JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by TD Asset Management Inc.

TD Asset Management Inc. increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 9.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,247,516 shares of the financial services provider’s stock after purchasing an additional 376,306 shares during the period. TD Asset Management Inc. owned 0.14% of JPMorgan Chase & Co. worth $408,909,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Laidlaw Wealth Management LLC lifted its stake in JPMorgan Chase & Co. by 20,306.8% during the 2nd quarter. Laidlaw Wealth Management LLC now owns 2,810,830 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 2,797,056 shares during the period. Provident Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at approximately $34,000. FAI Wealth Management lifted its stake in JPMorgan Chase & Co. by 317.0% during the 2nd quarter. FAI Wealth Management now owns 417 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 317 shares during the period. Marshall & Sullivan Inc. WA acquired a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at approximately $43,000. Finally, Eukles Asset Management lifted its stake in JPMorgan Chase & Co. by 28.7% during the 3rd quarter. Eukles Asset Management now owns 533 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 119 shares during the period. Institutional investors own 69.35% of the company’s stock.

JPMorgan Chase & Co. stock opened at $114.57 on Friday. JPMorgan Chase & Co. has a 52-week low of $76.91 and a 52-week high of $141.10. The firm has a market capitalization of $349.23 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 2.68 and a beta of 1.15. The company has a fifty day simple moving average of $103.80 and a 200-day simple moving average of $99.04. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Monday, October 19th. The financial services provider reported $2.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.23 by $0.69. JPMorgan Chase & Co. had a net margin of 19.16% and a return on equity of 10.85%. The business had revenue of $29.90 billion during the quarter, compared to analyst estimates of $28.20 billion. During the same quarter in the prior year, the firm earned $2.68 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, research analysts anticipate that JPMorgan Chase & Co. will post 7.47 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend was Monday, October 5th. JPMorgan Chase & Co.’s payout ratio is 34.35%.

Several brokerages have commented on JPM. Independent Research upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $110.00 in a research note on Tuesday, September 29th. TheStreet upgraded shares of JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a research note on Tuesday, August 4th. Credit Suisse Group reiterated a “buy” rating and issued a $126.00 target price (up from $122.00) on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 14th. Royal Bank of Canada reiterated a “buy” rating and issued a $110.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 14th. Finally, Keefe, Bruyette & Woods cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $125.00 to $130.00 in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $111.34.

In other news, insider Nicole Giles sold 2,281 shares of the business’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $100.98, for a total transaction of $230,335.38. Also, CFO Jennifer Piepszak sold 3,297 shares of the business’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $101.11, for a total transaction of $333,359.67. Insiders own 0.78% of the company’s stock.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in 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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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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