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.
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.
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