JPMorgan Chase & Co. (JPM) is Eagle Asset Management Inc.’s 10th Largest Position

Eagle Asset Management Inc. raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,464,021 shares of the financial services provider’s stock after purchasing an additional 2,213 shares during the quarter. JPMorgan Chase & Co. accounts for 0.8% of Eagle Asset Management Inc.’s portfolio, making the stock its 10th biggest position. Eagle Asset Management Inc.’s holdings in JPMorgan Chase & Co. were worth $141,775,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Private Vista LLC purchased a new position in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $102,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of JPMorgan Chase & Co. during the third quarter valued at approximately $102,000. Welch Investments LLC purchased a new position in shares of JPMorgan Chase & Co. during the third quarter valued at approximately $103,000. Legacy Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. during the third quarter valued at approximately $106,000. Finally, Atlantic Trust LLC purchased a new position in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $136,000. Hedge funds and other institutional investors own 73.66% of the company’s stock.

JPM has been the topic of several research analyst reports. Vetr cut JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 target price on the stock. in a research note on Wednesday, January 10th. Credit Suisse Group raised JPMorgan Chase & Co. to a “buy” rating and set a $120.00 target price on the stock in a research note on Friday, January 5th. Vining Sparks reissued a “buy” rating and set a $120.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday, January 12th. Zacks Investment Research raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a research note on Thursday, January 18th. Finally, ValuEngine raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have issued a buy rating to the company. JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus target price of $108.71.

Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at $114.68 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 1-year low of $81.64 and a 1-year high of $117.35. The company has a market capitalization of $397,910.00, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 1.97 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The business had revenue of $24.15 billion for the quarter, compared to the consensus estimate of $24.87 billion. During the same period in the previous year, the company posted $1.71 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. sell-side analysts anticipate that JPMorgan Chase & Co. will post 8.78 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 35.11%.

In other news, insider Ashley Bacon sold 16,434 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the transaction, the insider now directly owns 98,811 shares of the company’s stock, valued at $11,088,570.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Peter Scher sold 26,532 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $113.42, for a total value of $3,009,259.44. The disclosure for this sale can be found here. Insiders sold 152,047 shares of company stock worth $17,098,115 over the last three months. Corporate insiders own 0.88% of the company’s stock.

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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.

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

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