Vaughan David Investments Inc. IL grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 72.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 708,482 shares of the financial services provider’s stock after buying an additional 297,141 shares during the period. Vaughan David Investments Inc. IL’s holdings in JPMorgan Chase & Co. were worth $13,589,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of JPM. Vanguard Group Inc. raised its stake in shares of JPMorgan Chase & Co. by 1.5% in 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 during the last quarter. Northern Trust Corp raised its stake in shares of JPMorgan Chase & Co. by 1.8% in the second quarter. Northern Trust Corp now owns 48,965,734 shares of the financial services provider’s stock worth $4,475,468,000 after purchasing an additional 847,463 shares during the last quarter. Capital Research Global Investors raised its stake in shares of JPMorgan Chase & Co. by 2.5% in the second quarter. Capital Research Global Investors now owns 31,714,763 shares of the financial services provider’s stock worth $2,898,729,000 after purchasing an additional 765,082 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of JPMorgan Chase & Co. by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 28,683,523 shares of the financial services provider’s stock worth $2,621,677,000 after purchasing an additional 176,306 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of JPMorgan Chase & Co. by 2.1% in the second quarter. Legal & General Group Plc now owns 17,769,351 shares of the financial services provider’s stock worth $1,624,143,000 after purchasing an additional 369,878 shares during the last quarter. 73.82% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on JPM shares. Vetr cut JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 price objective for the company. in a research note on Wednesday, January 10th. Credit Suisse Group upgraded JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price objective for the company in a research note on Friday, January 5th. Vining Sparks reiterated a “buy” rating and set a $120.00 price target on shares of JPMorgan Chase & Co. in a research report on Friday, January 12th. Zacks Investment Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a research report on Thursday, January 18th. Finally, Bank of America set a $102.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $107.25.

Shares of JPMorgan Chase & Co. (JPM) opened at $112.87 on Thursday. 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 capitalization of $388,990.97, a P/E ratio of 17.92, a PEG ratio of 1.90 and a beta of 1.23. JPMorgan Chase & Co. has a 12 month low of $81.64 and a 12 month high of $117.35.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.07. The firm had revenue of $24.15 billion for the quarter, compared to analyst estimates of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.71 earnings per share. research analysts predict that JPMorgan Chase & Co. will post 8.85 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 35.56%.

In other JPMorgan Chase & Co. news, insider Peter Scher sold 26,532 shares of the business’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $113.42, for a total transaction of $3,009,259.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ashley Bacon sold 16,434 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total value of $1,844,223.48. Following the transaction, the insider now directly owns 98,811 shares in the company, valued at approximately $11,088,570.42. The disclosure for this sale can be found here. Insiders have sold 152,047 shares of company stock worth $17,098,115 in 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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