Sei Investments Co. Has $166.14 Million Stake in JPMorgan Chase & Co. (JPM)

Sei Investments Co. raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,594,387 shares of the financial services provider’s stock after buying an additional 46,983 shares during the quarter. JPMorgan Chase & Co. comprises 0.6% of Sei Investments Co.’s portfolio, making the stock its 26th biggest position. Sei Investments Co.’s holdings in JPMorgan Chase & Co. were worth $166,135,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Torch Wealth Management LLC grew its position in shares of JPMorgan Chase & Co. by 1.7% in the 2nd quarter. Torch Wealth Management LLC now owns 27,374 shares of the financial services provider’s stock valued at $2,852,000 after purchasing an additional 451 shares during the period. Wells Trecaso Financial Group LLC grew its position in shares of JPMorgan Chase & Co. by 0.8% in the 2nd quarter. Wells Trecaso Financial Group LLC now owns 59,884 shares of the financial services provider’s stock valued at $6,240,000 after purchasing an additional 452 shares during the period. SevenBridge Financial Group LLC grew its position in shares of JPMorgan Chase & Co. by 1.4% in the 1st quarter. SevenBridge Financial Group LLC now owns 32,749 shares of the financial services provider’s stock valued at $3,517,000 after purchasing an additional 459 shares during the period. Dixon Hubard Feinour & Brown Inc. VA grew its position in shares of JPMorgan Chase & Co. by 5.3% in the 2nd quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 9,078 shares of the financial services provider’s stock valued at $946,000 after purchasing an additional 460 shares during the period. Finally, Sunbelt Securities Inc. grew its position in shares of JPMorgan Chase & Co. by 3.4% in the 1st quarter. Sunbelt Securities Inc. now owns 13,919 shares of the financial services provider’s stock valued at $1,531,000 after purchasing an additional 462 shares during the period. Institutional investors own 70.43% of the company’s stock.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson purchased 1,150 shares of the company’s stock in a transaction that occurred on Friday, October 19th. The shares were acquired at an average price of $108.94 per share, for a total transaction of $125,281.00. Following the purchase, the director now owns 2,632 shares in the company, valued at $286,730.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is currently owned by corporate insiders.

Shares of JPMorgan Chase & Co. stock opened at $111.29 on Friday. JPMorgan Chase & Co. has a 12-month low of $95.95 and a 12-month high of $119.33. The company has a market cap of $382.59 billion, a PE ratio of 16.20, a P/E/G ratio of 1.81 and a beta of 1.13. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.17.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.10. JPMorgan Chase & Co. had a return on equity of 13.90% and a net margin of 23.39%. The company had revenue of $27.26 billion for the quarter, compared to analysts’ expectations of $27.20 billion. During the same quarter in the prior year, the business posted $1.76 EPS. As a group, equities analysts expect that JPMorgan Chase & Co. will post 9.26 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Friday, October 5th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, October 4th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.88%. 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%.

Several equities research analysts have commented on JPM shares. Royal Bank of Canada restated a “buy” rating and issued a $120.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, July 16th. BMO Capital Markets boosted their target price on JPMorgan Chase & Co. from $110.00 to $118.00 and gave the company a “market perform” rating in a research note on Monday, July 16th. Vining Sparks restated a “buy” rating and issued a $125.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday, October 12th. Goldman Sachs Group set a $130.00 target price on JPMorgan Chase & Co. and gave the company a “neutral” rating in a research note on Friday, October 12th. Finally, Bank of America boosted their target price on JPMorgan Chase & Co. from $126.00 to $132.00 and gave the company a “buy” rating in a research note on Monday, September 17th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $123.44.

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JPMorgan Chase & Co. 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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