Successful Portfolios LLC Has $638,000 Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Successful Portfolios LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,419 shares of the financial services provider’s stock after purchasing an additional 380 shares during the period. Successful Portfolios LLC’s holdings in JPMorgan Chase & Co. were worth $638,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Nuveen Asset Management LLC boosted its position in shares of JPMorgan Chase & Co. by 2,432.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 23,689,599 shares of the financial services provider’s stock worth $2,648,497,000 after acquiring an additional 22,754,332 shares in the last quarter. Invesco Ltd. boosted its position in shares of JPMorgan Chase & Co. by 39.8% during the 2nd quarter. Invesco Ltd. now owns 23,689,706 shares of the financial services provider’s stock worth $2,648,509,000 after acquiring an additional 6,745,215 shares in the last quarter. Thoroughbred Financial Services LLC boosted its position in shares of JPMorgan Chase & Co. by 11,601.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 4,973,970 shares of the financial services provider’s stock worth $497,397,000 after acquiring an additional 4,931,461 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter worth approximately $331,575,000. Finally, Amundi Pioneer Asset Management Inc. boosted its position in shares of JPMorgan Chase & Co. by 43.3% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 7,563,083 shares of the financial services provider’s stock worth $845,552,000 after acquiring an additional 2,283,575 shares in the last quarter. Hedge funds and other institutional investors own 71.89% of the company’s stock.

Several analysts recently issued reports on JPM shares. DZ Bank reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, August 21st. Wells Fargo & Co set a $125.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, August 16th. Royal Bank of Canada set a $120.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Monday, October 7th. Credit Suisse Group set a $135.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday. Finally, ValuEngine upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $122.59.

In related news, Director Mellody L. Hobson acquired 18,200 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $109.91 per share, with a total value of $2,000,362.00. Following the purchase, the director now directly owns 7,804 shares in the company, valued at $857,737.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lori A. Beer sold 13,341 shares of the stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the completion of the transaction, the insider now directly owns 10,130 shares of the company’s stock, valued at approximately $1,157,656.40. The disclosure for this sale can be found here. 0.76% of the stock is owned by corporate insiders.

Shares of NYSE:JPM opened at $116.14 on Friday. The company has a market cap of $360.13 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 1.63 and a beta of 1.20. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a 50 day simple moving average of $114.14 and a 200 day simple moving average of $111.46. JPMorgan Chase & Co. has a one year low of $91.11 and a one year high of $120.40.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $2.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.50 by $0.32. The business had revenue of $28.83 billion during the quarter, compared to the consensus estimate of $28.52 billion. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.29 EPS. As a group, analysts expect that JPMorgan Chase & Co. will post 9.89 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be paid a $0.90 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, October 3rd. This represents a $3.60 annualized dividend and a yield of 3.10%. JPMorgan Chase & Co.’s dividend payout ratio is presently 40.00%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

Further Reading: Buyback For Investors Defined

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

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