JPMorgan Chase & Co. (JPM) Shares Bought by ETRADE Capital Management LLC

ETRADE Capital Management LLC grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 4.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 88,152 shares of the financial services provider’s stock after acquiring an additional 3,513 shares during the period. JPMorgan Chase & Co. accounts for about 0.3% of ETRADE Capital Management LLC’s portfolio, making the stock its 27th largest position. ETRADE Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $8,419,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Private Vista LLC purchased a new stake in shares of JPMorgan Chase & Co. in the second quarter worth about $102,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter worth about $102,000. Welch Investments LLC purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter worth about $103,000. Legacy Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter worth about $106,000. Finally, Atlantic Trust LLC purchased a new stake in shares of JPMorgan Chase & Co. in the second quarter worth about $136,000. Institutional investors and hedge funds own 73.66% of the company’s stock.

In related news, CEO Mary E. Erdoes sold 65,101 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $112.25, for a total value of $7,307,587.25. Following the transaction, the chief executive officer now owns 479,882 shares of the company’s stock, valued at $53,866,754.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ashley Bacon sold 16,434 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total value of $1,844,223.48. Following the completion of the transaction, the insider now directly owns 98,811 shares in the company, valued at approximately $11,088,570.42. The disclosure for this sale can be found here. In the last three months, insiders sold 152,047 shares of company stock worth $17,098,115. 0.88% of the stock is owned by insiders.

Several brokerages have weighed in on JPM. Vetr raised JPMorgan Chase & Co. from a “strong sell” rating to a “sell” rating and set a $102.07 price objective on the stock in a research note on Tuesday, February 6th. Keefe, Bruyette & Woods raised JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $127.00 price objective on the stock in a research note on Tuesday, February 13th. ValuEngine raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Morgan Stanley boosted their price objective on JPMorgan Chase & Co. from $128.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Bank of America set a $119.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Monday, January 15th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $108.71.

JPMorgan Chase & Co. (NYSE:JPM) opened at $114.68 on Friday. The company has a market capitalization of $397,910.00, a P/E ratio of 17.97, a PEG ratio of 1.97 and a beta of 1.22. JPMorgan Chase & Co. has a 52 week low of $81.64 and a 52 week high of $117.35. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The firm had revenue of $24.15 billion for the quarter, compared to analysts’ expectations of $24.87 billion. During the same quarter in the prior year, the firm posted $1.71 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. sell-side analysts forecast that JPMorgan Chase & Co. will post 8.78 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 5th were paid a $0.56 dividend. The ex-dividend date was Thursday, January 4th. This represents a $2.24 annualized dividend and a yield of 1.95%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 35.11%.

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About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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

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