JPMorgan Chase & Co. (JPM) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,315,557 shares of the financial services provider’s stock after acquiring an additional 74,109 shares during the period. JPMorgan Chase & Co. accounts for about 1.0% of Schwab Charles Investment Management Inc.’s holdings, making the stock its 9th biggest position. Schwab Charles Investment Management Inc.’s holdings in JPMorgan Chase & Co. were worth $1,176,259,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of JPMorgan Chase & Co. by 1.5% in the second quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock valued at $22,839,729,000 after purchasing an additional 3,717,683 shares during the period. Northern Trust Corp raised its position in shares of JPMorgan Chase & Co. by 1.8% in the second quarter. Northern Trust Corp now owns 48,965,734 shares of the financial services provider’s stock valued at $4,475,468,000 after purchasing an additional 847,463 shares during the period. Capital Research Global Investors raised its position in shares of JPMorgan Chase & Co. by 2.5% in the second quarter. Capital Research Global Investors now owns 31,714,763 shares of the financial services provider’s stock valued at $2,898,729,000 after purchasing an additional 765,082 shares during the period. Dimensional Fund Advisors LP raised its position in shares of JPMorgan Chase & Co. by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 28,683,523 shares of the financial services provider’s stock valued at $2,621,677,000 after purchasing an additional 176,306 shares during the period. Finally, Legal & General Group Plc raised its position in shares of JPMorgan Chase & Co. by 1.8% in the third quarter. Legal & General Group Plc now owns 18,083,319 shares of the financial services provider’s stock valued at $1,727,118,000 after purchasing an additional 313,968 shares during the period. 73.02% of the stock is currently owned by institutional investors and hedge funds.

In other JPMorgan Chase & Co. news, Director James S. Crown acquired 7,280 shares of the business’s stock in a transaction dated Thursday, January 18th. The stock was bought at an average price of $113.37 per share, with a total value of $825,333.60. Following the purchase, the director now owns 305,875 shares of the company’s stock, valued at $34,677,048.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Peter Scher sold 26,532 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $113.42, for a total transaction of $3,009,259.44. The disclosure for this sale can be found here. In the last three months, insiders sold 152,047 shares of company stock valued at $17,098,115. Corporate insiders own 0.88% of the company’s stock.

Several analysts have recently issued reports on JPM shares. Vining Sparks reissued a “buy” rating and issued a $120.00 price target on shares of JPMorgan Chase & Co. in a research report on Friday, January 12th. Argus boosted their price target on shares of JPMorgan Chase & Co. from $109.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, January 12th. Credit Suisse Group raised shares of JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price target on the stock in a research report on Friday, January 5th. Buckingham Research raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research report on Thursday, December 21st. Finally, Wells Fargo & Co set a $120.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $109.67.

JPMorgan Chase & Co. (NYSE:JPM) opened at $114.98 on Friday. 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. has a 12 month low of $81.64 and a 12 month high of $117.45. The company has a market cap of $398,950.00, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 1.96 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The business had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. During the same quarter in the previous year, the company earned $1.71 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. sell-side 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 paid 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 yield of 1.95%. JPMorgan Chase & Co.’s dividend payout ratio is presently 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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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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