JPMorgan Chase & Co. (JPM) Position Increased by Strs Ohio

Strs Ohio increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,143,447 shares of the financial services provider’s stock after purchasing an additional 83,626 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.3% of Strs Ohio’s investment portfolio, making the stock its 5th largest holding. Strs Ohio owned approximately 0.09% of JPMorgan Chase & Co. worth $300,230,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Vista LLC acquired a new stake in JPMorgan Chase & Co. in the second quarter valued at approximately $102,000. Atlantic Trust LLC acquired a new stake in JPMorgan Chase & Co. in the second quarter valued at approximately $136,000. Northwest Investment Counselors LLC acquired a new stake in JPMorgan Chase & Co. in the second quarter valued at approximately $165,000. Capital Advisors Ltd. LLC grew its position in JPMorgan Chase & Co. by 53.0% in the second quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock valued at $177,000 after acquiring an additional 670 shares in the last quarter. Finally, Tortoise Investment Management LLC grew its position in JPMorgan Chase & Co. by 59.5% in the second quarter. Tortoise Investment Management LLC now owns 1,959 shares of the financial services provider’s stock valued at $179,000 after acquiring an additional 731 shares in the last quarter. 73.75% of the stock is owned by hedge funds and other institutional investors.

In related news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the transaction, 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 accessible through the SEC website. Company insiders own 0.88% of the company’s stock.

JPM has been the subject of several recent research reports. Wells Fargo & Co increased their price objective on shares of JPMorgan Chase & Co. from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Vetr raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $93.14 price objective for the company in a research report on Wednesday, September 6th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $105.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, November 15th. Jefferies Group reaffirmed a “buy” rating and issued a $102.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday, September 15th. Finally, Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seventeen have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $92.35.

JPMorgan Chase & Co. (NYSE:JPM) opened at $107.45 on Tuesday. JPMorgan Chase & Co. has a one year low of $81.64 and a one year high of $108.46. The stock has a market capitalization of $372,820.00, a price-to-earnings ratio of 15.42, a P/E/G ratio of 2.34 and a beta of 1.22. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.09. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The firm had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. During the same period last year, the business posted $1.58 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. analysts predict that JPMorgan Chase & Co. will post 6.93 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 32.14%.

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About JPMorgan 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.

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

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