Steigerwald Gordon & Koch Inc. Boosts Stake in JPMorgan Chase & Co. (NYSE:JPM)

Steigerwald Gordon & Koch Inc. raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,995 shares of the financial services provider’s stock after buying an additional 4,004 shares during the quarter. JPMorgan Chase & Co. comprises about 2.5% of Steigerwald Gordon & Koch Inc.’s holdings, making the stock its 16th largest position. Steigerwald Gordon & Koch Inc.’s holdings in JPMorgan Chase & Co. were worth $10,493,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the stock. Capital World Investors lifted its stake in shares of JPMorgan Chase & Co. by 9.9% in the 1st quarter. Capital World Investors now owns 91,033,221 shares of the financial services provider’s stock valued at $8,195,754,000 after acquiring an additional 8,187,609 shares during the last quarter. Morgan Stanley boosted its holdings in JPMorgan Chase & Co. by 6.4% in the first quarter. Morgan Stanley now owns 37,812,884 shares of the financial services provider’s stock valued at $3,404,295,000 after acquiring an additional 2,262,845 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in JPMorgan Chase & Co. by 3.0% in the second quarter. Neuberger Berman Group LLC now owns 11,257,504 shares of the financial services provider’s stock valued at $1,058,633,000 after acquiring an additional 330,733 shares in the last quarter. Nordea Investment Management AB lifted its position in JPMorgan Chase & Co. by 101.0% during the second quarter. Nordea Investment Management AB now owns 8,992,678 shares of the financial services provider’s stock valued at $840,726,000 after buying an additional 4,518,458 shares during the period. Finally, Principal Financial Group Inc. lifted its position in JPMorgan Chase & Co. by 1.2% during the second quarter. Principal Financial Group Inc. now owns 7,418,335 shares of the financial services provider’s stock valued at $697,769,000 after buying an additional 85,840 shares during the period. Institutional investors and hedge funds own 69.35% of the company’s stock.

Several equities analysts have commented on JPM shares. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $113.00 price objective for the company in a research report on Thursday, July 9th. BMO Capital Markets lifted their price target on JPMorgan Chase & Co. from $117.00 to $119.00 and gave the stock a “market perform” rating in a research report on Wednesday. Morgan Stanley reaffirmed a “buy” rating and issued a $106.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, July 27th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $110.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday. Finally, Seaport Global Securities started coverage on JPMorgan Chase & Co. in a research report on Wednesday, July 8th. They issued a “buy” rating and a $119.00 price target for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $111.59.

Shares of NYSE:JPM opened at $101.51 on Friday. JPMorgan Chase & Co. has a fifty-two week low of $76.91 and a fifty-two week high of $141.10. The business has a 50-day simple moving average of $99.36 and a two-hundred day simple moving average of $96.79. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $309.36 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 3.16 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Monday, October 19th. The financial services provider reported $2.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.23 by $0.69. The business had revenue of $29.90 billion during the quarter, compared to the consensus estimate of $28.20 billion. JPMorgan Chase & Co. had a return on equity of 10.75% and a net margin of 18.16%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.68 EPS. As a group, research analysts predict that JPMorgan Chase & Co. will post 6.48 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Monday, October 5th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.55%. JPMorgan Chase & Co.’s dividend payout ratio is currently 34.35%.

JPMorgan Chase & Co. Company 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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