Groupama Asset Managment Has $214.79 Million Position in JPMorgan Chase & Co. $JPM

Groupama Asset Managment boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 748,092 shares of the financial services provider’s stock after purchasing an additional 25,835 shares during the quarter. JPMorgan Chase & Co. comprises about 0.8% of Groupama Asset Managment’s holdings, making the stock its 18th biggest position. Groupama Asset Managment’s holdings in JPMorgan Chase & Co. were worth $214,792,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Johnson Financial Group Inc. increased its position in JPMorgan Chase & Co. by 6.2% in the 2nd quarter. Johnson Financial Group Inc. now owns 59,244 shares of the financial services provider’s stock valued at $17,175,000 after buying an additional 3,476 shares in the last quarter. Stevens Capital Partners bought a new stake in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $269,000. Sumitomo Mitsui Financial Group Inc. raised its position in shares of JPMorgan Chase & Co. by 7.6% during the second quarter. Sumitomo Mitsui Financial Group Inc. now owns 126,034 shares of the financial services provider’s stock worth $36,539,000 after purchasing an additional 8,935 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its holdings in shares of JPMorgan Chase & Co. by 5.3% in the 2nd quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 6,000 shares of the financial services provider’s stock worth $1,739,000 after purchasing an additional 300 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. by 3.6% in the 2nd quarter. Elevation Point Wealth Partners LLC now owns 35,818 shares of the financial services provider’s stock worth $10,384,000 after purchasing an additional 1,233 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Trading Up 1.4%

Shares of JPMorgan Chase & Co. stock opened at $312.07 on Thursday. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $322.25. The firm has a market cap of $849.54 billion, a PE ratio of 15.46, a P/E/G ratio of 1.60 and a beta of 1.08. The stock has a fifty day moving average price of $306.70 and a 200-day moving average price of $294.15. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.86.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate of $4.83 by $0.24. The business had revenue of $47.12 billion for the quarter, compared to analyst estimates of $44.42 billion. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.37 earnings per share. Equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 6th were issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.9%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend was Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.72%.

Analysts Set New Price Targets

JPM has been the subject of a number of recent research reports. Zacks Research lowered shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Evercore ISI boosted their target price on shares of JPMorgan Chase & Co. from $309.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Wells Fargo & Company raised their price target on shares of JPMorgan Chase & Co. from $345.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. The Goldman Sachs Group reissued a “buy” rating and set a $366.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, October 14th. Finally, DZ Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 15th. Fifteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $326.38.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 966 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $311.92, for a total value of $301,314.72. Following the completion of the sale, the insider directly owned 58,479 shares of the company’s stock, valued at $18,240,769.68. This trade represents a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.