Payden & Rygel lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 4.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 445,817 shares of the financial services provider’s stock after buying an additional 19,100 shares during the period. JPMorgan Chase & Co. makes up approximately 2.5% of Payden & Rygel’s investment portfolio, making the stock its biggest position. Payden & Rygel’s holdings in JPMorgan Chase & Co. were worth $42,919,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of JPM. Laidlaw Wealth Management LLC lifted its stake in JPMorgan Chase & Co. by 20,306.8% during the second quarter. Laidlaw Wealth Management LLC now owns 2,810,830 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 2,797,056 shares during the last quarter. Provident Wealth Management LLC bought a new stake in JPMorgan Chase & Co. during the third quarter worth $34,000. FAI Wealth Management lifted its stake in JPMorgan Chase & Co. by 317.0% during the second quarter. FAI Wealth Management now owns 417 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 317 shares during the last quarter. Marshall & Sullivan Inc. WA bought a new stake in JPMorgan Chase & Co. during the third quarter worth $43,000. Finally, Eukles Asset Management lifted its stake in JPMorgan Chase & Co. by 28.7% during the third quarter. Eukles Asset Management now owns 533 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 119 shares during the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

In related news, CFO Jennifer Piepszak sold 3,297 shares of the firm’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $101.11, for a total value of $333,359.67. Also, insider Nicole Giles sold 2,281 shares of the firm’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $100.98, for a total transaction of $230,335.38. 0.78% of the stock is owned by corporate insiders.

JPM has been the subject of several recent analyst reports. BMO Capital Markets upped their target price on JPMorgan Chase & Co. from $117.00 to $119.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 14th. Royal Bank of Canada restated a “buy” rating and set a $110.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 14th. The Goldman Sachs Group upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a report on Friday, July 24th. Morgan Stanley reiterated a “buy” rating and set a $106.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 27th. Finally, Independent Research upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price target for the stock from $100.00 to $110.00 in a report on Tuesday, September 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $111.34.

Shares of JPMorgan Chase & Co. stock opened at $114.57 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.16. The business has a 50-day moving average price of $103.80 and a two-hundred day moving average price of $99.04. JPMorgan Chase & Co. has a 1-year low of $76.91 and a 1-year high of $141.10. The company has a market cap of $349.23 billion, a P/E ratio of 14.98, a PEG ratio of 2.68 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Monday, October 19th. The financial services provider reported $2.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.23 by $0.69. The company had revenue of $29.90 billion for the quarter, compared to analysts’ expectations of $28.20 billion. JPMorgan Chase & Co. had a net margin of 19.16% and a return on equity of 10.85%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.68 EPS. Equities research analysts forecast that JPMorgan Chase & Co. will post 7.47 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Monday, October 5th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.14%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 34.35%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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