James Hambro & Partners Takes Position in JPMorgan Chase & Co. (NYSE:JPM)

James Hambro & Partners acquired a new stake in JPMorgan Chase & Co. (NYSE:JPM) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 375,281 shares of the financial services provider’s stock, valued at approximately $44,163,000. JPMorgan Chase & Co. accounts for approximately 9.1% of James Hambro & Partners’ investment portfolio, making the stock its 2nd largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Morgan Stanley boosted its holdings in shares of JPMorgan Chase & Co. by 5.8% in the 2nd quarter. Morgan Stanley now owns 35,662,949 shares of the financial services provider’s stock worth $3,987,118,000 after acquiring an additional 1,952,873 shares in the last quarter. Invesco Ltd. lifted its holdings in JPMorgan Chase & Co. by 39.8% during the 2nd quarter. Invesco Ltd. now owns 23,689,706 shares of the financial services provider’s stock worth $2,648,509,000 after buying an additional 6,745,215 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in JPMorgan Chase & Co. by 2,432.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 23,689,599 shares of the financial services provider’s stock worth $2,648,497,000 after buying an additional 22,754,332 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in JPMorgan Chase & Co. by 1.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 15,021,076 shares of the financial services provider’s stock worth $1,679,357,000 after buying an additional 275,854 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in JPMorgan Chase & Co. by 1.0% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,687,342 shares of the financial services provider’s stock worth $1,493,173,000 after buying an additional 125,867 shares in the last quarter. Institutional investors own 71.90% of the company’s stock.

Shares of JPM stock traded up $0.38 during trading hours on Friday, reaching $130.38. The company had a trading volume of 9,160,446 shares, compared to its average volume of 12,174,789. The company has a 50 day moving average of $120.77 and a 200 day moving average of $114.02. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.93 and a quick ratio of 0.97. The firm has a market cap of $404.92 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 1.81 and a beta of 1.21. JPMorgan Chase & Co. has a 1-year low of $91.11 and a 1-year high of $131.29.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were paid a $0.90 dividend. The ex-dividend date was Thursday, October 3rd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.76%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. JPMorgan Chase & Co.’s dividend payout ratio is 40.00%.

Several research firms have issued reports on JPM. ValuEngine raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $117.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, July 22nd. Royal Bank of Canada upped their price objective on JPMorgan Chase & Co. to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Societe Generale downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Finally, UBS Group upped their price objective on JPMorgan Chase & Co. from $131.00 to $132.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $123.02.

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

JPMorgan Chase & Co. Company 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.

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

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