JPMorgan Chase & Co. (JPM) is Knott David M’s 10th Largest Position

Knott David M continued to hold its position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the fourth quarter, Holdings Channel reports. The institutional investor owned 23,050 shares of the financial services provider’s stock at the end of the fourth quarter. JPMorgan Chase & Co. accounts for approximately 1.0% of Knott David M’s portfolio, making the stock its 10th largest position. Knott David M’s holdings in JPMorgan Chase & Co. were worth $1,989,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in JPM. Peachtree Investment Advisors Inc. increased its stake in shares of JPMorgan Chase & Co. by 0.5% in the third quarter. Peachtree Investment Advisors Inc. now owns 20,325 shares of the financial services provider’s stock worth $1,353,000 after buying an additional 100 shares in the last quarter. Atalanta Sosnoff Capital LLC increased its stake in shares of JPMorgan Chase & Co. by 1.2% in the third quarter. Atalanta Sosnoff Capital LLC now owns 1,329,688 shares of the financial services provider’s stock worth $88,544,000 after buying an additional 15,856 shares in the last quarter. First American Bank increased its stake in shares of JPMorgan Chase & Co. by 75.1% in the third quarter. First American Bank now owns 86,793 shares of the financial services provider’s stock worth $5,779,000 after buying an additional 37,222 shares in the last quarter. Woodstock Corp increased its stake in shares of JPMorgan Chase & Co. by 1.2% in the third quarter. Woodstock Corp now owns 48,372 shares of the financial services provider’s stock worth $3,221,000 after buying an additional 565 shares in the last quarter. Finally, Oliver Luxxe Assets LLC increased its stake in shares of JPMorgan Chase & Co. by 3.4% in the third quarter. Oliver Luxxe Assets LLC now owns 7,910 shares of the financial services provider’s stock worth $527,000 after buying an additional 259 shares in the last quarter. Institutional investors and hedge funds own 73.65% of the company’s stock.

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

JPMorgan Chase & Co. (NYSE:JPM) opened at 87.24 on Tuesday. The company has a market capitalization of $310.64 billion, a PE ratio of 14.09 and a beta of 1.49. JPMorgan Chase & Co. has a 1-year low of $57.05 and a 1-year high of $93.98. The company has a 50 day moving average of $89.91 and a 200 day moving average of $80.08.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, January 13th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.29. The firm had revenue of $24.30 billion for the quarter, compared to analysts’ expectations of $23.48 billion. JPMorgan Chase & Co. had a return on equity of 10.91% and a net margin of 23.45%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.68 EPS. On average, analysts predict that JPMorgan Chase & Co. will post $6.56 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.29%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 31.02%.

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JPM has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $88.00 price target (up from $77.00) on shares of JPMorgan Chase & Co. in a research report on Wednesday, November 30th. Royal Bank of Canada reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Saturday, December 17th. Vetr upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $82.89 price target on the stock in a research report on Monday, December 19th. Deutsche Bank AG reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Friday, December 23rd. Finally, Zacks Investment Research upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research report on Tuesday, January 10th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. JPMorgan Chase & Co. currently has a consensus rating of “Buy” and a consensus target price of $80.20.

In other JPMorgan Chase & Co. news, CFO Marianne Lake sold 13,072 shares of the stock in a transaction that occurred on Wednesday, January 18th. The stock was sold at an average price of $83.68, for a total transaction of $1,093,864.96. Following the transaction, the chief financial officer now directly owns 44,711 shares in the company, valued at approximately $3,741,416.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Matthew E. Zames sold 42,083 shares of the stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $84.16, for a total value of $3,541,705.28. Following the transaction, the chief operating officer now owns 369,486 shares in the company, valued at $31,095,941.76. The disclosure for this sale can be found here. Insiders have sold a total of 202,699 shares of company stock worth $17,009,515 over the last 90 days. Company insiders own 0.85% of the company’s stock.

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 serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

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