Twin Capital Management Inc. Boosts Holdings in JPMorgan Chase & Co. (JPM)

Twin Capital Management Inc. boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 303,210 shares of the financial services provider’s stock after buying an additional 17,418 shares during the period. JPMorgan Chase & Co. comprises 1.5% of Twin Capital Management Inc.’s portfolio, making the stock its 7th biggest holding. Twin Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $28,960,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock worth $301,000 after purchasing an additional 12 shares during the last quarter. IPG Investment Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.3% during the 2nd quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock worth $608,000 after purchasing an additional 17 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 0.5% during the 2nd quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 26 shares during the last quarter. Fort Pitt Capital Group LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Fort Pitt Capital Group LLC now owns 9,084 shares of the financial services provider’s stock worth $830,000 after purchasing an additional 37 shares during the last quarter. Finally, Financial Consulate Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 1.1% during the 2nd quarter. Financial Consulate Inc. now owns 4,075 shares of the financial services provider’s stock worth $372,000 after purchasing an additional 44 shares during the last quarter. Institutional investors own 73.02% of the company’s stock.

Several brokerages have recently weighed in on JPM. Jefferies Group restated a “buy” rating and set a $131.00 target price (up from $124.00) on shares of JPMorgan Chase & Co. in a report on Wednesday. Morgan Stanley boosted their target price on JPMorgan Chase & Co. from $133.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday. Keefe, Bruyette & Woods upgraded JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $127.00 price objective on the stock in a report on Tuesday, February 13th. Vetr upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $105.98 price objective on the stock in a report on Monday, February 12th. Finally, ValuEngine upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $109.67.

Shares of JPMorgan Chase & Co. (NYSE JPM) opened at $115.19 on Thursday. The stock has a market capitalization of $398,012.25, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 1.96 and a beta of 1.23. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.03. JPMorgan Chase & Co. has a 12-month low of $81.64 and a 12-month high of $117.45.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $24.87 billion. During the same quarter in the prior year, the company earned $1.71 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis. equities research analysts expect that JPMorgan Chase & Co. will post 8.78 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.56%.

In other news, CEO Mary E. Erdoes sold 65,101 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $112.25, for a total transaction of $7,307,587.25. Following the sale, the chief executive officer now owns 479,882 shares of the company’s stock, valued at $53,866,754.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Peter Scher sold 26,532 shares of the 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 have sold 152,047 shares of company stock worth $17,098,115 in the last ninety days. Corporate insiders own 0.88% of the company’s stock.

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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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