JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Atalanta Sosnoff Capital LLC

Atalanta Sosnoff Capital LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 818,746 shares of the financial services provider’s stock after purchasing an additional 4,199 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 3.1% of Atalanta Sosnoff Capital LLC’s holdings, making the stock its 6th biggest position. Atalanta Sosnoff Capital LLC’s holdings in JPMorgan Chase & Co. were worth $134,021,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in JPM. Ironwood Wealth Management LLC. raised its stake in shares of JPMorgan Chase & Co. by 12.1% in the 1st quarter. Ironwood Wealth Management LLC. now owns 14,173 shares of the financial services provider’s stock valued at $2,158,000 after buying an additional 1,525 shares in the last quarter. Pendal Group Limited raised its stake in shares of JPMorgan Chase & Co. by 28.4% in the 1st quarter. Pendal Group Limited now owns 26,061 shares of the financial services provider’s stock valued at $3,967,000 after buying an additional 5,768 shares in the last quarter. MBL Wealth LLC raised its stake in shares of JPMorgan Chase & Co. by 11.0% in the 1st quarter. MBL Wealth LLC now owns 7,131 shares of the financial services provider’s stock valued at $1,086,000 after buying an additional 709 shares in the last quarter. Fragasso Group Inc. raised its stake in shares of JPMorgan Chase & Co. by 1.5% in the 1st quarter. Fragasso Group Inc. now owns 42,856 shares of the financial services provider’s stock valued at $6,524,000 after buying an additional 637 shares in the last quarter. Finally, Adams Chetwood Wealth Management LLC raised its stake in shares of JPMorgan Chase & Co. by 1.7% in the 1st quarter. Adams Chetwood Wealth Management LLC now owns 3,803 shares of the financial services provider’s stock valued at $579,000 after buying an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 69.51% of the company’s stock.

JPM has been the subject of a number of recent research reports. Royal Bank of Canada increased their price objective on shares of JPMorgan Chase & Co. from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, October 14th. Credit Suisse Group set a $177.00 target price on shares of JPMorgan Chase & Co. in a report on Thursday, October 14th. Berenberg Bank set a $125.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, October 18th. Wells Fargo & Company raised their target price on shares of JPMorgan Chase & Co. from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, October 25th. Finally, Morgan Stanley raised their target price on shares of JPMorgan Chase & Co. from $150.00 to $166.00 and gave the company an “underweight” rating in a research note on Thursday, July 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Buy” and an average price target of $168.56.

Shares of JPM stock opened at $166.96 on Thursday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $493.41 billion, a P/E ratio of 10.56, a price-to-earnings-growth ratio of 2.15 and a beta of 1.16. The company’s 50 day moving average price is $166.07 and its two-hundred day moving average price is $160.51. JPMorgan Chase & Co. has a 52 week low of $117.77 and a 52 week high of $172.96.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Wednesday, October 13th. The financial services provider reported $3.74 EPS for the quarter, topping the consensus estimate of $3.00 by $0.74. The firm had revenue of $29.60 billion for the quarter, compared to the consensus estimate of $29.63 billion. JPMorgan Chase & Co. had a net margin of 39.41% and a return on equity of 19.89%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the company posted $2.92 EPS. Analysts forecast that JPMorgan Chase & Co. will post 14.95 earnings per share for the current year.

The firm also recently declared a dividend, which was paid on Wednesday, November 17th. Stockholders of record on Monday, November 15th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, November 12th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.30%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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