Rosenblum Silverman Sutton S F Inc. CA lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 14.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,482 shares of the financial services provider’s stock after purchasing an additional 3,505 shares during the quarter. Rosenblum Silverman Sutton S F Inc. CA’s holdings in JPMorgan Chase & Co. were worth $2,646,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its stake in JPMorgan Chase & Co. by 101.0% during the second quarter. Nordea Investment Management AB now owns 8,992,678 shares of the financial services provider’s stock valued at $840,726,000 after buying an additional 4,518,458 shares during the last quarter. Laidlaw Wealth Management LLC raised 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 valued at $30,000 after buying an additional 2,797,056 shares during the last quarter. Viking Global Investors LP raised its stake in JPMorgan Chase & Co. by 56.9% during the second quarter. Viking Global Investors LP now owns 6,411,486 shares of the financial services provider’s stock valued at $603,064,000 after buying an additional 2,326,169 shares during the last quarter. Morgan Stanley raised its stake in JPMorgan Chase & Co. by 6.4% during the first quarter. Morgan Stanley now owns 37,812,884 shares of the financial services provider’s stock valued at $3,404,295,000 after buying an additional 2,262,845 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in JPMorgan Chase & Co. by 58.9% during the third quarter. CIBC Private Wealth Group LLC now owns 4,546,922 shares of the financial services provider’s stock valued at $437,636,000 after buying an additional 1,685,017 shares during the last quarter. Institutional investors own 69.35% of the company’s stock.

In other JPMorgan Chase & Co. news, CFO Jennifer Piepszak sold 3,297 shares of the business’s stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $101.11, for a total transaction of $333,359.67. Also, insider Nicole Giles sold 2,281 shares of the business’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $100.98, for a total value of $230,335.38. Insiders own 0.78% of the company’s stock.

JPMorgan Chase & Co. stock opened at $114.57 on Friday. The stock has a market cap of $349.23 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 2.68 and a beta of 1.15. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.88 and a current ratio of 0.88. JPMorgan Chase & Co. has a one year low of $76.91 and a one year high of $141.10. The stock has a fifty day moving average of $103.80 and a 200 day moving average of $99.04.

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

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

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $105.00 to $115.00 in a research note on Thursday, September 3rd. Independent Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $110.00 in a research note on Tuesday, September 29th. Morgan Stanley restated a “buy” rating and issued a $106.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, July 27th. Royal Bank of Canada restated a “buy” rating and issued a $110.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 14th. Finally, The Goldman Sachs Group upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $111.34.

JPMorgan Chase & Co. Company 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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