Ontario Teachers Pension Plan Board Increases Stake in JPMorgan Chase & Co. $JPM

Ontario Teachers Pension Plan Board grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 10.6% during the 2nd quarter, Holdings Channel reports. The fund owned 3,265 shares of the financial services provider’s stock after buying an additional 312 shares during the period. Ontario Teachers Pension Plan Board’s holdings in JPMorgan Chase & Co. were worth $947,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of JPM. Brighton Jones LLC raised its stake in shares of JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after buying an additional 4,841 shares during the period. Acorns Advisers LLC increased its holdings in JPMorgan Chase & Co. by 6.9% in the 1st quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock worth $379,000 after acquiring an additional 100 shares in the last quarter. Gries Financial LLC raised its stake in JPMorgan Chase & Co. by 11.9% during the 1st quarter. Gries Financial LLC now owns 7,871 shares of the financial services provider’s stock worth $1,931,000 after acquiring an additional 837 shares during the period. Vista Capital Partners Inc. lifted its holdings in JPMorgan Chase & Co. by 6.4% during the first quarter. Vista Capital Partners Inc. now owns 3,625 shares of the financial services provider’s stock valued at $889,000 after purchasing an additional 219 shares in the last quarter. Finally, Van Strum & Towne Inc. boosted its position in shares of JPMorgan Chase & Co. by 4.3% in the first quarter. Van Strum & Towne Inc. now owns 39,773 shares of the financial services provider’s stock worth $9,756,000 after purchasing an additional 1,644 shares during the period. Institutional investors own 71.55% of the company’s stock.

Insiders Place Their Bets

In other news, insider Robin Leopold sold 966 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $311.92, for a total value of $301,314.72. Following the sale, the insider directly owned 58,479 shares in the company, valued at $18,240,769.68. The trade was a 1.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the transaction, the director owned 82,207 shares of the company’s stock, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their position. The SEC filing for this sale provides additional information. 0.47% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Citigroup raised their price objective on shares of JPMorgan Chase & Co. from $275.00 to $325.00 and gave the company a “neutral” rating in a research report on Wednesday, September 24th. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $345.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. Morgan Stanley boosted their price objective on JPMorgan Chase & Co. from $336.00 to $338.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 15th. UBS Group increased their target price on JPMorgan Chase & Co. from $339.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Finally, Keefe, Bruyette & Woods lifted their target price on JPMorgan Chase & Co. from $330.00 to $354.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Fifteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $326.38.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $297.93 on Tuesday. The business’s 50-day moving average is $307.20 and its 200 day moving average is $292.10. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $322.25. The company has a market capitalization of $811.04 billion, a P/E ratio of 14.76, a P/E/G ratio of 1.84 and a beta of 1.14. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.83 by $0.24. The business had revenue of $47.12 billion for the quarter, compared to the consensus estimate of $44.42 billion. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.37 EPS. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, October 6th were given a $1.50 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a yield of 2.0%. The ex-dividend date was Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.72%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.