JPMorgan Chase & Co. (JPM) Shares Sold by Amundi Pioneer Asset Management Inc.

Amundi Pioneer Asset Management Inc. lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 15.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,920,963 shares of the financial services provider’s stock after selling 1,043,339 shares during the quarter. JPMorgan Chase & Co. makes up 1.8% of Amundi Pioneer Asset Management Inc.’s investment portfolio, making the stock its 7th largest position. Amundi Pioneer Asset Management Inc.’s holdings in JPMorgan Chase & Co. were worth $565,512,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of JPM. Vanguard Group Inc. raised its holdings in shares of JPMorgan Chase & Co. by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock valued at $22,839,729,000 after acquiring an additional 3,717,683 shares in the last quarter. Northern Trust Corp raised its holdings in shares of JPMorgan Chase & Co. by 1.8% in the 2nd quarter. Northern Trust Corp now owns 48,965,734 shares of the financial services provider’s stock valued at $4,475,468,000 after acquiring an additional 847,463 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of JPMorgan Chase & Co. by 2.5% in the 2nd 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 acquiring an additional 765,082 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of JPMorgan Chase & Co. by 0.6% in the 2nd 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 acquiring an additional 176,306 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of JPMorgan Chase & Co. by 2.1% in the 2nd 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 acquiring an additional 369,878 shares in the last quarter. Institutional investors and hedge funds own 73.66% of the company’s stock.

JPMorgan Chase & Co. (JPM) opened at $114.68 on Monday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.03. The company has a market capitalization of $397,910.00, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 1.96 and a beta of 1.22. JPMorgan Chase & Co. has a 12 month low of $81.64 and a 12 month high of $117.35.

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

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

Several analysts have weighed in on JPM shares. Argus raised their price target on JPMorgan Chase & Co. from $109.00 to $125.00 and gave the company a “buy” rating in a report on Friday, January 12th. Nomura set a $115.00 price target on JPMorgan Chase & Co. and gave the company a “neutral” rating in a report on Friday, January 12th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $125.00 price target (up previously from $120.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, January 16th. Barclays raised their price target on JPMorgan Chase & Co. from $105.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Finally, Wells Fargo & Co set a $120.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have issued a buy rating to the stock. JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus price target of $108.71.

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

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JPMorgan Chase & Co. 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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