Associated Banc Corp Has $83.48 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Associated Banc Corp decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 395,886 shares of the financial services provider’s stock after selling 2,357 shares during the quarter. JPMorgan Chase & Co. accounts for about 2.5% of Associated Banc Corp’s investment portfolio, making the stock its 6th biggest position. Associated Banc Corp’s holdings in JPMorgan Chase & Co. were worth $83,477,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. WFA Asset Management Corp grew its holdings in shares of JPMorgan Chase & Co. by 51.2% during the 1st quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 412 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in JPMorgan Chase & Co. by 32.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 6,374 shares of the financial services provider’s stock worth $1,277,000 after buying an additional 1,569 shares in the last quarter. Cetera Investment Advisers increased its holdings in JPMorgan Chase & Co. by 202.3% in the 1st quarter. Cetera Investment Advisers now owns 976,108 shares of the financial services provider’s stock valued at $195,514,000 after buying an additional 653,205 shares during the period. Cetera Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 82.4% in the 1st quarter. Cetera Advisors LLC now owns 455,164 shares of the financial services provider’s stock valued at $91,169,000 after buying an additional 205,592 shares in the last quarter. Finally, Cetera Advisor Networks LLC lifted its holdings in shares of JPMorgan Chase & Co. by 2.4% during the 1st quarter. Cetera Advisor Networks LLC now owns 382,523 shares of the financial services provider’s stock worth $76,619,000 after acquiring an additional 8,929 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock opened at $249.79 on Friday. JPMorgan Chase & Co. has a 1 year low of $152.72 and a 1 year high of $254.31. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. The firm’s 50 day moving average is $226.43 and its 200-day moving average is $213.26. The firm has a market capitalization of $703.24 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 3.63 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.02 by $0.35. The firm had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.33 EPS. Sell-side analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.00%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.82%.

Analysts Set New Price Targets

JPM has been the topic of a number of analyst reports. Morgan Stanley cut shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Oppenheimer lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Citigroup raised their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Daiwa Capital Markets lowered their price target on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Finally, Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average price target of $229.31.

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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.