JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Bartlett & Co. LLC

Bartlett & Co. LLC raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 165.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 643,694 shares of the financial services provider’s stock after acquiring an additional 401,532 shares during the period. JPMorgan Chase & Co. comprises about 2.0% of Bartlett & Co. LLC’s investment portfolio, making the stock its 10th largest holding. Bartlett & Co. LLC’s holdings in JPMorgan Chase & Co. were worth $75,756,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Morgan Stanley grew its stake in JPMorgan Chase & Co. by 5.8% in the second quarter. Morgan Stanley now owns 35,662,949 shares of the financial services provider’s stock valued at $3,987,118,000 after acquiring an additional 1,952,873 shares during the period. Invesco Ltd. grew its stake in JPMorgan Chase & Co. by 39.8% in the second quarter. Invesco Ltd. now owns 23,689,706 shares of the financial services provider’s stock valued at $2,648,509,000 after acquiring an additional 6,745,215 shares during the period. Nuveen Asset Management LLC grew its stake in JPMorgan Chase & Co. by 2,432.9% in the second quarter. Nuveen Asset Management LLC now owns 23,689,599 shares of the financial services provider’s stock valued at $2,648,497,000 after acquiring an additional 22,754,332 shares during the period. Charles Schwab Investment Management Inc. grew its stake in JPMorgan Chase & Co. by 1.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 15,021,076 shares of the financial services provider’s stock valued at $1,679,357,000 after acquiring an additional 275,854 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in JPMorgan Chase & Co. by 1.0% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,687,342 shares of the financial services provider’s stock valued at $1,493,173,000 after acquiring an additional 125,867 shares during the period. 71.90% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Daniel E. Pinto sold 64,198 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $130.91, for a total transaction of $8,404,160.18. Following the sale, the chief executive officer now owns 451,481 shares in the company, valued at $59,103,377.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gordon Smith sold 83,289 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $119.98, for a total value of $9,993,014.22. Following the sale, the chief executive officer now owns 393,197 shares in the company, valued at approximately $47,175,776.06. The disclosure for this sale can be found here. Insiders have sold 152,944 shares of company stock worth $19,088,970 in the last quarter. 0.76% of the stock is currently owned by corporate insiders.

Several research firms have recently weighed in on JPM. ValuEngine raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. DZ Bank reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, August 21st. Societe Generale cut JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Wells Fargo & Co set a $125.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Buckingham Research cut JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $122.00 price objective for the company. in a research report on Monday, September 16th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus target price of $123.02.

JPM opened at $130.38 on Friday. JPMorgan Chase & Co. has a 52-week low of $91.11 and a 52-week high of $131.29. The firm has a market capitalization of $404.92 billion, a PE ratio of 14.49, a PEG ratio of 1.81 and a beta of 1.21. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.97 and a current ratio of 0.93. The business’s 50-day simple moving average is $120.77 and its 200 day simple moving average is $114.02.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.23. JPMorgan Chase & Co. had a return on equity of 14.63% and a net margin of 24.70%. The business had revenue of $29.34 billion for the quarter, compared to analyst estimates of $28.36 billion. During the same quarter in the prior year, the company posted $2.34 earnings per share. JPMorgan Chase & Co.’s revenue was up 7.6% on a year-over-year basis. On average, research analysts forecast that JPMorgan Chase & Co. will post 10.17 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.76%. The ex-dividend date was Thursday, October 3rd. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. JPMorgan Chase & Co.’s dividend payout ratio is presently 40.00%.

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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

Read More: Example of operating income, EBIT and EBITDA

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

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