Xact Kapitalforvaltning AB increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 618,958 shares of the financial services provider’s stock after purchasing an additional 8,067 shares during the period. JPMorgan Chase & Co. accounts for about 1.8% of Xact Kapitalforvaltning AB’s investment portfolio, making the stock its 6th biggest holding. Xact Kapitalforvaltning AB’s holdings in JPMorgan Chase & Co. were worth $59,117,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Terra Nova Asset Management LLC boosted its stake in JPMorgan Chase & Co. by 4.8% in the third quarter. Terra Nova Asset Management LLC now owns 11,835 shares of the financial services provider’s stock valued at $1,130,000 after acquiring an additional 545 shares during the period. Cue Financial Group Inc. boosted its stake in JPMorgan Chase & Co. by 47.2% in the third quarter. Cue Financial Group Inc. now owns 7,298 shares of the financial services provider’s stock valued at $697,000 after acquiring an additional 2,341 shares during the period. Mizuho Securities USA LLC acquired a new position in JPMorgan Chase & Co. in the third quarter valued at approximately $1,462,000. Harrington Investments INC acquired a new position in JPMorgan Chase & Co. in the third quarter valued at approximately $233,000. Finally, Adviser Investments LLC boosted its stake in JPMorgan Chase & Co. by 9.4% in the third quarter. Adviser Investments LLC now owns 95,422 shares of the financial services provider’s stock valued at $9,114,000 after acquiring an additional 8,219 shares during the period. Institutional investors and hedge funds own 73.75% of the company’s stock.
JPM has been the subject of a number of research reports. Barclays lifted their target price on JPMorgan Chase & Co. from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, October 13th. Credit Suisse Group restated a “buy” rating and issued a $110.00 target price (up from $103.00) on shares of JPMorgan Chase & Co. in a research note on Monday, October 9th. They noted that the move was a valuation call. Morgan Stanley lifted their target price on JPMorgan Chase & Co. from $99.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, October 13th. Oppenheimer restated a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, October 12th. Finally, Wells Fargo & Co set a $120.00 target price on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Wednesday, December 20th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $92.35.
Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at $107.79 on Friday. JPMorgan Chase & Co. has a twelve month low of $81.64 and a twelve month high of $108.46. The company has a market capitalization of $374,000.00, a P/E ratio of 15.46, a P/E/G ratio of 2.33 and a beta of 1.22. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37.
JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Thursday, October 12th. The financial services provider reported $1.76 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 quarter in the previous year, the company earned $1.58 earnings per share. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. analysts expect that JPMorgan Chase & Co. will post 6.92 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be issued a dividend of $0.56 per share. The ex-dividend date is Thursday, January 4th. This represents a $2.24 annualized dividend and a yield of 2.08%. JPMorgan Chase & Co.’s payout ratio is 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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