JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Winfield Associates Inc.
Winfield Associates Inc. lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 21.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,440 shares of the financial services provider’s stock after selling 1,500 shares during the quarter. Winfield Associates Inc.’s holdings in JPMorgan Chase & Co. were worth $524,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in JPM. Capital World Investors lifted its position in shares of JPMorgan Chase & Co. by 9.9% in the 1st quarter. Capital World Investors now owns 91,033,221 shares of the financial services provider’s stock worth $8,195,754,000 after buying an additional 8,187,609 shares during the last quarter. Nordea Investment Management AB raised its stake in JPMorgan Chase & Co. by 101.0% during the second quarter. Nordea Investment Management AB now owns 8,992,678 shares of the financial services provider’s stock worth $840,726,000 after acquiring an additional 4,518,458 shares during the period. Laidlaw Wealth Management LLC lifted its holdings in JPMorgan Chase & Co. by 20,306.8% in 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. Viking Global Investors LP lifted its holdings in JPMorgan Chase & Co. by 56.9% in the second quarter. Viking Global Investors LP now owns 6,411,486 shares of the financial services provider’s stock worth $603,064,000 after acquiring an additional 2,326,169 shares during the last quarter. Finally, Morgan Stanley boosted its stake in JPMorgan Chase & Co. by 6.4% in the first quarter. Morgan Stanley now owns 37,812,884 shares of the financial services provider’s stock valued at $3,404,295,000 after acquiring an additional 2,262,845 shares during the period. 69.35% of the stock is currently owned by institutional investors.
Several analysts recently issued reports on JPM shares. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $113.00 price target on the stock in a report on Thursday, July 9th. Berenberg Bank raised their target price on JPMorgan Chase & Co. from $77.00 to $80.00 and gave the company a “sell” rating in a research note on Monday, July 20th. Independent Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price target for the company from $100.00 to $110.00 in a report on Tuesday, September 29th. Goldman Sachs Group raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a report on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $105.00 to $115.00 in a research report on Thursday, September 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the company. JPMorgan Chase & Co. presently has a consensus rating of “Buy” and a consensus target price of $111.59.
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Monday, October 19th. The financial services provider reported $2.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.23 by $0.69. JPMorgan Chase & Co. had a net margin of 18.16% and a return on equity of 10.75%. The company had revenue of $29.90 billion for the quarter, compared to analysts’ expectations of $28.20 billion. During the same quarter in the previous year, the company posted $2.68 EPS. The business’s revenue was up 4.0% compared to the same quarter last year. On average, equities analysts predict that JPMorgan Chase & Co. will post 6.48 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be given a $0.90 dividend. The ex-dividend date is Monday, October 5th. This represents a $3.60 annualized dividend and a yield of 3.55%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 34.35%.
About JPMorgan Chase & Co.
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through 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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