Davis Rea LTD. Has $5.94 Million Position in JPMorgan Chase & Co. (JPM)

Davis Rea LTD. boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 25.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,017 shares of the financial services provider’s stock after buying an additional 11,688 shares during the period. JPMorgan Chase & Co. accounts for about 3.9% of Davis Rea LTD.’s portfolio, making the stock its 9th largest holding. Davis Rea LTD.’s holdings in JPMorgan Chase & Co. were worth $5,941,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Elite Wealth Management Inc. increased its stake in JPMorgan Chase & Co. by 4.1% during the 1st quarter. Elite Wealth Management Inc. now owns 17,891 shares of the financial services provider’s stock worth $1,967,000 after buying an additional 701 shares in the last quarter. Nuveen Asset Management LLC increased its stake in JPMorgan Chase & Co. by 2.7% during the 1st quarter. Nuveen Asset Management LLC now owns 1,124,172 shares of the financial services provider’s stock worth $123,625,000 after buying an additional 29,540 shares in the last quarter. Syntal Capital Partners LLC increased its stake in JPMorgan Chase & Co. by 11.3% during the 1st quarter. Syntal Capital Partners LLC now owns 9,963 shares of the financial services provider’s stock worth $1,095,000 after buying an additional 1,013 shares in the last quarter. NN Investment Partners Holdings N.V. increased its stake in JPMorgan Chase & Co. by 5.5% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 140,044 shares of the financial services provider’s stock worth $14,593,000 after buying an additional 7,269 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. increased its stake in JPMorgan Chase & Co. by 12.5% during the 2nd quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 45,000 shares of the financial services provider’s stock worth $4,689,000 after buying an additional 5,000 shares in the last quarter. Institutional investors own 70.43% of the company’s stock.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson acquired 1,150 shares of the firm’s stock in a transaction that occurred on Friday, October 19th. The shares were purchased at an average cost of $108.94 per share, for a total transaction of $125,281.00. Following the completion of the acquisition, the director now owns 2,632 shares of the company’s stock, valued at approximately $286,730.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.73% of the company’s stock.

Several equities research analysts have commented on the company. Keefe, Bruyette & Woods reiterated a “$111.53” rating and set a $127.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 18th. BMO Capital Markets boosted their price objective on JPMorgan Chase & Co. from $110.00 to $118.00 and gave the stock a “market perform” rating in a research note on Monday, July 16th. Royal Bank of Canada reiterated a “buy” rating and set a $120.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, July 16th. Wolfe Research assumed coverage on JPMorgan Chase & Co. in a research note on Tuesday, September 25th. They set an “outperform” rating for the company. Finally, Zacks Investment Research lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Monday, September 17th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $123.44.

JPM stock opened at $111.29 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $376.14 billion, a PE ratio of 16.20, a P/E/G ratio of 1.77 and a beta of 1.13. JPMorgan Chase & Co. has a 1 year low of $95.95 and a 1 year high of $119.33.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, October 12th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.10. The business had revenue of $27.26 billion during the quarter, compared to analyst estimates of $27.20 billion. JPMorgan Chase & Co. had a return on equity of 13.90% and a net margin of 23.39%. During the same period in the prior year, the business earned $1.76 earnings per share. Equities research analysts predict that JPMorgan Chase & Co. will post 9.26 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Friday, October 5th were issued a $0.80 dividend. The ex-dividend date was Thursday, October 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. This represents a $3.20 dividend on an annualized basis and a yield of 2.88%. JPMorgan Chase & Co.’s dividend payout ratio is currently 46.58%.

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JPMorgan Chase & Co. Company Profile

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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