JPMorgan Chase & Co. (JPM) Position Lowered by Systematic Financial Management LP

Systematic Financial Management LP cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,450 shares of the financial services provider’s stock after selling 908 shares during the period. Systematic Financial Management LP’s holdings in JPMorgan Chase & Co. were worth $10,988,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Elite Wealth Management Inc. boosted its position in shares of JPMorgan Chase & Co. by 4.1% during the first quarter. Elite Wealth Management Inc. now owns 17,891 shares of the financial services provider’s stock valued at $1,967,000 after buying an additional 701 shares during the last quarter. Eagle Global Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 0.6% during the second quarter. Eagle Global Advisors LLC now owns 175,550 shares of the financial services provider’s stock valued at $18,292,000 after buying an additional 1,114 shares during the last quarter. Nuveen Asset Management LLC boosted its position in shares of JPMorgan Chase & Co. by 2.7% during the first quarter. Nuveen Asset Management LLC now owns 1,124,172 shares of the financial services provider’s stock valued at $123,625,000 after buying an additional 29,540 shares during the last quarter. Syntal Capital Partners LLC boosted its position in shares of JPMorgan Chase & Co. by 11.3% during the first quarter. Syntal Capital Partners LLC now owns 9,963 shares of the financial services provider’s stock valued at $1,095,000 after buying an additional 1,013 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its position in shares of JPMorgan Chase & Co. by 5.5% during the second quarter. NN Investment Partners Holdings N.V. now owns 140,044 shares of the financial services provider’s stock valued at $14,593,000 after buying an additional 7,269 shares during the last quarter. 69.14% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on JPM shares. Zacks Investment Research raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a research report on Friday, September 14th. Bank of America increased their price objective on JPMorgan Chase & Co. from $126.00 to $132.00 and gave the company a “buy” rating in a research report on Monday, September 17th. Wolfe Research started coverage on JPMorgan Chase & Co. in a research report on Tuesday, September 25th. They set an “outperform” rating on the stock. Citigroup increased their price objective on JPMorgan Chase & Co. from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday, September 26th. Finally, Goldman Sachs Group set a $130.00 price objective on JPMorgan Chase & Co. and gave the company a “neutral” rating in a research report on Friday, October 12th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. JPMorgan Chase & Co. currently has an average rating of “Buy” and an average price target of $123.49.

Shares of NYSE:JPM opened at $106.65 on Friday. The stock has a market capitalization of $366.02 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 1.73 and a beta of 1.13. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.01 and a current ratio of 1.01. JPMorgan Chase & Co. has a 52-week low of $97.93 and a 52-week high of $119.33.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, October 12th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.10. The business had revenue of $27.26 billion for the quarter, compared to analysts’ expectations 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 last year, the firm posted $1.76 earnings per share. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 9.26 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Friday, October 5th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.00%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Thursday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 46.58%.

In other news, Director Mellody L. Hobson bought 1,150 shares of the company’s stock in a transaction on Friday, October 19th. The shares were acquired at an average cost of $108.94 per share, with a total value of $125,281.00. Following the completion of the transaction, the director now owns 2,632 shares of the company’s stock, valued at approximately $286,730.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.73% of the company’s stock.

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JPMorgan Chase & Co. Company 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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