Sanders Capital LLC Acquires 141,400 Shares of J P Morgan Chase & Co (JPM)

Sanders Capital LLC grew its holdings in J P Morgan Chase & Co (NYSE:JPM) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,148,011 shares of the financial services provider’s stock after acquiring an additional 141,400 shares during the period. J P Morgan Chase & Co comprises 3.6% of Sanders Capital LLC’s holdings, making the stock its 13th biggest position. Sanders Capital LLC owned about 0.17% of J P Morgan Chase & Co worth $645,880,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Texas Capital Bancshares Inc. TX boosted its holdings in J P Morgan Chase & Co by 64.7% during the third quarter. Texas Capital Bancshares Inc. TX now owns 8,184 shares of the financial services provider’s stock worth $781,000 after buying an additional 3,215 shares in the last quarter. Taylor Cottrill Erickson & Associates Inc. boosted its holdings in J P Morgan Chase & Co by 11.5% during the third quarter. Taylor Cottrill Erickson & Associates Inc. now owns 31,020 shares of the financial services provider’s stock worth $2,963,000 after buying an additional 3,191 shares in the last quarter. Bristlecone Advisors LLC boosted its holdings in J P Morgan Chase & Co by 4.0% during the third quarter. Bristlecone Advisors LLC now owns 30,864 shares of the financial services provider’s stock worth $2,948,000 after buying an additional 1,180 shares in the last quarter. First United Bank Trust boosted its holdings in J P Morgan Chase & Co by 12.3% during the third quarter. First United Bank Trust now owns 25,945 shares of the financial services provider’s stock worth $2,478,000 after buying an additional 2,848 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in J P Morgan Chase & Co by 2.7% during the third quarter. Fisher Asset Management LLC now owns 7,142,250 shares of the financial services provider’s stock worth $682,156,000 after buying an additional 185,136 shares in the last quarter. 73.75% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently issued reports on JPM shares. Wells Fargo & Company increased their price target on shares of J P Morgan Chase & Co from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Vetr raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price target on the stock in a report on Wednesday, September 6th. Royal Bank of Canada reissued a “buy” rating and set a $105.00 price target on shares of J P Morgan Chase & Co in a report on Wednesday, November 15th. Jefferies Group reissued a “buy” rating and set a $102.00 price target on shares of J P Morgan Chase & Co in a report on Friday, September 15th. Finally, Zacks Investment Research downgraded shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $92.35.

Shares of J P Morgan Chase & Co (NYSE:JPM) opened at $107.45 on Friday. The company has a market cap of $368,276.69, a PE ratio of 15.48, a PEG ratio of 2.30 and a beta of 1.22. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03. J P Morgan Chase & Co has a 12-month low of $81.64 and a 12-month high of $108.46.

J P Morgan Chase & Co (NYSE:JPM) last issued its earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.09. The business had revenue of $25.33 billion during the quarter, compared to analysts’ expectations of $24.91 billion. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.58 earnings per share. sell-side analysts anticipate that J P Morgan Chase & Co will post 6.91 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Thursday, January 4th. J P Morgan Chase & Co’s dividend payout ratio (DPR) is 32.28%.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the completion of the sale, the general counsel now directly owns 15,279 shares in the company, valued at $1,557,846.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.88% of the stock is owned by corporate insiders.

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About J P Morgan Chase & Co

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

Institutional Ownership by Quarter for J P Morgan Chase & Co (NYSE:JPM)

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