Today: Today: Old Mutual Global Investors UK Ltd. Boosts Position in JPMorgan Chase & Co. (JPM)

Today: Old Mutual Global Investors UK Ltd. Boosts Position in JPMorgan Chase & Co. (JPM)

Old Mutual Global Investors UK Ltd. raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 67.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 245,068 shares of the financial services provider’s stock after buying an additional 98,926 shares during the period. Old Mutual Global Investors UK Ltd.’s holdings in JPMorgan Chase & Co. were worth $15,228,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Acrospire Investment Management LLC bought a new position in JPMorgan Chase & Co. during the first quarter worth approximately $107,000. Vigilant Capital Management LLC increased its position in JPMorgan Chase & Co. by 22.1% in the second quarter. Vigilant Capital Management LLC now owns 2,079 shares of the financial services provider’s stock worth $129,000 after buying an additional 376 shares during the period. Perkins Coie Trust Co increased its position in JPMorgan Chase & Co. by 10.2% in the second quarter. Perkins Coie Trust Co now owns 2,163 shares of the financial services provider’s stock worth $134,000 after buying an additional 200 shares during the period. Physicians Financial Services Inc. increased its position in JPMorgan Chase & Co. by 12.2% in the second quarter. Physicians Financial Services Inc. now owns 2,432 shares of the financial services provider’s stock worth $151,000 after buying an additional 265 shares during the period. Finally, Barnett & Company Inc. bought a new position in JPMorgan Chase & Co. during the first quarter worth approximately $156,000. 73.34% of the stock is owned by institutional investors.

JPMorgan Chase & Co. (NYSE:JPM) traded down 0.32% during trading on Friday, hitting $67.52. 24,163,776 shares of the stock were exchanged. The firm’s 50 day moving average price is $67.03 and its 200-day moving average price is $64.01. JPMorgan Chase & Co. has a 1-year low of $52.50 and a 1-year high of $69.06. The stock has a market cap of $243.85 billion, a price-to-earnings ratio of 11.44 and a beta of 1.54.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, October 14th. The financial services provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.19. The company earned $25.50 billion during the quarter, compared to analysts’ expectations of $23.99 billion. JPMorgan Chase & Co. had a return on equity of 10.20% and a net margin of 24.47%. JPMorgan Chase & Co.’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.54 EPS. On average, analysts anticipate that JPMorgan Chase & Co. will post $5.66 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Thursday, October 6th will be paid a $0.48 dividend. The ex-dividend date is Tuesday, October 4th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.84%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 33.10%.

A number of research firms have commented on JPM. Sandler O’Neill downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $72.00 price objective on the stock. in a research note on Thursday, October 6th. Vetr upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $68.05 price objective on the stock in a research note on Tuesday, August 16th. Jefferies Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Sunday, July 17th. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 13th. Finally, Macquarie downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $72.00 to $70.00 in a research note on Friday, September 9th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $72.35.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

Related posts

Leave a Comment