Investment House LLC Increases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)


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Investment House LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 176.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,725 shares of the financial services provider’s stock after buying an additional 15,155 shares during the quarter. Investment House LLC’s holdings in JPMorgan Chase & Co. were worth $3,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in JPM. Pacifica Partners Inc. lifted its position in JPMorgan Chase & Co. by 12.4% during the 4th quarter. Pacifica Partners Inc. now owns 19,140 shares of the financial services provider’s stock worth $2,400,000 after acquiring an additional 2,118 shares during the period. CIBC Private Wealth Group LLC lifted its position in JPMorgan Chase & Co. by 58.9% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,546,922 shares of the financial services provider’s stock worth $437,636,000 after acquiring an additional 1,685,017 shares during the period. IBM Retirement Fund lifted its position in JPMorgan Chase & Co. by 36.7% during the 3rd quarter. IBM Retirement Fund now owns 103,214 shares of the financial services provider’s stock worth $9,936,000 after acquiring an additional 27,691 shares during the period. Louisiana State Employees Retirement System lifted its position in JPMorgan Chase & Co. by 22.2% during the 4th quarter. Louisiana State Employees Retirement System now owns 189,200 shares of the financial services provider’s stock worth $24,042,000 after acquiring an additional 34,400 shares during the period. Finally, Handelsbanken Fonder AB lifted its position in JPMorgan Chase & Co. by 1.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 710,299 shares of the financial services provider’s stock worth $68,380,000 after acquiring an additional 9,494 shares during the period. Hedge funds and other institutional investors own 62.92% of the company’s stock.

A number of analysts have commented on JPM shares. BMO Capital Markets lifted their price target on JPMorgan Chase & Co. from $117.00 to $119.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 14th. Independent Research downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research note on Thursday, December 3rd. Jefferies Financial Group raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their target price for the stock from $110.00 to $152.00 in a report on Thursday, January 7th. Barclays raised their target price on JPMorgan Chase & Co. from $144.00 to $164.00 and gave the stock an “overweight” rating in a report on Monday, January 4th. Finally, Credit Suisse Group raised their target price on JPMorgan Chase & Co. from $126.00 to $142.00 and gave the stock an “outperform” rating in a report on Friday, December 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eighteen have issued a buy rating to the company. JPMorgan Chase & Co. presently has a consensus rating of “Buy” and a consensus target price of $121.51.

In other news, EVP Marianne Lake sold 15,808 shares of the firm’s stock in a transaction that occurred on Tuesday, November 24th. The stock was sold at an average price of $120.01, for a total value of $1,897,118.08. Also, insider Nicole Giles sold 2,281 shares of the firm’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $100.98, for a total value of $230,335.38. In the last 90 days, insiders sold 21,386 shares of company stock worth $2,460,813. Company insiders own 0.78% of the company’s stock.

Shares of JPM opened at $140.35 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.16. JPMorgan Chase & Co. has a 12 month low of $76.91 and a 12 month high of $141.66. The stock’s 50 day moving average is $124.63 and its two-hundred day moving average is $106.64. The firm has a market cap of $427.82 billion, a P/E ratio of 18.35, a PEG ratio of 3.20 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Monday, October 19th. The financial services provider reported $2.92 EPS for the quarter, beating the consensus estimate of $2.23 by $0.69. The company had revenue of $29.90 billion for the quarter, compared to analyst estimates of $28.20 billion. JPMorgan Chase & Co. had a return on equity of 10.85% and a net margin of 19.16%. JPMorgan Chase & Co.’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company earned $2.68 earnings per share. Equities research analysts forecast that JPMorgan Chase & Co. will post 7.48 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, January 31st. Stockholders of record on Wednesday, January 6th will be given a $0.90 dividend. The ex-dividend date is Tuesday, January 5th. This represents a $3.60 annualized dividend and a dividend yield of 2.57%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 34.35%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in 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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