Shelton Capital Management grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 61.0% in the third quarter, Holdings Channel reports. The institutional investor owned 124,713 shares of the financial services provider’s stock after acquiring an additional 47,241 shares during the quarter. Shelton Capital Management’s holdings in JPMorgan Chase & Co. were worth $12,006,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Morgan Stanley increased its position in shares of JPMorgan Chase & Co. by 6.4% in 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 in the last quarter. Neuberger Berman Group LLC increased its position in shares of JPMorgan Chase & Co. by 3.0% in the second quarter. Neuberger Berman Group LLC now owns 11,257,504 shares of the financial services provider’s stock valued at $1,058,633,000 after buying an additional 330,733 shares in the last quarter. Nordea Investment Management AB increased its position in shares of JPMorgan Chase & Co. by 101.0% in 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 in the last quarter. Principal Financial Group Inc. boosted its stake in shares of JPMorgan Chase & Co. by 1.2% in the second quarter. Principal Financial Group Inc. now owns 7,418,335 shares of the financial services provider’s stock worth $697,769,000 after acquiring an additional 85,840 shares during the last quarter. Finally, Davis Selected Advisers boosted its stake in shares of JPMorgan Chase & Co. by 1.7% in the second quarter. Davis Selected Advisers now owns 7,351,742 shares of the financial services provider’s stock worth $691,505,000 after acquiring an additional 120,847 shares during the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

NYSE:JPM opened at $114.57 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $349.23 billion, a P/E ratio of 14.98, a P/E/G ratio of 2.68 and a beta of 1.15. JPMorgan Chase & Co. has a 52 week low of $76.91 and a 52 week high of $141.10. The stock’s fifty day moving average is $103.80 and its two-hundred day moving average is $99.04.

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

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

In related news, CFO Jennifer Piepszak sold 3,297 shares of the business’s stock in a transaction on Monday, October 26th. The stock was 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 business’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $100.98, for a total value of $230,335.38. 0.78% of the stock is currently owned by insiders.

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price target for the stock from $105.00 to $115.00 in a research note on Thursday, September 3rd. Keefe, Bruyette & Woods lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $125.00 to $130.00 in a research note on Wednesday. BMO Capital Markets lifted their price target 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. Morgan Stanley reaffirmed a “buy” rating and issued a $106.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, July 27th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $126.00 price target (up from $122.00) on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the company. JPMorgan Chase & Co. has a consensus rating of “Buy” and an average target price 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.

Recommended Story: Limitations of the P/E Growth ratio

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.