Gulf International Bank UK Ltd trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 268,790 shares of the financial services provider’s stock after selling 27,124 shares during the quarter. JPMorgan Chase & Co. comprises about 1.1% of Gulf International Bank UK Ltd’s investment portfolio, making the stock its 13th largest holding. Gulf International Bank UK Ltd’s holdings in JPMorgan Chase & Co. were worth $38,979,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich grew its stake in JPMorgan Chase & Co. by 97,681.8% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,056,747,063 shares of the financial services provider’s stock worth $299,133,293,000 after buying an additional 2,054,643,659 shares in the last quarter. Moneta Group Investment Advisors LLC grew its stake in JPMorgan Chase & Co. by 105,652.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after buying an additional 97,907,897 shares in the last quarter. Norges Bank acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $3,894,646,000. Morgan Stanley grew its stake in JPMorgan Chase & Co. by 15.9% during the fourth quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock worth $7,918,506,000 after buying an additional 8,088,433 shares in the last quarter. Finally, Providence Capital Advisors LLC grew its stake in JPMorgan Chase & Co. by 13,205.6% during the first quarter. Providence Capital Advisors LLC now owns 5,395,818 shares of the financial services provider’s stock worth $41,407,000 after buying an additional 5,355,265 shares in the last quarter. 68.94% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research firms recently issued reports on JPM. StockNews.com initiated coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, October 5th. They set a “hold” rating for the company. Morgan Stanley upped their price target on shares of JPMorgan Chase & Co. from $187.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 16th. Odeon Capital Group downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price target for the company. in a report on Thursday, November 2nd. HSBC initiated coverage on shares of JPMorgan Chase & Co. in a report on Thursday, September 7th. They set a “hold” rating and a $159.00 price target for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $158.00 price target on shares of JPMorgan Chase & Co. in a report on Friday, September 8th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $168.80.
Read Our Latest Report on JPMorgan Chase & Co.
JPMorgan Chase & Co. Stock Performance
NYSE JPM opened at $168.47 on Wednesday. The company has a market capitalization of $487.05 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 1.99 and a beta of 1.13. JPMorgan Chase & Co. has a twelve month low of $123.11 and a twelve month high of $168.47. The stock has a fifty day simple moving average of $149.79 and a 200 day simple moving average of $148.27. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.25.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its quarterly earnings results on Friday, October 13th. The financial services provider reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $3.95 by $0.38. JPMorgan Chase & Co. had a return on equity of 17.97% and a net margin of 22.79%. The firm had revenue of $40.69 billion during the quarter, compared to the consensus estimate of $39.63 billion. During the same period last year, the business posted $3.12 EPS. The business’s revenue was up 24.4% compared to the same quarter last year. Sell-side analysts expect that JPMorgan Chase & Co. will post 16.62 EPS for the current year.
JPMorgan Chase & Co. Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Thursday, January 4th will be issued a dividend of $1.05 per share. The ex-dividend date is Thursday, January 4th. This represents a $4.20 dividend on an annualized basis and a yield of 2.49%. JPMorgan Chase & Co.’s payout ratio is currently 25.07%.
Insiders Place Their Bets
In other JPMorgan Chase & Co. news, CEO Marianne Lake sold 32,243 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $160.00, for a total transaction of $5,158,880.00. Following the completion of the sale, the chief executive officer now directly owns 131,962 shares in the company, valued at approximately $21,113,920. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.79% of the company’s stock.
JPMorgan Chase & Co. Profile
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, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.
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