Winthrop Advisory Group LLC Buys 261 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Winthrop Advisory Group LLC raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,242 shares of the financial services provider’s stock after purchasing an additional 261 shares during the period. Winthrop Advisory Group LLC’s holdings in JPMorgan Chase & Co. were worth $1,676,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of JPM. FMR LLC raised its stake in shares of JPMorgan Chase & Co. by 3.2% in the 2nd quarter. FMR LLC now owns 48,763,496 shares of the financial services provider’s stock valued at $7,584,673,000 after buying an additional 1,513,407 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of JPMorgan Chase & Co. by 2.5% in the 2nd quarter. Geode Capital Management LLC now owns 46,577,783 shares of the financial services provider’s stock valued at $7,222,281,000 after buying an additional 1,137,615 shares in the last quarter. Capital International Investors raised its stake in shares of JPMorgan Chase & Co. by 3.1% in the 2nd quarter. Capital International Investors now owns 39,521,621 shares of the financial services provider’s stock valued at $6,146,639,000 after buying an additional 1,199,636 shares in the last quarter. Morgan Stanley raised its stake in shares of JPMorgan Chase & Co. by 1.4% in the 2nd quarter. Morgan Stanley now owns 38,288,577 shares of the financial services provider’s stock valued at $5,955,407,000 after buying an additional 510,298 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of JPMorgan Chase & Co. by 2.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 31,178,926 shares of the financial services provider’s stock valued at $4,849,569,000 after buying an additional 743,975 shares in the last quarter. 69.51% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE JPM traded down $1.32 during mid-day trading on Thursday, hitting $166.96. The company’s stock had a trading volume of 9,629,790 shares, compared to its average volume of 13,020,531. The stock has a market cap of $493.41 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 2.15 and a beta of 1.16. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.86 and a quick ratio of 0.86. JPMorgan Chase & Co. has a one year low of $117.77 and a one year high of $172.96. The company’s fifty day simple moving average is $166.07 and its 200-day simple moving average is $160.51.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Wednesday, October 13th. The financial services provider reported $3.74 earnings per share for the quarter, topping the 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 business had revenue of $29.60 billion for the quarter, compared to analyst estimates of $29.63 billion. During the same quarter last year, the firm earned $2.92 EPS. JPMorgan Chase & Co.’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 14.95 EPS for the current year.

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

JPM has been the subject of a number of recent analyst reports. Morgan Stanley increased their target price on shares of JPMorgan Chase & Co. from $150.00 to $166.00 and gave the stock an “underweight” rating in a research report on Thursday, July 29th. Royal Bank of Canada increased their target price on shares of JPMorgan Chase & Co. from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, October 14th. The Goldman Sachs Group set a $198.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 13th. Wells Fargo & Company increased their target price on shares of JPMorgan Chase & Co. from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, October 25th. Finally, Barclays increased their target price on shares of JPMorgan Chase & Co. from $187.00 to $193.00 and gave the stock an “overweight” rating in a research report on Friday, October 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus 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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