Northwestern Mutual Investment Management Company LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 37.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 302,477 shares of the financial services provider’s stock after buying an additional 82,646 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in JPMorgan Chase & Co. were worth $18,796,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in JPM. Jackson Grant Investment Advisers Inc. boosted its position in shares of JPMorgan Chase & Co. by 0.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 2,014 shares of the financial services provider’s stock valued at $125,000 after buying an additional 14 shares during the period. Vigilant Capital Management LLC boosted its position in shares of JPMorgan Chase & Co. by 22.1% in the second quarter. Vigilant Capital Management LLC now owns 2,079 shares of the financial services provider’s stock valued at $129,000 after buying an additional 376 shares during the period. Perkins Coie Trust Co boosted its position in shares of JPMorgan Chase & Co. by 10.2% in the second quarter. Perkins Coie Trust Co now owns 2,163 shares of the financial services provider’s stock valued at $134,000 after buying an additional 200 shares during the period. Hanson McClain Inc. boosted its position in shares of JPMorgan Chase & Co. by 1.3% in the second quarter. Hanson McClain Inc. now owns 2,384 shares of the financial services provider’s stock valued at $148,000 after buying an additional 31 shares during the period. Finally, Physicians Financial Services Inc. boosted its position in shares of JPMorgan Chase & Co. by 12.2% in the second quarter. Physicians Financial Services Inc. now owns 2,432 shares of the financial services provider’s stock valued at $151,000 after buying an additional 265 shares during the period. Hedge funds and other institutional investors own 73.77% of the company’s stock.

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

JPMorgan Chase & Co. (NYSE:JPM) traded down 0.40% during midday trading on Friday, hitting $77.71. The stock had a trading volume of 19,769,965 shares. The firm has a market cap of $278.03 billion, a P/E ratio of 13.41 and a beta of 1.51. The stock has a 50-day moving average of $68.61 and a 200-day moving average of $65.29. JPMorgan Chase & Co. has a 52 week low of $52.50 and a 52 week high of $78.42.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, October 14th. The financial services provider reported $1.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.19. The firm had revenue of $25.50 billion for the quarter. JPMorgan Chase & Co. had a return on equity of 10.47% and a net margin of 22.92%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.54 EPS. Analysts forecast that JPMorgan Chase & Co. will post $5.88 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Thursday, October 6th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Tuesday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 33.10%.

Several equities research analysts have weighed in on the company. Sandler O’Neill lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $72.00 target price on the stock. in a research report on Thursday, October 6th. Vetr raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $68.05 target price on the stock in a research report on Tuesday, August 16th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $78.00 target price on shares of JPMorgan Chase & Co. in a research report on Thursday, November 3rd. Jefferies Group increased their target price on JPMorgan Chase & Co. from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, October 10th. Finally, Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 13th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and eighteen have given a buy rating to the company’s stock. JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus target price of $72.43.

In related news, CEO Mary E. Erdoes sold 25,542 shares of the firm’s stock in a transaction on Monday, October 17th. The stock was sold at an average price of $67.26, for a total transaction of $1,717,954.92. Following the sale, the chief executive officer now owns 291,080 shares of the company’s stock, valued at approximately $19,578,040.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $69.03, for a total value of $144,893.97. Following the sale, the general counsel now directly owns 4,752 shares in the company, valued at approximately $328,030.56. The disclosure for this sale can be found here. Corporate insiders own 0.85% of the company’s stock.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

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