JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Montag A & Associates Inc.

Montag A & Associates Inc. lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 87,744 shares of the financial services provider’s stock after buying an additional 4,152 shares during the period. Montag A & Associates Inc.’s holdings in JPMorgan Chase & Co. were worth $10,327,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Eukles Asset Management increased its stake in shares of JPMorgan Chase & Co. by 36.5% in the 3rd quarter. Eukles Asset Management now owns 318 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 85 shares during the last quarter. Morse Asset Management Inc increased its stake in shares of JPMorgan Chase & Co. by 1.5% in the 2nd quarter. Morse Asset Management Inc now owns 5,781 shares of the financial services provider’s stock worth $646,000 after acquiring an additional 86 shares during the last quarter. Shulman DeMeo Asset Management LLC increased its stake in shares of JPMorgan Chase & Co. by 1.8% in the 3rd quarter. Shulman DeMeo Asset Management LLC now owns 4,795 shares of the financial services provider’s stock worth $564,000 after acquiring an additional 86 shares during the last quarter. Harvey Investment Co. LLC increased its stake in shares of JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Harvey Investment Co. LLC now owns 21,596 shares of the financial services provider’s stock worth $2,414,000 after acquiring an additional 90 shares during the last quarter. Finally, TPG Financial Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 4.5% in the 3rd quarter. TPG Financial Advisors LLC now owns 2,104 shares of the financial services provider’s stock worth $248,000 after acquiring an additional 90 shares during the last quarter. 71.90% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Daniel E. Pinto sold 64,198 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $130.91, for a total transaction of $8,404,160.18. Following the completion of the transaction, the chief executive officer now directly owns 451,481 shares in the company, valued at approximately $59,103,377.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gordon Smith sold 83,289 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $119.98, for a total value 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 152,944 shares of company stock valued at $19,088,970. Company insiders own 0.76% of the company’s stock.

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A number of analysts have issued reports on the company. BMO Capital Markets raised their target price on JPMorgan Chase & Co. to $126.00 in a research note on Wednesday, October 16th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $117.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, July 22nd. UBS Group raised their target price on JPMorgan Chase & Co. from $131.00 to $132.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Morgan Stanley raised JPMorgan Chase & Co. to an “overweight” rating in a research note on Wednesday, October 30th. Finally, Societe Generale cut JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $123.02.

Shares of NYSE JPM traded up $0.38 during mid-day trading on Friday, reaching $130.38. 9,160,446 shares of the company’s stock were exchanged, compared to its average volume of 12,174,789. The firm has a market capitalization of $404.92 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 1.81 and a beta of 1.21. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.97 and a current ratio of 0.93. JPMorgan Chase & Co. has a 52-week low of $91.11 and a 52-week high of $131.29. The company’s 50-day moving average is $120.77 and its 200-day moving average is $114.02.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.23. The business had revenue of $29.34 billion during the quarter, compared to analysts’ expectations of $28.36 billion. JPMorgan Chase & Co. had a return on equity of 14.63% and a net margin of 24.70%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.34 EPS. As a group, equities analysts predict that JPMorgan Chase & Co. will post 10.17 earnings per share for the current fiscal year.

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

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.

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

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