Stevens Capital Management LP purchased a new position in JPMorgan Chase & Co. (NYSE:JPM) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 251,895 shares of the financial services provider’s stock, valued at approximately $24,058,000. JPMorgan Chase & Co. accounts for approximately 0.9% of Stevens Capital Management LP’s holdings, making the stock its 16th biggest holding.

A number of other hedge funds also recently made changes to their positions in JPM. Old Mutual Global Investors UK Ltd. increased its holdings in shares of JPMorgan Chase & Co. by 20.5% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 202,934 shares of the financial services provider’s stock worth $19,382,000 after buying an additional 34,505 shares during the last quarter. Polaris Greystone Financial Group LLC increased its holdings in shares of JPMorgan Chase & Co. by 3.4% in the 3rd quarter. Polaris Greystone Financial Group LLC now owns 228,106 shares of the financial services provider’s stock worth $21,786,000 after buying an additional 7,466 shares during the last quarter. Mountain Capital Investment Advisors Inc increased its holdings in shares of JPMorgan Chase & Co. by 114.5% in the 3rd quarter. Mountain Capital Investment Advisors Inc now owns 5,654 shares of the financial services provider’s stock worth $540,000 after buying an additional 3,018 shares during the last quarter. BT Investment Management Ltd increased its holdings in shares of JPMorgan Chase & Co. by 48.5% in the 3rd quarter. BT Investment Management Ltd now owns 266,479 shares of the financial services provider’s stock worth $25,541,000 after buying an additional 86,984 shares during the last quarter. Finally, Country Trust Bank increased its holdings in shares of JPMorgan Chase & Co. by 4.7% in the 3rd quarter. Country Trust Bank now owns 721,698 shares of the financial services provider’s stock worth $68,929,000 after buying an additional 32,206 shares during the last quarter. Institutional investors and hedge funds own 73.78% of the company’s stock.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the completion of the sale, the general counsel now owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.88% of the stock is currently owned by corporate insiders.

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods restated a “hold” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, October 11th. Deutsche Bank downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and boosted their target price for the stock from $90.00 to $96.00 in a report on Tuesday, September 26th. Vining Sparks restated a “buy” rating and issued a $120.00 target price on shares of JPMorgan Chase & Co. in a report on Friday, January 12th. Robert W. Baird restated a “hold” rating and issued a $88.00 target price on shares of JPMorgan Chase & Co. in a report on Thursday, September 21st. Finally, Royal Bank of Canada restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Friday, December 8th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $104.44.

JPMorgan Chase & Co. (NYSE JPM) opened at $112.27 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.03. The company has a market cap of $389,550.00, a PE ratio of 17.60, a price-to-earnings-growth ratio of 2.01 and a beta of 1.22. JPMorgan Chase & Co. has a one year low of $81.64 and a one year high of $113.43.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.07. The business had revenue of $24.15 billion for the quarter, compared to the consensus estimate of $24.87 billion. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.71 EPS. sell-side analysts anticipate that JPMorgan Chase & Co. will post 8.41 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be given a $0.56 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 annualized dividend and a dividend yield of 2.00%. JPMorgan Chase & Co.’s payout ratio is presently 35.11%.

WARNING: This article was originally reported by Daily Political and is the property of of Daily Political. If you are viewing this article on another site, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The legal version of this article can be read at https://www.dailypolitical.com/2018/01/17/251895-shares-in-jpmorgan-chase-co-jpm-acquired-by-stevens-capital-management-lp.html.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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.