JPMorgan Chase & Co. (JPM) Position Boosted by Middleton & Co Inc MA

Middleton & Co Inc MA grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 32.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 115,982 shares of the financial services provider’s stock after purchasing an additional 28,258 shares during the period. JPMorgan Chase & Co. comprises 2.0% of Middleton & Co Inc MA’s investment portfolio, making the stock its 10th largest holding. Middleton & Co Inc MA’s holdings in JPMorgan Chase & Co. were worth $11,077,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in JPMorgan Chase & Co. by 1.5% during the second quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock worth $22,839,729,000 after buying an additional 3,717,683 shares during the period. Northern Trust Corp boosted its stake in shares of JPMorgan Chase & Co. by 1.8% in the second quarter. Northern Trust Corp now owns 48,965,734 shares of the financial services provider’s stock valued at $4,475,468,000 after purchasing an additional 847,463 shares during the period. Capital Research Global Investors boosted its stake in shares of JPMorgan Chase & Co. by 2.5% in the second quarter. Capital Research Global Investors now owns 31,714,763 shares of the financial services provider’s stock valued at $2,898,729,000 after purchasing an additional 765,082 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of JPMorgan Chase & Co. by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 28,683,523 shares of the financial services provider’s stock valued at $2,621,677,000 after purchasing an additional 176,306 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of JPMorgan Chase & Co. by 2.1% in the second quarter. Legal & General Group Plc now owns 17,769,351 shares of the financial services provider’s stock valued at $1,624,143,000 after purchasing an additional 369,878 shares during the period. Institutional investors own 73.76% of the company’s stock.

Several brokerages have recently weighed in on JPM. Societe Generale downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday. Vetr downgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 target price for the company. in a research note on Wednesday. Nomura set a $115.00 target price on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a research note on Friday. Argus upped their target price on shares of JPMorgan Chase & Co. from $109.00 to $125.00 and gave the company a “buy” rating in a research note on Friday. Finally, Vining Sparks restated a “buy” rating and issued a $120.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the company. JPMorgan Chase & Co. presently has an average rating of “Hold” and an average price target of $102.52.

In other JPMorgan Chase & Co. 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 transaction of $214,014.04. Following the transaction, the general counsel now directly owns 15,279 shares in the company, valued at approximately $1,557,846.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.88% of the company’s stock.

JPMorgan Chase & Co. (NYSE:JPM) opened at $112.67 on Friday. JPMorgan Chase & Co. has a 52 week low of $81.64 and a 52 week high of $112.85. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.37. The company has a market cap of $390,930.00, a price-to-earnings ratio of 16.16, a price-to-earnings-growth ratio of 2.04 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 24.08% and a return on equity of 11.68%. The firm had revenue of $24.15 billion for the quarter, compared to the consensus estimate of $24.87 billion. During the same period in the prior year, the firm posted $1.71 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. equities research analysts predict that JPMorgan Chase & Co. will post 6.91 earnings per share for the current fiscal year.

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a yield of 1.99%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 32.14%.

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JPMorgan Chase & Co. Company 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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