Public Employees Retirement Association of Colorado Sells 38,626 Shares of JPMorgan Chase & Co. (JPM)

Public Employees Retirement Association of Colorado lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,174,996 shares of the financial services provider’s stock after selling 38,626 shares during the quarter. JPMorgan Chase & Co. accounts for 1.5% of Public Employees Retirement Association of Colorado’s portfolio, making the stock its 6th largest position. Public Employees Retirement Association of Colorado’s holdings in JPMorgan Chase & Co. were worth $207,734,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of JPM. Edgestream Partners L.P. acquired a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $432,000. Howland Capital Management LLC raised its holdings in JPMorgan Chase & Co. by 2.3% in the 3rd quarter. Howland Capital Management LLC now owns 25,027 shares of the financial services provider’s stock worth $2,390,000 after purchasing an additional 560 shares during the period. Hardman Johnston Global Advisors LLC raised its holdings in JPMorgan Chase & Co. by 18.1% in the 3rd quarter. Hardman Johnston Global Advisors LLC now owns 195,410 shares of the financial services provider’s stock worth $18,664,000 after purchasing an additional 29,970 shares during the period. IFP Advisors Inc raised its holdings in JPMorgan Chase & Co. by 0.4% in the 3rd quarter. IFP Advisors Inc now owns 173,466 shares of the financial services provider’s stock worth $16,568,000 after purchasing an additional 646 shares during the period. Finally, Canada Pension Plan Investment Board raised its holdings in JPMorgan Chase & Co. by 32.9% in the 3rd quarter. Canada Pension Plan Investment Board now owns 10,004,951 shares of the financial services provider’s stock worth $955,573,000 after purchasing an additional 2,477,334 shares during the period. Institutional investors and hedge funds own 73.76% of the company’s stock.

JPMorgan Chase & Co. (JPM) opened at $109.05 on Wednesday. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $110.03. The company has a market capitalization of $378,370.00, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 2.04 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, beating analysts’ consensus estimates 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 business had revenue of $25.33 billion during the quarter, compared to analysts’ expectations of $24.91 billion. During the same quarter in the prior year, the firm earned $1.58 earnings per share. The business’s revenue was up 2.6% compared to the same quarter last year. equities research analysts expect that JPMorgan Chase & Co. will post 6.91 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.05%. JPMorgan Chase & Co.’s payout ratio is currently 32.14%.

A number of equities analysts recently weighed in on the company. Vetr cut JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 price target for the company. in a report on Wednesday. Deutsche Bank cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and upped their price target for the stock from $90.00 to $96.00 in a report on Tuesday, September 26th. Citigroup upped their price target on JPMorgan Chase & Co. from $90.00 to $96.00 and gave the stock a “neutral” rating in a report on Friday, October 6th. Robert W. Baird upped their price target on JPMorgan Chase & Co. from $88.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday, October 13th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a report on Thursday, October 12th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $93.64.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction that occurred 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 completion of the transaction, the general counsel now owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.88% of the stock is owned by corporate insiders.

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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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