JPMorgan Chase & Co. (NYSE:JPM) is Haverford Trust Co.’s 5th Largest Position

Haverford Trust Co. lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,415,015 shares of the financial services provider’s stock after purchasing an additional 20,586 shares during the quarter. JPMorgan Chase & Co. comprises approximately 2.9% of Haverford Trust Co.’s portfolio, making the stock its 5th biggest position. Haverford Trust Co.’s holdings in JPMorgan Chase & Co. were worth $166,533,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Wharton Business Group LLC grew its holdings in JPMorgan Chase & Co. by 0.3% during the second quarter. Wharton Business Group LLC now owns 86,951 shares of the financial services provider’s stock worth $9,721,000 after acquiring an additional 235 shares during the period. New England Investment & Retirement Group Inc. grew its holdings in JPMorgan Chase & Co. by 27.2% in the second quarter. New England Investment & Retirement Group Inc. now owns 6,695 shares of the financial services provider’s stock valued at $748,000 after purchasing an additional 1,433 shares during the last quarter. Carillon Tower Advisers Inc. grew its holdings in JPMorgan Chase & Co. by 4.7% in the second quarter. Carillon Tower Advisers Inc. now owns 300,522 shares of the financial services provider’s stock valued at $33,598,000 after purchasing an additional 13,477 shares during the last quarter. BTR Capital Management Inc. grew its holdings in JPMorgan Chase & Co. by 0.7% in the second quarter. BTR Capital Management Inc. now owns 164,688 shares of the financial services provider’s stock valued at $18,412,000 after purchasing an additional 1,223 shares during the last quarter. Finally, Annex Advisory Services LLC grew its holdings in JPMorgan Chase & Co. by 21.5% in the second quarter. Annex Advisory Services LLC now owns 27,273 shares of the financial services provider’s stock valued at $3,050,000 after purchasing an additional 4,834 shares during the last quarter. Institutional investors and hedge funds own 71.90% of the company’s stock.

In related news, CEO Gordon Smith sold 83,289 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $119.98, for a total transaction of $9,993,014.22. Following the transaction, the chief executive officer now directly owns 393,197 shares in the company, valued at $47,175,776.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Daniel E. Pinto sold 64,198 shares of the stock in a transaction dated 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 in the company, valued at $59,103,377.71. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 152,944 shares of company stock worth $19,088,970. Corporate insiders own 0.76% of the company’s stock.

Several analysts have weighed in on JPM shares. Royal Bank of Canada upped their target price on JPMorgan Chase & Co. to $125.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Buckingham Research lowered JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $122.00 target price on the stock. in a report on Monday, September 16th. They noted that the move was a valuation call. Goldman Sachs Group reissued a “neutral” rating and issued a $117.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 22nd. Morgan Stanley raised JPMorgan Chase & Co. to an “overweight” rating in a report on Wednesday, October 30th. Finally, DZ Bank reissued a “hold” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $123.02.

Shares of JPM traded up $0.38 during trading hours on Friday, reaching $130.38. 9,160,446 shares of the company traded hands, compared to its average volume of 12,174,789. The company has a quick ratio of 0.97, a current ratio of 0.93 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $404.92 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 1.81 and a beta of 1.21. JPMorgan Chase & Co. has a fifty-two week low of $91.11 and a fifty-two week high of $131.29. The stock has a fifty day simple moving average of $120.77 and a 200 day simple moving average of $114.02.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $2.68 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.23. The business had revenue of $29.34 billion for the quarter, compared to analyst estimates of $28.36 billion. JPMorgan Chase & Co. had a return on equity of 14.63% and a net margin of 24.70%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.34 earnings per share. Research analysts predict that JPMorgan Chase & Co. will post 10.17 EPS for the current fiscal year.

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

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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