Cidel Asset Management Inc. Takes $213,000 Position in JPMorgan Chase & Co. (JPM)

Cidel Asset Management Inc. purchased a new stake in JPMorgan Chase & Co. (NYSE:JPM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,235 shares of the financial services provider’s stock, valued at approximately $213,000.

A number of other institutional investors also recently made changes to their positions in JPM. Pillar Pacific Capital Management LLC grew its position in shares of JPMorgan Chase & Co. by 60.9% during the third quarter. Pillar Pacific Capital Management LLC now owns 69,717 shares of the financial services provider’s stock worth $6,659,000 after acquiring an additional 26,380 shares during the last quarter. Artemis Investment Management LLP grew its position in shares of JPMorgan Chase & Co. by 105.1% during the third quarter. Artemis Investment Management LLP now owns 1,065,738 shares of the financial services provider’s stock worth $101,762,000 after acquiring an additional 546,066 shares during the last quarter. Berkshire Asset Management LLC PA grew its position in shares of JPMorgan Chase & Co. by 1.1% during the third quarter. Berkshire Asset Management LLC PA now owns 369,422 shares of the financial services provider’s stock worth $35,284,000 after acquiring an additional 3,957 shares during the last quarter. Perennial Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 3.9% during the third quarter. Perennial Advisors LLC now owns 37,443 shares of the financial services provider’s stock worth $3,576,000 after acquiring an additional 1,416 shares during the last quarter. Finally, Warren Averett Asset Management LLC grew its position in shares of JPMorgan Chase & Co. by 4.4% during the third quarter. Warren Averett Asset Management LLC now owns 16,689 shares of the financial services provider’s stock worth $1,594,000 after acquiring an additional 699 shares during the last quarter. Institutional investors own 73.76% of the company’s stock.

A number of equities analysts have recently issued reports on JPM shares. Bank of America set a $102.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, October 13th. Jefferies Group restated a “buy” rating and set a $102.00 target price on shares of JPMorgan Chase & Co. in a research report on Friday, September 15th. Credit Suisse Group restated a “buy” rating and set a $110.00 target price (up from $103.00) on shares of JPMorgan Chase & Co. in a research report on Monday, October 9th. They noted that the move was a valuation call. Royal Bank of Canada reaffirmed a “buy” rating and set a $105.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, November 15th. Finally, Wells Fargo & Co set a $120.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Wednesday, December 20th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $99.41.

JPMorgan Chase & Co. (NYSE:JPM) opened at $110.84 on Friday. The stock has a market capitalization of $384,580.00, a price-to-earnings ratio of 15.90, a PEG ratio of 2.04 and a beta of 1.22. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03. JPMorgan Chase & Co. has a one year low of $81.64 and a one year high of $110.93.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.09. The business had revenue of $25.33 billion during the quarter, compared to the consensus estimate of $24.91 billion. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The business’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.58 EPS. research analysts forecast that JPMorgan Chase & Co. will post 6.91 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 32.14%.

In other news, General Counsel Stacey Friedman sold 2,099 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the transaction, the general counsel now owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.88% of the company’s stock.

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About JPMorgan Chase & Co.

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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