JPMorgan Chase & Co. (JPM) Holdings Boosted by Pillar Pacific Capital Management LLC

Pillar Pacific Capital Management LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 60.9% in the third quarter, HoldingsChannel.com reports. The firm owned 69,717 shares of the financial services provider’s stock after acquiring an additional 26,380 shares during the period. Pillar Pacific Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $6,659,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Private Vista LLC bought a new position in shares of JPMorgan Chase & Co. during the second quarter worth $102,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of JPMorgan Chase & Co. during the third quarter worth $102,000. Atlantic Trust LLC bought a new position in shares of JPMorgan Chase & Co. during the second quarter worth $136,000. Northwest Investment Counselors LLC bought a new position in shares of JPMorgan Chase & Co. during the second quarter worth $165,000. Finally, Capital Advisors Ltd. LLC boosted its position in shares of JPMorgan Chase & Co. by 53.0% during the second quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock worth $177,000 after acquiring an additional 670 shares during the last quarter. Institutional investors and hedge funds own 73.76% of the company’s stock.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the sale, 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 SEC, which is available at this hyperlink. 0.88% of the stock is owned by corporate insiders.

JPM has been the subject of a number of research reports. Wells Fargo & Co upped their target price on shares of JPMorgan Chase & Co. from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Royal Bank of Canada restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Friday, December 8th. Jefferies Group restated a “buy” rating and set a $102.00 target price on shares of JPMorgan Chase & Co. in a research report on Friday, September 15th. Barclays upped their target price on shares of JPMorgan Chase & Co. from $105.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Finally, BMO Capital Markets upped their target price on shares of JPMorgan Chase & Co. from $86.00 to $91.00 and gave the stock a “market perform” rating in a research report on Friday, October 13th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $99.41.

Shares of JPMorgan Chase & Co. (NYSE JPM) opened at $110.84 on Friday. The stock has a market cap of $384,580.00, a price-to-earnings ratio of 15.90, a P/E/G ratio of 2.04 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. has a 12 month low of $81.64 and a 12 month high of $110.93.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.09. The company 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%. JPMorgan Chase & Co.’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.58 earnings per share. equities analysts forecast that JPMorgan Chase & Co. will post 6.91 EPS for the current year.

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, January 4th. 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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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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