North American Management Corp Has $28.51 Million Holdings in JPMorgan Chase & Co. (JPM)

North American Management Corp decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 273,642 shares of the financial services provider’s stock after selling 10,714 shares during the quarter. JPMorgan Chase & Co. accounts for about 4.6% of North American Management Corp’s investment portfolio, making the stock its largest holding. North American Management Corp’s holdings in JPMorgan Chase & Co. were worth $28,513,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Archford Capital Strategies LLC raised its holdings in JPMorgan Chase & Co. by 3.7% during the 4th quarter. Archford Capital Strategies LLC now owns 17,802 shares of the financial services provider’s stock valued at $1,903,000 after acquiring an additional 634 shares during the period. Banco de Sabadell S.A bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $27,519,000. Westover Capital Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 5.7% in the fourth quarter. Westover Capital Advisors LLC now owns 25,900 shares of the financial services provider’s stock worth $2,770,000 after purchasing an additional 1,405 shares during the period. Slow Capital Inc. bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $770,000. Finally, First Commonwealth Financial Corp PA increased its holdings in shares of JPMorgan Chase & Co. by 7.0% in the fourth quarter. First Commonwealth Financial Corp PA now owns 23,189 shares of the financial services provider’s stock worth $2,480,000 after purchasing an additional 1,511 shares during the period. 70.56% of the stock is owned by institutional investors.

Several research analysts have recently weighed in on the stock. Vining Sparks reaffirmed a “buy” rating and issued a $125.00 price target on shares of JPMorgan Chase & Co. in a report on Friday. Royal Bank of Canada reaffirmed a “buy” rating and issued a $120.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 16th. Citigroup upped their price target on shares of JPMorgan Chase & Co. from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Wednesday, September 26th. Goldman Sachs Group set a $130.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “neutral” rating in a report on Friday. Finally, Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. JPMorgan Chase & Co. has a consensus rating of “Buy” and an average price target of $121.99.

JPM opened at $106.95 on Friday. The firm has a market capitalization of $387.26 billion, a P/E ratio of 15.57, a PEG ratio of 1.85 and a beta of 1.17. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18. JPMorgan Chase & Co. has a 52 week low of $94.96 and a 52 week high of $119.33.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, October 12th. The financial services provider reported $2.34 EPS for the quarter, beating the Zacks’ consensus estimate of $2.28 by $0.06. JPMorgan Chase & Co. had a return on equity of 13.18% and a net margin of 22.80%. During the same period in the previous year, the firm earned $1.76 EPS. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 9.17 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Friday, October 5th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Thursday, October 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. JPMorgan Chase & Co.’s dividend payout ratio is currently 46.58%.

In related news, CEO Gordon Smith sold 30,725 shares of the stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $114.01, for a total value of $3,502,957.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.73% of the stock is owned by corporate insiders.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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