JPMorgan Chase & Co. (JPM) is Dupont Capital Management Corp’s 7th Largest Position

Dupont Capital Management Corp lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.0% during the third quarter, Holdings Channel reports. The institutional investor owned 517,868 shares of the financial services provider’s stock after purchasing an additional 14,887 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.1% of Dupont Capital Management Corp’s investment portfolio, making the stock its 7th largest holding. Dupont Capital Management Corp’s holdings in JPMorgan Chase & Co. were worth $49,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Andra AP fonden raised its holdings in JPMorgan Chase & Co. by 2.0% in the 3rd quarter. Andra AP fonden now owns 115,600 shares of the financial services provider’s stock worth $11,041,000 after purchasing an additional 2,300 shares during the period. Middleton & Co Inc MA raised its holdings in JPMorgan Chase & Co. by 32.2% in the 3rd quarter. Middleton & Co Inc MA now owns 115,982 shares of the financial services provider’s stock worth $11,077,000 after purchasing an additional 28,258 shares during the period. Concorde Asset Management LLC raised its holdings in JPMorgan Chase & Co. by 54.5% in the 3rd quarter. Concorde Asset Management LLC now owns 12,479 shares of the financial services provider’s stock worth $1,193,000 after purchasing an additional 4,401 shares during the period. SignalPoint Asset Management LLC bought a new position in JPMorgan Chase & Co. in the 3rd quarter worth $469,000. Finally, Villere ST Denis J & Co. LLC raised its holdings in JPMorgan Chase & Co. by 4.5% in the 3rd quarter. Villere ST Denis J & Co. LLC now owns 142,615 shares of the financial services provider’s stock worth $13,621,000 after purchasing an additional 6,185 shares during the period. Hedge funds and other institutional investors own 73.76% of the company’s stock.

A number of equities analysts recently commented on JPM shares. Bank of America set a $102.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, October 13th. Jefferies Group reaffirmed a “buy” rating and issued a $102.00 target price on shares of JPMorgan Chase & Co. in a report on Friday, September 15th. Credit Suisse Group reaffirmed a “buy” rating and issued a $110.00 target price (up from $103.00) on shares of JPMorgan Chase & Co. in a report on Monday, October 9th. They noted that the move was a valuation call. Royal Bank of Canada reaffirmed a “buy” rating and issued a $105.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, November 15th. Finally, Wells Fargo & Co set a $120.00 target price 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 fifteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $102.52.

In related news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value 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 $1,557,846.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.88% of the company’s stock.

Shares of JPMorgan Chase & Co. (JPM) opened at $112.67 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $390,930.00, a P/E ratio of 16.16, a P/E/G ratio of 2.04 and a beta of 1.22. JPMorgan Chase & Co. has a twelve month low of $81.64 and a twelve month high of $112.85.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 11.68% and a net margin of 24.08%. JPMorgan Chase & Co.’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.71 earnings per share. research analysts expect that JPMorgan Chase & Co. will post 6.91 EPS for the current fiscal year.

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 32.14%.

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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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