JPMorgan Chase & Co. (JPM) Position Boosted by Artemis Investment Management LLP

Artemis Investment Management LLP increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 105.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,065,738 shares of the financial services provider’s stock after acquiring an additional 546,066 shares during the quarter. JPMorgan Chase & Co. comprises about 2.1% of Artemis Investment Management LLP’s portfolio, making the stock its 8th largest holding. Artemis Investment Management LLP’s holdings in JPMorgan Chase & Co. were worth $101,762,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of JPM. Private Vista LLC purchased a new stake in JPMorgan Chase & Co. during the second quarter valued at $102,000. Kohmann Bosshard Financial Services LLC purchased a new stake in JPMorgan Chase & Co. during the third quarter valued at $102,000. Atlantic Trust LLC purchased a new stake in JPMorgan Chase & Co. during the second quarter valued at $136,000. Northwest Investment Counselors LLC purchased a new stake in JPMorgan Chase & Co. during the second quarter valued at $165,000. Finally, Capital Advisors Ltd. LLC raised its stake in JPMorgan Chase & Co. by 53.0% during the second quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 670 shares in the last quarter. Hedge funds and other institutional investors own 73.76% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 11th. Deutsche Bank downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and increased their target price for the company from $90.00 to $96.00 in a research note on Tuesday, September 26th. Robert W. Baird reissued a “hold” rating and issued a $88.00 target price on shares of JPMorgan Chase & Co. in a research note on Thursday, September 21st. Royal Bank of Canada reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Friday, December 8th. Finally, Jefferies Group reissued a “buy” rating and issued a $102.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday, September 15th. Three research 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’s stock. The stock has an average rating of “Hold” and a consensus price target of $99.41.

In related news, General Counsel Stacey Friedman sold 2,099 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following 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 legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.88% of the company’s stock.

JPMorgan Chase & Co. (NYSE:JPM) opened at $110.84 on Friday. The company has a market cap of $384,580.00, a PE ratio of 15.90, a P/E/G ratio of 2.04 and a beta of 1.22. JPMorgan Chase & Co. has a 12 month low of $81.64 and a 12 month high of $110.93. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37.

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

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

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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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