Commerzbank Aktiengesellschaft FI Buys 30,038 Shares of JPMorgan Chase & Co. (JPM)

Commerzbank Aktiengesellschaft FI increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 28.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 134,802 shares of the financial services provider’s stock after purchasing an additional 30,038 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in JPMorgan Chase & Co. were worth $14,046,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in JPM. Hudson Capital Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 44.4% during the first quarter. Hudson Capital Management LLC now owns 15,434 shares of the financial services provider’s stock worth $1,697,000 after purchasing an additional 4,744 shares during the period. Evergreen Capital Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 53.2% during the first quarter. Evergreen Capital Management LLC now owns 17,405 shares of the financial services provider’s stock worth $1,914,000 after purchasing an additional 6,047 shares during the period. Norinchukin Bank The raised its holdings in shares of JPMorgan Chase & Co. by 29.6% during the first quarter. Norinchukin Bank The now owns 344,850 shares of the financial services provider’s stock worth $37,923,000 after purchasing an additional 78,798 shares during the period. Fisher Asset Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 2.7% during the first quarter. Fisher Asset Management LLC now owns 5,003,395 shares of the financial services provider’s stock worth $550,223,000 after purchasing an additional 130,408 shares during the period. Finally, IFM Investors Pty Ltd raised its holdings in shares of JPMorgan Chase & Co. by 9.7% during the first quarter. IFM Investors Pty Ltd now owns 108,101 shares of the financial services provider’s stock worth $11,888,000 after purchasing an additional 9,519 shares during the period. 70.26% of the stock is currently owned by institutional investors.

In related news, Director Mellody L. Hobson bought 1,150 shares of the firm’s stock in a transaction that occurred on Friday, October 19th. The stock was purchased at an average price of $108.94 per share, for a total transaction of $125,281.00. Following the transaction, the director now directly owns 2,632 shares of the company’s stock, valued at approximately $286,730.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.73% of the company’s stock.

Shares of JPM opened at $103.29 on Friday. The stock has a market capitalization of $368.01 billion, a P/E ratio of 15.03, a P/E/G ratio of 1.74 and a beta of 1.10. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.01 and a quick ratio of 1.01. JPMorgan Chase & Co. has a 52-week low of $102.20 and a 52-week high of $119.33.

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

A number of analysts have weighed in on the stock. Citigroup increased their target price 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. Credit Suisse Group lowered their price target on shares of JPMorgan Chase & Co. from $130.00 to $128.00 and set an “outperform” rating for the company in a research report on Friday. Zacks Investment Research upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research report on Thursday, November 22nd. BMO Capital Markets upped their price target on shares of JPMorgan Chase & Co. to $124.00 and gave the stock a “market perform” rating in a research report on Monday, October 15th. Finally, Wolfe Research began coverage on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 25th. They set an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have assigned a buy rating to the company. JPMorgan Chase & Co. currently has a consensus rating of “Buy” and a consensus price target of $123.64.

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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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