Chase & Co. were worth $2,469,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Ironwood Wealth Management LLC. grew its position in shares of JPMorgan Chase & Co. by 12.1% in the first quarter. Ironwood Wealth Management LLC. now owns 14,173 shares of the financial services provider’s stock valued at $2,158,000 after purchasing an additional 1,525 shares during the last quarter. E Fund Management Co. Ltd. acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at about $817,000. Quilter Plc grew its position in shares of JPMorgan Chase & Co. by 7.1% in the first quarter. Quilter Plc now owns 574,056 shares of the financial services provider’s stock valued at $87,389,000 after purchasing an additional 37,926 shares during the last quarter. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at about $5,131,000. Finally, Harvest Fund Management Co. Ltd grew its position in shares of JPMorgan Chase & Co. by 43.7% in the first quarter. Harvest Fund Management Co. Ltd now owns 1,629 shares of the financial services provider’s stock valued at $248,000 after purchasing an additional 495 shares during the last quarter. 69.67% of the stock is currently owned by hedge funds and other institutional investors.

JPM has been the topic of several research analyst reports. Zacks Investment Research raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $175.00 price target on the stock in a research report on Tuesday, September 28th. Keefe, Bruyette & Woods assumed coverage on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 7th. They issued a “market perform” rating and a $167.00 target price for the company. Jefferies Financial Group increased their target price on shares of JPMorgan Chase & Co. from $177.00 to $198.00 and gave the company a “buy” rating in a research note on Monday. BMO Capital Markets increased their target price on shares of JPMorgan Chase & Co. from $139.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday. Finally, Barclays set a $187.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $170.18.

JPM traded down $0.48 during trading on Thursday, reaching $160.52. 179,513 shares of the company’s stock were exchanged, compared to its average volume of 13,593,163. The company’s fifty day moving average price is $160.59 and its 200-day moving average price is $157.52. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.85 and a current ratio of 0.85. JPMorgan Chase & Co. has a fifty-two week low of $95.24 and a fifty-two week high of $171.51. The firm has a market capitalization of $479.66 billion, a PE ratio of 10.84, a P/E/G ratio of 2.24 and a beta of 1.20.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, October 12th. The financial services provider reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.74. JPMorgan Chase & Co. had a net margin of 37.71% and a return on equity of 19.26%. The firm had revenue of $29.60 billion during the quarter, compared to analyst estimates of $29.63 billion. During the same quarter in the previous year, the business earned $2.92 EPS. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. Research analysts forecast that JPMorgan Chase & Co. will post 14.05 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, October 31st. Stockholders of record on Wednesday, October 6th will be issued a $1.00 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Tuesday, October 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.49%. JPMorgan Chase & Co.’s payout ratio is 45.05%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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