AE Wealth Management LLC boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 56.7% during the third quarter, Holdings Channel reports. The fund owned 24,517 shares of the financial services provider’s stock after purchasing an additional 8,874 shares during the quarter. AE Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,342,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Chartwell Investment Partners LLC lifted its stake in shares of JPMorgan Chase & Co. by 6.7% during the third quarter. Chartwell Investment Partners LLC now owns 290,303 shares of the financial services provider’s stock worth $27,726,000 after purchasing an additional 18,140 shares in the last quarter. Stephens Inc. AR lifted its stake in shares of JPMorgan Chase & Co. by 15.1% during the third quarter. Stephens Inc. AR now owns 226,022 shares of the financial services provider’s stock worth $21,587,000 after purchasing an additional 29,640 shares in the last quarter. Waldron LP lifted its stake in shares of JPMorgan Chase & Co. by 10.5% during the third quarter. Waldron LP now owns 15,740 shares of the financial services provider’s stock worth $1,503,000 after purchasing an additional 1,490 shares in the last quarter. Lbmc Investment Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 50.2% during the third quarter. Lbmc Investment Advisors LLC now owns 3,772 shares of the financial services provider’s stock worth $360,000 after purchasing an additional 1,261 shares in the last quarter. Finally, Donaldson Capital Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 2.7% during the third quarter. Donaldson Capital Management LLC now owns 329,055 shares of the financial services provider’s stock worth $31,428,000 after purchasing an additional 8,758 shares in the last quarter. Hedge funds and other institutional investors own 73.82% of the company’s stock.

JPM has been the topic of a number of recent research reports. Bank of America set a $102.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Friday, October 13th. Buckingham Research upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research note on Thursday, December 21st. Wells Fargo & Co set a $120.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Royal Bank of Canada reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Friday, December 8th. Finally, Jefferies Group set a $111.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, October 13th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. JPMorgan Chase & Co. currently has an average rating of “Hold” and an average target price of $107.25.

In related news, CEO Mary E. Erdoes sold 65,101 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $112.25, for a total value of $7,307,587.25. Following the completion of the sale, the chief executive officer now directly owns 479,882 shares of the company’s stock, valued at $53,866,754.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James S. Crown acquired 7,280 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was purchased at an average cost of $113.37 per share, with a total value of $825,333.60. Following the completion of the acquisition, the director now owns 305,875 shares of the company’s stock, valued at $34,677,048.75. The disclosure for this purchase can be found here. Over the last three months, insiders sold 152,047 shares of company stock valued at $17,098,115. 0.88% of the stock is owned by corporate insiders.

Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at $107.88 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $374,310.00, a PE ratio of 16.91, a P/E/G ratio of 1.90 and a beta of 1.22. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $117.35.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.07. The firm had revenue of $24.15 billion during the quarter, compared to analyst estimates of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. JPMorgan Chase & Co.’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.71 earnings per share. equities analysts anticipate that JPMorgan Chase & Co. will post 8.85 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 5th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.11%.

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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.

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

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