TD Asset Management Inc. raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 9.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,247,516 shares of the financial services provider’s stock after acquiring an additional 376,306 shares during the period. TD Asset Management Inc.’s holdings in JPMorgan Chase & Co. were worth $408,909,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in JPM. Laidlaw Wealth Management LLC grew its position in shares of 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 acquiring an additional 2,797,056 shares during the last quarter. Provident Wealth Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the third quarter worth approximately $34,000. FAI Wealth Management grew its position in shares of 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 acquiring an additional 317 shares during the last quarter. Marshall & Sullivan Inc. WA purchased a new position in shares of JPMorgan Chase & Co. during the third quarter worth approximately $43,000. Finally, Eukles Asset Management grew its position in shares of 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 acquiring an additional 119 shares during the last quarter. Institutional investors own 69.35% of the company’s stock.

In other news, CFO Jennifer Piepszak sold 3,297 shares of the firm’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 firm’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. Company insiders own 0.78% of the company’s stock.

A number of equities analysts have recently issued reports on JPM shares. The Goldman Sachs Group upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research report on Friday, July 24th. Keefe, Bruyette & Woods downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $125.00 to $130.00 in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price target for the stock from $105.00 to $115.00 in a report on Thursday, September 3rd. TheStreet raised JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a report on Tuesday, August 4th. Finally, BMO Capital Markets increased their price target on JPMorgan Chase & Co. from $117.00 to $119.00 and gave the stock a “market perform” rating in a report on Wednesday, October 14th. One equities research 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’s stock. JPMorgan Chase & Co. has an average rating of “Buy” and an average price target of $111.34.

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

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

The company also recently declared a quarterly dividend, which was paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date was Monday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 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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