JPMorgan Chase & Co. (JPM) Shares Bought by Icon Advisers Inc. Co.

Icon Advisers Inc. Co. boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 241,450 shares of the financial services provider’s stock after acquiring an additional 1,755 shares during the period. JPMorgan Chase & Co. accounts for 1.9% of Icon Advisers Inc. Co.’s investment portfolio, making the stock its 4th largest holding. Icon Advisers Inc. Co.’s holdings in JPMorgan Chase & Co. were worth $25,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. lifted its stake in JPMorgan Chase & Co. by 0.7% in the first quarter. BlackRock Inc. now owns 228,054,279 shares of the financial services provider’s stock valued at $25,079,128,000 after buying an additional 1,627,006 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in JPMorgan Chase & Co. by 0.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 12,738,914 shares of the financial services provider’s stock valued at $1,400,899,000 after buying an additional 49,436 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in JPMorgan Chase & Co. by 4.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,199,709 shares of the financial services provider’s stock valued at $1,167,010,000 after buying an additional 481,210 shares during the period. California Public Employees Retirement System lifted its stake in JPMorgan Chase & Co. by 0.5% in the first quarter. California Public Employees Retirement System now owns 9,430,305 shares of the financial services provider’s stock valued at $1,037,051,000 after buying an additional 44,527 shares during the period. Finally, OppenheimerFunds Inc. raised its position in shares of JPMorgan Chase & Co. by 104.9% during the first quarter. OppenheimerFunds Inc. now owns 9,051,033 shares of the financial services provider’s stock worth $995,342,000 after purchasing an additional 4,634,515 shares during the period. Institutional investors and hedge funds own 70.43% of the company’s stock.

JPM has been the topic of a number of research reports. Bank of America upped their target price on JPMorgan Chase & Co. from $126.00 to $132.00 and gave the stock a “buy” rating in a research report on Monday, September 17th. Zacks Investment Research raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a research report on Friday, September 14th. BMO Capital Markets upped their target price on JPMorgan Chase & Co. to $124.00 and gave the stock a “market perform” rating in a research report on Monday, October 15th. UBS Group raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Finally, Vining Sparks reaffirmed a “buy” rating and set a $125.00 target price on shares of JPMorgan Chase & Co. in a research report on Friday, October 12th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. JPMorgan Chase & Co. has an average rating of “Buy” and an average price target of $123.44.

In related news, Director Mellody L. Hobson purchased 1,150 shares of the stock in a transaction that occurred on Friday, October 19th. The stock was acquired at an average cost of $108.94 per share, with a total value of $125,281.00. Following the transaction, the director now owns 2,632 shares of the company’s stock, valued at approximately $286,730.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.73% of the company’s stock.

NYSE JPM opened at $111.29 on Friday. The firm has a market capitalization of $382.59 billion, a P/E ratio of 16.20, a P/E/G ratio of 1.81 and a beta of 1.13. JPMorgan Chase & Co. has a 12 month low of $95.95 and a 12 month high of $119.33. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.17.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, October 12th. The financial services provider reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.10. The business had revenue of $27.26 billion during the quarter, compared to analyst estimates of $27.20 billion. JPMorgan Chase & Co. had a return on equity of 13.90% and a net margin of 23.39%. During the same period in the prior year, the firm posted $1.76 EPS. Equities analysts expect that JPMorgan Chase & Co. will post 9.26 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Friday, October 5th were given a $0.80 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. This represents a $3.20 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend was Thursday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 46.58%.

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JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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