JPMorgan Chase & Co. (JPM) Position Raised by Zeke Capital Advisors LLC

Zeke Capital Advisors LLC boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 61.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,325 shares of the financial services provider’s stock after purchasing an additional 24,444 shares during the period. JPMorgan Chase & Co. comprises approximately 0.8% of Zeke Capital Advisors LLC’s holdings, making the stock its 16th largest position. Zeke Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $6,144,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Janus Henderson Group PLC increased its stake in shares of JPMorgan Chase & Co. by 517.3% during the 2nd quarter. Janus Henderson Group PLC now owns 5,553,819 shares of the financial services provider’s stock worth $507,632,000 after purchasing an additional 4,654,113 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of JPMorgan Chase & Co. by 29.2% during the 2nd quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock worth $1,595,542,000 after purchasing an additional 3,945,948 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of JPMorgan Chase & Co. by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock worth $22,839,729,000 after purchasing an additional 3,717,683 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of JPMorgan Chase & Co. by 40.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock worth $892,886,000 after purchasing an additional 2,828,726 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of JPMorgan Chase & Co. by 32.9% during the 3rd quarter. Canada Pension Plan Investment Board now owns 10,004,951 shares of the financial services provider’s stock worth $955,573,000 after purchasing an additional 2,477,334 shares in the last quarter. Hedge funds and other institutional investors own 73.02% of the company’s stock.

JPMorgan Chase & Co. (NYSE:JPM) opened at $115.19 on Thursday. The firm has a market cap of $398,012.25, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 1.96 and a beta of 1.23. JPMorgan Chase & Co. has a 1-year low of $81.64 and a 1-year high of $117.45. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 1.24.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th were issued a $0.56 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.94%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.56%.

A number of research analysts have recently weighed in on the stock. Jefferies Group reissued a “buy” rating and set a $131.00 price objective (up from $124.00) on shares of JPMorgan Chase & Co. in a research note on Wednesday. Morgan Stanley raised their price objective on shares of JPMorgan Chase & Co. from $133.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday. Keefe, Bruyette & Woods raised shares of JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $127.00 price objective for the company in a research note on Tuesday, February 13th. Vetr raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $105.98 price objective for the company in a research note on Monday, February 12th. Finally, ValuEngine raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. JPMorgan Chase & Co. presently has an average rating of “Hold” and an average price target of $109.67.

In related news, CEO Mary E. Erdoes sold 65,101 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.25, for a total transaction of $7,307,587.25. Following the transaction, the chief executive officer now owns 479,882 shares in the company, valued at approximately $53,866,754.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ashley Bacon sold 16,434 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the transaction, the insider now 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 quarter, insiders sold 152,047 shares of company stock worth $17,098,115. 0.88% of the stock is owned by company insiders.

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JPMorgan Chase & Co. Profile

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.

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

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