JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by First Trust Advisors LP

First Trust Advisors LP lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.7% during the third quarter, HoldingsChannel reports. The fund owned 873,840 shares of the financial services provider’s stock after acquiring an additional 23,271 shares during the quarter. First Trust Advisors LP’s holdings in JPMorgan Chase & Co. were worth $102,842,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Personal Wealth Partners acquired a new position in JPMorgan Chase & Co. during the second quarter worth about $28,000. MRA Associates USA LLC acquired a new position in JPMorgan Chase & Co. during the second quarter worth about $30,000. Global Trust Asset Management LLC grew its position in JPMorgan Chase & Co. by 2,027.2% during the second quarter. Global Trust Asset Management LLC now owns 5,318 shares of the financial services provider’s stock worth $33,000 after buying an additional 5,068 shares during the period. Bridger Capital Management LLC acquired a new position in JPMorgan Chase & Co. during the third quarter worth about $33,000. Finally, Titan Capital Management LLC CA acquired a new position in JPMorgan Chase & Co. during the second quarter worth about $35,000. Institutional investors and hedge funds own 71.90% of the company’s stock.

Shares of NYSE JPM opened at $130.38 on Friday. JPMorgan Chase & Co. has a 12-month low of $91.11 and a 12-month high of $131.29. The company has a market capitalization of $404.92 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 1.81 and a beta of 1.21. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.93 and a quick ratio of 0.97. The firm’s 50-day moving average is $120.77 and its two-hundred day moving average is $114.02.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.23. The company had revenue of $29.34 billion for the quarter, compared to the consensus estimate of $28.36 billion. JPMorgan Chase & Co. had a net margin of 24.70% and a return on equity of 14.63%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.34 earnings per share. On average, analysts forecast that JPMorgan Chase & Co. will post 10.17 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were paid a dividend of $0.90 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. The ex-dividend date was Thursday, October 3rd. This represents a $3.60 annualized dividend and a dividend yield of 2.76%. JPMorgan Chase & Co.’s dividend payout ratio is presently 40.00%.

Several analysts have issued reports on JPM shares. DZ Bank reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, August 21st. ValuEngine raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Robert W. Baird upped their price target on shares of JPMorgan Chase & Co. from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. BMO Capital Markets upped their price target on shares of JPMorgan Chase & Co. to $126.00 in a report on Wednesday, October 16th. Finally, Credit Suisse Group set a $135.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $123.02.

In related news, CEO Gordon Smith sold 83,289 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $119.98, for a total transaction of $9,993,014.22. Following the transaction, the chief executive officer now owns 393,197 shares of the company’s stock, valued at $47,175,776.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Daniel E. Pinto sold 64,198 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $130.91, for a total transaction of $8,404,160.18. Following the transaction, the chief executive officer now directly owns 451,481 shares in the company, valued at approximately $59,103,377.71. The disclosure for this sale can be found here. Insiders have sold 152,944 shares of company stock worth $19,088,970 in the last three months. Insiders own 0.76% of the company’s stock.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

Further Reading: The four types of profit margin

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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