Smith Moore & CO. grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 72.6% during the third quarter, HoldingsChannel reports. The firm owned 11,871 shares of the financial services provider’s stock after purchasing an additional 4,995 shares during the period. Smith Moore & CO.’s holdings in JPMorgan Chase & Co. were worth $1,134,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in JPM. Janus Henderson Group PLC raised its holdings in JPMorgan Chase & Co. by 517.3% during the second quarter. Janus Henderson Group PLC now owns 5,553,819 shares of the financial services provider’s stock worth $507,632,000 after purchasing an additional 4,654,113 shares in the last quarter. Alliancebernstein L.P. raised its holdings in JPMorgan Chase & Co. by 29.2% during the second quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock worth $1,595,542,000 after purchasing an additional 3,945,948 shares in the last quarter. Vanguard Group Inc. raised its holdings in JPMorgan Chase & Co. by 1.5% during the second quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock worth $22,839,729,000 after purchasing an additional 3,717,683 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in JPMorgan Chase & Co. by 40.8% during the second quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock worth $892,886,000 after purchasing an additional 2,828,726 shares in the last quarter. Finally, Harbour Capital Advisors LLC raised its holdings in JPMorgan Chase & Co. by 8,767.4% during the second quarter. Harbour Capital Advisors LLC now owns 2,794,464 shares of the financial services provider’s stock worth $30,574,000 after purchasing an additional 2,762,950 shares in the last quarter. 73.78% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. (NYSE JPM) opened at $113.01 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.03. The stock has a market cap of $392,981.16, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 1.94 and a beta of 1.22. JPMorgan Chase & Co. has a 12 month low of $81.64 and a 12 month high of $114.34.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.07. The company had revenue of $24.15 billion for the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. JPMorgan Chase & Co.’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.71 EPS. equities research analysts anticipate that JPMorgan Chase & Co. will post 8.78 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 annualized dividend and a yield of 1.98%. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.56%.

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods reissued a “hold” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, October 11th. Deutsche Bank cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and raised their price objective for the stock from $90.00 to $96.00 in a report on Tuesday, September 26th. Vining Sparks reissued a “buy” rating and set a $120.00 price objective on shares of JPMorgan Chase & Co. in a report on Friday, January 12th. Royal Bank of Canada reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Friday, December 8th. Finally, Nomura lifted their target price on shares of JPMorgan Chase & Co. from $87.00 to $91.00 and gave the company a “neutral” rating in a report on Friday, October 13th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $105.81.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the transaction, the general counsel now directly owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mary E. Erdoes sold 65,101 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.25, for a total transaction of $7,307,587.25. Following the completion of the transaction, the chief executive officer now directly owns 479,882 shares in the company, valued at $53,866,754.50. The disclosure for this sale can be found here. Insiders sold a total of 154,146 shares of company stock worth $17,312,129 over the last three months. 0.88% of the stock is currently owned by corporate insiders.

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JPMorgan Chase & Co. Company Profile

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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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

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