JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by NN Investment Partners Holdings N.V.

NN Investment Partners Holdings N.V. grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 34.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 767,619 shares of the financial services provider’s stock after acquiring an additional 195,210 shares during the quarter. NN Investment Partners Holdings N.V.’s holdings in JPMorgan Chase & Co. were worth $85,819,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of JPM. Smart Portfolios LLC grew its holdings in shares of JPMorgan Chase & Co. by 29.6% during the 4th quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 114 shares during the period. Semmax Financial Advisors Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $56,000. D Orazio & Associates Inc. grew its holdings in shares of JPMorgan Chase & Co. by 62.6% during the 4th quarter. D Orazio & Associates Inc. now owns 779 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 300 shares during the period. QV Investors Inc. grew its holdings in shares of JPMorgan Chase & Co. by 9.1% during the 4th quarter. QV Investors Inc. now owns 1,315 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 110 shares during the period. Finally, Rocky Mountain Advisers LLC grew its holdings in shares of JPMorgan Chase & Co. by 143.4% during the 4th quarter. Rocky Mountain Advisers LLC now owns 1,358 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 800 shares during the period. 71.57% of the stock is owned by institutional investors.

JPM has been the subject of a number of research reports. HSBC set a $102.00 target price on JPMorgan Chase & Co. and gave the stock a “neutral” rating in a report on Thursday, April 4th. Goldman Sachs Group reiterated a “neutral” rating and set a $117.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 22nd. Credit Suisse Group boosted their target price on JPMorgan Chase & Co. from $128.00 to $132.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Royal Bank of Canada reiterated a “buy” rating and set a $120.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 16th. Finally, Morgan Stanley upped their price target on JPMorgan Chase & Co. from $124.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. JPMorgan Chase & Co. presently has an average rating of “Hold” and an average price target of $122.94.

NYSE JPM traded down $1.34 on Friday, reaching $111.60. The company had a trading volume of 2,825,441 shares, compared to its average volume of 9,773,236. The firm has a market capitalization of $366.37 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 1.66 and a beta of 1.15. JPMorgan Chase & Co. has a 1 year low of $91.11 and a 1 year high of $119.24. The firm’s 50-day moving average is $112.89. The company has a quick ratio of 1.00, a current ratio of 0.97 and a debt-to-equity ratio of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.50 by $0.32. The firm had revenue of $28.83 billion during the quarter, compared to analysts’ expectations of $28.52 billion. JPMorgan Chase & Co. had a return on equity of 14.41% and a net margin of 24.73%. JPMorgan Chase & Co.’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.29 EPS. As a group, analysts forecast that JPMorgan Chase & Co. will post 9.92 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Wednesday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio is presently 35.56%.

In other news, insider Lori A. Beer sold 13,341 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the completion of the transaction, the insider now directly owns 10,130 shares in the company, valued at approximately $1,157,656.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Peter Scher sold 10,816 shares of the stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $115.00, for a total value of $1,243,840.00. The disclosure for this sale can be found here. 0.76% of the stock is owned by corporate insiders.

About JPMorgan Chase & Co.

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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