Sarasin & Partners LLP Raises Stake in JPMorgan Chase & Co. (NYSE:JPM)
Sarasin & Partners LLP boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 20.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 748,407 shares of the financial services provider’s stock after acquiring an additional 125,507 shares during the period. Sarasin & Partners LLP’s holdings in JPMorgan Chase & Co. were worth $108,534,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. Atlas Private Wealth Management increased its stake in JPMorgan Chase & Co. by 11.7% during the 2nd quarter. Atlas Private Wealth Management now owns 27,106 shares of the financial services provider’s stock valued at $3,942,000 after purchasing an additional 2,834 shares in the last quarter. Hilltop Holdings Inc. grew its stake in shares of JPMorgan Chase & Co. by 4.4% in the second quarter. Hilltop Holdings Inc. now owns 34,079 shares of the financial services provider’s stock worth $4,956,000 after acquiring an additional 1,439 shares during the period. Checchi Capital Advisers LLC grew its position in JPMorgan Chase & Co. by 4.4% during the second quarter. Checchi Capital Advisers LLC now owns 39,447 shares of the financial services provider’s stock valued at $5,737,000 after buying an additional 1,652 shares during the period. Geneos Wealth Management Inc. grew its position in JPMorgan Chase & Co. by 14.0% during the second quarter. Geneos Wealth Management Inc. now owns 50,991 shares of the financial services provider’s stock valued at $7,416,000 after buying an additional 6,264 shares during the period. Finally, Joseph Group Capital Management grew its position in JPMorgan Chase & Co. by 7.6% during the second quarter. Joseph Group Capital Management now owns 12,958 shares of the financial services provider’s stock valued at $1,885,000 after buying an additional 916 shares during the period. 68.94% of the stock is owned by hedge funds and other institutional investors.
JPMorgan Chase & Co. Trading Up 0.5 %
Shares of JPM opened at $164.81 on Friday. The company has a market cap of $476.47 billion, a P/E ratio of 9.84, a P/E/G ratio of 1.94 and a beta of 1.13. JPMorgan Chase & Co. has a twelve month low of $123.11 and a twelve month high of $165.28. The company’s fifty day simple moving average is $149.36 and its 200-day simple moving average is $147.91. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.25.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its quarterly earnings results on Friday, October 13th. The financial services provider reported $4.33 EPS for the quarter, topping the consensus estimate of $3.95 by $0.38. The company had revenue of $40.69 billion for the quarter, compared to the consensus estimate of $39.63 billion. JPMorgan Chase & Co. had a net margin of 22.79% and a return on equity of 17.97%. The firm’s revenue was up 24.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.12 EPS. As a group, analysts expect that JPMorgan Chase & Co. will post 16.62 EPS for the current year.
JPMorgan Chase & Co. Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.07%.
Analysts Set New Price Targets
Several equities analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of JPMorgan Chase & Co. from $187.00 to $191.00 and gave the company an “overweight” rating in a report on Monday, October 16th. Evercore ISI lifted their price target on shares of JPMorgan Chase & Co. from $158.00 to $167.00 in a report on Thursday, October 5th. Jefferies Financial Group lowered their target price on shares of JPMorgan Chase & Co. from $176.00 to $169.00 in a report on Tuesday, October 10th. BMO Capital Markets boosted their target price on shares of JPMorgan Chase & Co. from $167.00 to $171.00 and gave the stock a “market perform” rating in a report on Monday, October 16th. Finally, HSBC began coverage on shares of JPMorgan Chase & Co. in a report on Thursday, September 7th. They issued a “hold” rating and a $159.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.80.
View Our Latest Research Report on JPM
Insider Buying and Selling
In other JPMorgan Chase & Co. news, CEO Marianne Lake sold 32,243 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $160.00, for a total transaction of $5,158,880.00. Following the transaction, the chief executive officer now owns 131,962 shares of the company’s stock, valued at approximately $21,113,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.79% of the stock is currently owned by insiders.
JPMorgan Chase & Co. Profile (Free Report)
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, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.
Further Reading
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Original: MarketBeat News Feed: Sarasin & Partners LLP Raises Stake in JPMorgan Chase & Co. (NYSE:JPM)