Brinker Capital Investments LLC Grows Position in JPMorgan Chase & Co. (NYSE:JPM)


Brinker Capital Investments LLC grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 205,496 shares of the financial services provider’s stock after buying an additional 9,437 shares during the period. Brinker Capital Investments LLC’s holdings in JPMorgan Chase & Co. were worth $21,475,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in shares of JPMorgan Chase & Co. by 23.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 31,667,210 shares of the financial services provider’s stock valued at $3,566,044,000 after purchasing an additional 5,978,393 shares during the period. Greenhaven Associates Inc. grew its position in shares of JPMorgan Chase & Co. by 600.7% in the second quarter. Greenhaven Associates Inc. now owns 4,533,856 shares of the financial services provider’s stock valued at $510,558,000 after purchasing an additional 3,886,845 shares during the period. Public Investment Fund purchased a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at $433,667,000. Franklin Resources Inc. grew its position in shares of JPMorgan Chase & Co. by 21.1% in the second quarter. Franklin Resources Inc. now owns 19,739,048 shares of the financial services provider’s stock valued at $2,222,815,000 after purchasing an additional 3,435,522 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of JPMorgan Chase & Co. by 244.8% in the second quarter. Renaissance Technologies LLC now owns 3,931,843 shares of the financial services provider’s stock valued at $442,765,000 after purchasing an additional 2,791,457 shares during the period. Hedge funds and other institutional investors own 67.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on JPM shares. Morgan Stanley lifted their price objective on JPMorgan Chase & Co. from $153.00 to $167.00 and gave the company an “overweight” rating in a research report on Tuesday, January 17th. StockNews.com assumed coverage on JPMorgan Chase & Co. in a research report on Wednesday, October 12th. They set a “hold” rating for the company. UBS Group set a $156.00 price target on JPMorgan Chase & Co. in a research report on Friday, January 13th. Deutsche Bank Aktiengesellschaft downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and lowered their price target for the company from $155.00 to $145.00 in a research report on Friday, January 6th. Finally, Barclays boosted their price target on JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a research report on Tuesday, January 3rd. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $147.89.

Insider Activity at JPMorgan Chase & Co.

In other news, Director Mellody L. Hobson acquired 375 shares of the stock in a transaction that occurred on Thursday, January 19th. The stock was purchased at an average cost of $134.53 per share, with a total value of $50,448.75. Following the completion of the acquisition, the director now directly owns 22,040 shares in the company, valued at $2,965,041.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Mellody L. Hobson acquired 375 shares of the stock in a transaction that occurred on Thursday, January 19th. The stock was purchased at an average cost of $134.53 per share, with a total value of $50,448.75. Following the completion of the acquisition, the director now directly owns 22,040 shares in the company, valued at $2,965,041.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas B. Petno sold 5,139 shares of the business’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total value of $642,477.78. Following the completion of the sale, the chief executive officer now directly owns 248,011 shares of the company’s stock, valued at $31,006,335.22. The disclosure for this sale can be found here. Insiders sold a total of 46,336 shares of company stock valued at $6,372,156 over the last three months. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Trading Up 0.2 %

NYSE:JPM opened at $135.08 on Monday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 0.84. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $159.03. The business’s 50-day simple moving average is $134.60 and its 200 day simple moving average is $122.80. The stock has a market cap of $396.22 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 2.10 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, topping the consensus estimate of $3.11 by $0.46. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The business had revenue of $34.55 billion for the quarter, compared to analysts’ expectations of $34.23 billion. During the same quarter in the previous year, the firm posted $3.33 earnings per share. The company’s revenue was up 18.1% compared to the same quarter last year. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 12.88 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.96%. The ex-dividend date is Thursday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 33.11%.

About JPMorgan Chase & Co.

(Get Rating)

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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



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