Korea Investment CORP Has $298.02 Million Stake in JPMorgan Chase & Co. (JPM)

Korea Investment CORP reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 6.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,120,317 shares of the financial services provider’s stock after selling 230,800 shares during the quarter. JPMorgan Chase & Co. comprises about 1.4% of Korea Investment CORP’s holdings, making the stock its 8th biggest holding. Korea Investment CORP owned 0.09% of JPMorgan Chase & Co. worth $298,021,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in JPM. Pioneer Investment Management Inc. boosted its position in shares of JPMorgan Chase & Co. by 22.2% in the first quarter. Pioneer Investment Management Inc. now owns 7,402,919 shares of the financial services provider’s stock valued at $650,272,000 after acquiring an additional 1,344,295 shares during the period. Jaffetilchin Investment Partners LLC boosted its position in shares of JPMorgan Chase & Co. by 6.1% in the first quarter. Jaffetilchin Investment Partners LLC now owns 13,275 shares of the financial services provider’s stock valued at $1,166,000 after acquiring an additional 758 shares during the period. Zweig DiMenna Associates LLC boosted its position in shares of JPMorgan Chase & Co. by 66.8% in the first quarter. Zweig DiMenna Associates LLC now owns 18,101 shares of the financial services provider’s stock valued at $1,590,000 after acquiring an additional 7,250 shares during the period. State of Tennessee Treasury Department boosted its position in shares of JPMorgan Chase & Co. by 11.4% in the first quarter. State of Tennessee Treasury Department now owns 3,211,518 shares of the financial services provider’s stock valued at $282,100,000 after acquiring an additional 329,297 shares during the period. Finally, Blue Chip Partners Inc. raised its stake in JPMorgan Chase & Co. by 2.8% in the first quarter. Blue Chip Partners Inc. now owns 86,252 shares of the financial services provider’s stock valued at $7,576,000 after purchasing an additional 2,337 shares in the last quarter. Institutional investors own 73.75% of the company’s stock.

JPMorgan Chase & Co. (JPM) opened at $106.94 on Friday. The company has a market cap of $374,000.00, a P/E ratio of 15.34, a price-to-earnings-growth ratio of 2.34 and a beta of 1.22. JPMorgan Chase & Co. has a one year low of $81.64 and a one year high of $108.46. 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 posted its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, topping the consensus estimate of $1.67 by $0.09. The firm had revenue of $25.33 billion for the quarter, compared to the consensus estimate of $24.91 billion. JPMorgan Chase & Co. had a net margin of 24.08% and a return on equity of 11.68%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the firm posted $1.58 earnings per share. sell-side analysts predict that JPMorgan Chase & Co. will post 6.92 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders 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 dividend yield of 2.09%. The ex-dividend date is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 32.14%.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, October 26th. The shares were 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 of the company’s stock, valued at $1,557,846.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.88% of the company’s stock.

JPM has been the topic of a number of recent analyst reports. Vetr raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $93.14 target price on the stock in a research note on Wednesday, September 6th. Credit Suisse Group reaffirmed 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. Jefferies Group set a $111.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday, October 13th. Bank of America set a $102.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday, October 13th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $105.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, November 15th. Three equities research 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. JPMorgan Chase & Co. has a consensus rating of “Hold” and a consensus target price of $92.35.

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JPMorgan Chase & Co. Profile

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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