Chartwell Investment Partners LLC raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 6.7% in the third quarter, Holdings Channel reports. The fund owned 290,303 shares of the financial services provider’s stock after acquiring an additional 18,140 shares during the period. JPMorgan Chase & Co. comprises 0.9% of Chartwell Investment Partners LLC’s portfolio, making the stock its 5th biggest holding. Chartwell Investment Partners LLC’s holdings in JPMorgan Chase & Co. were worth $27,726,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of JPM. Private Vista LLC purchased a new stake in JPMorgan Chase & Co. during the second quarter valued at about $102,000. Kohmann Bosshard Financial Services LLC purchased a new stake in JPMorgan Chase & Co. during the third quarter valued at about $102,000. Welch Investments LLC purchased a new stake in JPMorgan Chase & Co. during the third quarter valued at about $103,000. Legacy Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the third quarter valued at about $106,000. Finally, Atlantic Trust LLC purchased a new stake in JPMorgan Chase & Co. during the second quarter valued at about $136,000. 73.82% of the stock is owned by institutional investors.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 16,434 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the transaction, the insider now owns 98,811 shares in the company, valued at $11,088,570.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Peter Scher sold 17,057 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $112.20, for a total value of $1,913,795.40. Following the transaction, the executive vice president now owns 15,310 shares in the company, valued at approximately $1,717,782. The disclosure for this sale can be found here. In the last quarter, insiders have sold 152,047 shares of company stock worth $17,098,115. Corporate insiders own 0.88% of the company’s stock.

JPMorgan Chase & Co. (JPM) opened at $107.88 on Friday. JPMorgan Chase & Co. has a twelve month low of $81.64 and a twelve month high of $117.35. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $374,310.00, a P/E ratio of 16.91, a price-to-earnings-growth ratio of 1.90 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The company had revenue of $24.15 billion for the quarter, compared to the consensus estimate of $24.87 billion. During the same quarter last year, the company posted $1.71 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. equities research analysts forecast that JPMorgan Chase & Co. will post 8.85 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th were issued a dividend of $0.56 per share. The ex-dividend date was Thursday, January 4th. This represents a $2.24 annualized dividend and a yield of 2.08%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.11%.

A number of research firms have commented on JPM. ValuEngine raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Vetr upgraded JPMorgan Chase & Co. from a “strong sell” rating to a “sell” rating and set a $102.07 target price on the stock in a report on Tuesday. Morgan Stanley upped their target price on JPMorgan Chase & Co. from $128.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Robert W. Baird upped their target price on JPMorgan Chase & Co. from $88.00 to $92.00 and gave the company a “neutral” rating in a report on Friday, October 13th. Finally, Oppenheimer reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a report on Thursday, October 12th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the stock. JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average target price of $107.25.

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JPMorgan Chase & Co. 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.

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

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