Viking Fund Management LLC Has $4.32 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

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Viking Fund Management LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 31,000 shares of the financial services provider’s stock after selling 1,000 shares during the quarter. Viking Fund Management LLC’s holdings in JPMorgan Chase & Co. were worth $4,321,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Morgan Stanley raised its stake in shares of JPMorgan Chase & Co. by 5.8% during the second quarter. Morgan Stanley now owns 35,662,949 shares of the financial services provider’s stock worth $3,987,118,000 after buying an additional 1,952,873 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in JPMorgan Chase & Co. by 2,432.9% in the second quarter. Nuveen Asset Management LLC now owns 23,689,599 shares of the financial services provider’s stock valued at $2,648,497,000 after acquiring an additional 22,754,332 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in JPMorgan Chase & Co. by 1.0% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,687,342 shares of the financial services provider’s stock worth $1,493,173,000 after acquiring an additional 125,867 shares during the period. Parametric Portfolio Associates LLC grew its holdings in JPMorgan Chase & Co. by 1.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 11,292,144 shares of the financial services provider’s stock worth $1,328,972,000 after acquiring an additional 136,819 shares during the period. Finally, Boston Partners grew its holdings in JPMorgan Chase & Co. by 301.6% during the 3rd quarter. Boston Partners now owns 10,211,286 shares of the financial services provider’s stock worth $1,202,693,000 after acquiring an additional 7,668,930 shares during the period. Hedge funds and other institutional investors own 72.05% of the company’s stock.

In other JPMorgan Chase & Co. news, CEO Gordon Smith sold 11,800 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $137.04, for a total value of $1,617,072.00. Following the transaction, the chief executive officer now owns 425,690 shares of the company’s stock, valued at $58,336,557.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Daniel E. Pinto sold 64,198 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $130.91, for a total transaction of $8,404,160.18. Following the completion of the transaction, the chief executive officer now directly owns 451,481 shares in the company, valued at approximately $59,103,377.71. The disclosure for this sale can be found here. Insiders sold 121,172 shares of company stock valued at $16,158,032 over the last 90 days. Corporate insiders own 0.76% of the company’s stock.

Shares of JPM stock opened at $136.72 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.92 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12-month low of $98.09 and a 12-month high of $141.10. The firm has a fifty day moving average of $136.35 and a 200-day moving average of $121.98. The firm has a market capitalization of $435.34 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 1.89 and a beta of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, January 14th. The financial services provider reported $2.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.25. The business had revenue of $28.30 billion for the quarter, compared to the consensus estimate of $27.69 billion. JPMorgan Chase & Co. had a return on equity of 15.19% and a net margin of 25.49%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.98 EPS. Research analysts expect that JPMorgan Chase & Co. will post 10.5 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.60 dividend on an annualized basis and a yield of 2.63%. JPMorgan Chase & Co.’s payout ratio is 34.35%.

JPM has been the topic of a number of analyst reports. Robert W. Baird increased their price target on JPMorgan Chase & Co. from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. ValuEngine lowered JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, January 7th. Citigroup lifted their price objective on JPMorgan Chase & Co. from $116.00 to $140.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Societe Generale downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and set a $135.00 price objective for the company. in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the company. JPMorgan Chase & Co. presently has an average rating of “Hold” and an average price target of $135.29.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through 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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