Oakbrook Investments LLC Has $16.83 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Oakbrook Investments LLC increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 149,114 shares of the financial services provider’s stock after purchasing an additional 1,780 shares during the period. JPMorgan Chase & Co. makes up 0.9% of Oakbrook Investments LLC’s holdings, making the stock its 27th largest position. Oakbrook Investments LLC’s holdings in JPMorgan Chase & Co. were worth $16,826,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. Derby & Company Inc. acquired a new stake in JPMorgan Chase & Co. during the first quarter valued at $370,000. Summit Trail Advisors LLC raised its holdings in JPMorgan Chase & Co. by 10,129.2% during the first quarter. Summit Trail Advisors LLC now owns 6,914,142 shares of the financial services provider’s stock valued at $6,914,000 after buying an additional 6,846,550 shares in the last quarter. BDO Wealth Advisors LLC raised its holdings in JPMorgan Chase & Co. by 15.7% during the first quarter. BDO Wealth Advisors LLC now owns 27,352 shares of the financial services provider’s stock valued at $3,008,000 after buying an additional 3,717 shares in the last quarter. Ashburton Jersey Ltd raised its holdings in JPMorgan Chase & Co. by 2.7% during the first quarter. Ashburton Jersey Ltd now owns 172,236 shares of the financial services provider’s stock valued at $18,941,000 after buying an additional 4,482 shares in the last quarter. Finally, Suntrust Banks Inc. raised its holdings in JPMorgan Chase & Co. by 13.8% during the first quarter. Suntrust Banks Inc. now owns 1,204,326 shares of the financial services provider’s stock valued at $132,439,000 after buying an additional 146,064 shares in the last quarter. Institutional investors own 70.12% of the company’s stock.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson acquired 1,150 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, October 19th. The stock was bought at an average cost of $108.94 per share, for a total transaction of $125,281.00. Following the purchase, the director now directly owns 2,632 shares in the company, valued at approximately $286,730.08. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.73% of the stock is currently owned by corporate insiders.

Shares of NYSE JPM opened at $99.91 on Monday. The firm has a market capitalization of $344.57 billion, a P/E ratio of 14.54, a P/E/G ratio of 1.52 and a beta of 1.15. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.01 and a quick ratio of 1.01. JPMorgan Chase & Co. has a 1-year low of $91.11 and a 1-year high of $119.33.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, October 12th. The financial services provider reported $2.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.24 by $0.10. The firm had revenue of $27.26 billion during the quarter, compared to analyst estimates of $27.20 billion. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. During the same period in the prior year, the business earned $1.76 EPS. Sell-side analysts expect that JPMorgan Chase & Co. will post 9.22 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Investors of record on Friday, January 4th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Thursday, January 3rd. JPMorgan Chase & Co.’s payout ratio is presently 46.58%.

JPM has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price objective on JPMorgan Chase & Co. from $131.00 to $124.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 8th. Jefferies Financial Group lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $101.20 price objective on the stock. in a research note on Tuesday, January 8th. ValuEngine upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Barclays lifted their price objective on JPMorgan Chase & Co. from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 2nd. Finally, Zacks Investment Research restated a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Monday, December 31st. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus target price of $121.68.

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JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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