Oakworth Capital Inc. grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 103,150 shares of the financial services provider’s stock after purchasing an additional 3,331 shares during the period. JPMorgan Chase & Co. accounts for 2.4% of Oakworth Capital Inc.’s investment portfolio, making the stock its 7th biggest holding. Oakworth Capital Inc.’s holdings in JPMorgan Chase & Co. were worth $9,375,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPM. Boston Financial Mangement LLC increased its stake in shares of JPMorgan Chase & Co. by 0.6% in the 2nd quarter. Boston Financial Mangement LLC now owns 277,903 shares of the financial services provider’s stock valued at $25,400,000 after buying an additional 1,610 shares during the period. Bowling Portfolio Management LLC increased its stake in shares of JPMorgan Chase & Co. by 0.8% in the 2nd quarter. Bowling Portfolio Management LLC now owns 81,989 shares of the financial services provider’s stock valued at $7,494,000 after buying an additional 655 shares during the period. Sumitomo Life Insurance Co. increased its stake in shares of JPMorgan Chase & Co. by 9.3% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 146,253 shares of the financial services provider’s stock valued at $13,368,000 after buying an additional 12,434 shares during the period. IBM Retirement Fund increased its stake in shares of JPMorgan Chase & Co. by 67.9% in the 2nd quarter. IBM Retirement Fund now owns 86,585 shares of the financial services provider’s stock valued at $8,843,000 after buying an additional 35,018 shares during the period. Finally, Mraz Amerine & Associates Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $209,000. 73.66% of the stock is owned by institutional investors.

JPMorgan Chase & Co. (NYSE:JPM) opened at $112.43 on Wednesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01. The firm has a market capitalization of $390,100.00, a PE ratio of 17.62, a price-to-earnings-growth ratio of 1.86 and a beta of 1.22. JPMorgan Chase & Co. has a twelve month low of $81.64 and a twelve month high of $117.35.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ 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 company’s revenue for the quarter 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. equities analysts predict that JPMorgan Chase & Co. will post 8.85 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th were issued a dividend of $0.56 per share. The ex-dividend date was Thursday, January 4th. This represents a $2.24 annualized dividend and a yield of 1.99%. JPMorgan Chase & Co.’s dividend payout ratio is presently 35.11%.

JPM has been the subject of several research reports. Wells Fargo & Co lifted their target price on JPMorgan Chase & Co. from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Royal Bank of Canada reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Friday, December 8th. Barclays raised their price target on JPMorgan Chase & Co. from $105.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Societe Generale lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, Zacks Investment Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a research report on Thursday, January 18th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have assigned a buy rating to the stock. JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average target price of $108.71.

In other JPMorgan Chase & Co. news, insider Peter Scher sold 26,532 shares of JPMorgan Chase & Co. stock in a transaction dated 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 can be accessed through this link. Also, CEO Mary E. Erdoes sold 65,101 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $112.25, for a total value of $7,307,587.25. Following the transaction, the chief executive officer now owns 479,882 shares in the company, valued at $53,866,754.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 152,047 shares of company stock worth $17,098,115. Corporate insiders own 0.88% of the company’s stock.

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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 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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