JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Valmark Advisers Inc.

Valmark Advisers Inc. raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 32.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,867 shares of the financial services provider’s stock after acquiring an additional 1,426 shares during the period. Valmark Advisers Inc.’s holdings in JPMorgan Chase & Co. were worth $690,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Nuveen Asset Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 2,432.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 23,689,599 shares of the financial services provider’s stock valued at $2,648,497,000 after purchasing an additional 22,754,332 shares during the period. Invesco Ltd. lifted its stake in shares of JPMorgan Chase & Co. by 39.8% in the 2nd quarter. Invesco Ltd. now owns 23,689,706 shares of the financial services provider’s stock valued at $2,648,509,000 after purchasing an additional 6,745,215 shares during the period. Thoroughbred Financial Services LLC lifted its stake in shares of JPMorgan Chase & Co. by 11,601.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 4,973,970 shares of the financial services provider’s stock valued at $497,397,000 after purchasing an additional 4,931,461 shares during the period. Renaissance Technologies LLC acquired a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $331,575,000. Finally, Amundi Pioneer Asset Management Inc. lifted its stake in shares of JPMorgan Chase & Co. by 43.3% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 7,563,083 shares of the financial services provider’s stock valued at $845,552,000 after purchasing an additional 2,283,575 shares during the period. Institutional investors and hedge funds own 73.24% of the company’s stock.

Shares of JPMorgan Chase & Co. stock traded up $0.72 during trading hours on Friday, reaching $129.32. 4,581,388 shares of the company’s stock were exchanged, compared to its average volume of 10,570,214. JPMorgan Chase & Co. has a 1 year low of $91.11 and a 1 year high of $131.29. The company has a market capitalization of $405.11 billion, a P/E ratio of 14.37, a price-to-earnings-growth ratio of 1.81 and a beta of 1.21. The business has a fifty day moving average of $121.84 and a two-hundred day moving average of $114.41. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.26.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.45 by $0.23. JPMorgan Chase & Co. had a net margin of 24.70% and a return on equity of 14.63%. The business had revenue of $29.34 billion during the quarter, compared to analyst estimates of $28.36 billion. During the same quarter in the prior year, the firm earned $2.34 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, research analysts predict that JPMorgan Chase & Co. will post 10.17 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were issued a dividend of $0.90 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. The ex-dividend date was Thursday, October 3rd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.78%. JPMorgan Chase & Co.’s dividend payout ratio is presently 40.00%.

In related news, insider Nicole Giles sold 863 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $126.73, for a total value of $109,367.99. Following the completion of the sale, the insider now owns 8,949 shares of the company’s stock, valued at $1,134,106.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Daniel E. Pinto sold 64,198 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $130.91, for a total transaction of $8,404,160.18. Following the completion of the sale, the chief executive officer now directly owns 451,481 shares of the company’s stock, valued at approximately $59,103,377.71. The disclosure for this sale can be found here. Insiders have sold 152,944 shares of company stock valued at $19,088,970 in the last ninety days. Insiders own 0.76% of the company’s stock.

Several equities research analysts recently commented on the stock. Wells Fargo & Co set a $125.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, August 16th. DZ Bank reissued a “hold” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, August 21st. ValuEngine raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Societe Generale lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Finally, Buckingham Research lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $122.00 price target for the company. in a report on Monday, September 16th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $123.02.

JPMorgan Chase & Co. Profile

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.

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

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