Becker Capital Management Inc. Has $69.24 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Becker Capital Management Inc. raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 423,006 shares of the financial services provider’s stock after purchasing an additional 513 shares during the period. JPMorgan Chase & Co. accounts for approximately 2.9% of Becker Capital Management Inc.’s investment portfolio, making the stock its 3rd biggest position. Becker Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $69,242,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Amundi acquired a new stake in JPMorgan Chase & Co. during the 2nd quarter worth about $593,484,000. Prospera Financial Services Inc grew its holdings in JPMorgan Chase & Co. by 2,515.8% during the 2nd quarter. Prospera Financial Services Inc now owns 2,333,355 shares of the financial services provider’s stock worth $12,153,000 after acquiring an additional 2,244,152 shares during the period. Macquarie Group Ltd. grew its holdings in JPMorgan Chase & Co. by 165.8% during the 2nd quarter. Macquarie Group Ltd. now owns 2,522,918 shares of the financial services provider’s stock worth $392,415,000 after acquiring an additional 1,573,771 shares during the period. FMR LLC grew its holdings in JPMorgan Chase & Co. by 3.2% during the 2nd quarter. FMR LLC now owns 48,763,496 shares of the financial services provider’s stock worth $7,584,673,000 after acquiring an additional 1,513,407 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in JPMorgan Chase & Co. by 62.2% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,617,001 shares of the financial services provider’s stock worth $562,588,000 after acquiring an additional 1,386,752 shares during the period. 69.51% of the stock is owned by institutional investors and hedge funds.

Shares of JPMorgan Chase & Co. stock traded down $1.32 during mid-day trading on Thursday, hitting $166.96. 9,629,790 shares of the stock were exchanged, compared to its average volume of 13,020,531. JPMorgan Chase & Co. has a 12 month low of $117.77 and a 12 month high of $172.96. The company has a 50-day simple moving average of $166.07 and a 200 day simple moving average of $160.51. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $493.41 billion, a P/E ratio of 10.56, a P/E/G ratio of 2.15 and a beta of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Wednesday, October 13th. The financial services provider reported $3.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.00 by $0.74. JPMorgan Chase & Co. had a net margin of 39.41% and a return on equity of 19.89%. The firm had revenue of $29.60 billion for the quarter, compared to analysts’ expectations of $29.63 billion. During the same quarter last year, the firm earned $2.92 EPS. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. Analysts predict that JPMorgan Chase & Co. will post 14.95 EPS for the current year.

The company also recently announced a dividend, which was paid on Wednesday, November 17th. Shareholders of record on Monday, November 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 12th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.30%.

A number of analysts have weighed in on JPM shares. Morgan Stanley increased their price target on JPMorgan Chase & Co. from $150.00 to $166.00 and gave the stock an “underweight” rating in a report on Thursday, July 29th. BMO Capital Markets raised their target price on JPMorgan Chase & Co. from $139.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday, October 14th. Zacks Investment Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a research note on Tuesday, September 28th. Jefferies Financial Group raised their target price on JPMorgan Chase & Co. from $177.00 to $198.00 and gave the company a “buy” rating in a research note on Monday, October 11th. Finally, Credit Suisse Group set a $177.00 target price on JPMorgan Chase & Co. in a research note on Thursday, October 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Buy” and an average price target of $168.56.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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