JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Hollencrest Capital Management

Hollencrest Capital Management boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 18.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 19,307 shares of the financial services provider’s stock after acquiring an additional 3,033 shares during the quarter. Hollencrest Capital Management’s holdings in JPMorgan Chase & Co. were worth $3,161,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Amundi acquired a new stake in JPMorgan Chase & Co. during the 2nd quarter worth $593,484,000. Prospera Financial Services Inc boosted its stake 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 purchasing an additional 2,244,152 shares during the last quarter. Macquarie Group Ltd. raised its holdings in shares of 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 raised its holdings in shares of 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 raised its holdings in shares of 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 currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on the company. BMO Capital Markets lifted their price target on JPMorgan Chase & Co. from $139.00 to $140.00 and gave the stock a “market perform” rating in a report on Thursday, October 14th. Barclays lifted their price target on JPMorgan Chase & Co. from $187.00 to $193.00 and gave the stock an “overweight” rating in a report on Friday, October 15th. Royal Bank of Canada boosted their price objective on shares of JPMorgan Chase & Co. from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, October 14th. Morgan Stanley boosted their price objective on shares of JPMorgan Chase & Co. from $150.00 to $166.00 and gave the company an “underweight” rating in a report on Thursday, July 29th. Finally, Berenberg Bank set a $125.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, October 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Buy” and an average target price of $168.56.

Shares of JPMorgan Chase & Co. stock opened at $166.96 on Thursday. JPMorgan Chase & Co. has a one year low of $117.77 and a one year high of $172.96. The company has a market cap of $493.41 billion, a PE ratio of 10.56, a P/E/G ratio of 2.15 and a beta of 1.16. 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 business has a 50-day simple moving average of $166.07 and a 200-day simple moving average of $160.51.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Wednesday, October 13th. The financial services provider reported $3.74 EPS for the quarter, topping the Zacks’ consensus estimate of $3.00 by $0.74. JPMorgan Chase & Co. had a return on equity of 19.89% and a net margin of 39.41%. The business had revenue of $29.60 billion during the quarter, compared to the consensus estimate of $29.63 billion. During the same period in the previous year, the company posted $2.92 earnings per share. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 14.95 earnings per share for the current fiscal year.

The business also recently disclosed a dividend, which was paid on Wednesday, November 17th. Stockholders 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 presently 25.30%.

JPMorgan Chase & Co. 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.

Featured Article: Dividend Reinvestment Plan (DRIP)

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.