Trade Report: Today: Atalanta Sosnoff Capital LLC Raises Stake in JPMorgan Chase & Co. (JPM)

Today: Atalanta Sosnoff Capital LLC Raises Stake in JPMorgan Chase & Co. (JPM)

Atalanta Sosnoff Capital LLC boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,329,688 shares of the financial services provider’s stock after buying an additional 15,856 shares during the period. JPMorgan Chase & Co. accounts for approximately 3.1% of Atalanta Sosnoff Capital LLC’s portfolio, making the stock its 5th largest position. Atalanta Sosnoff Capital LLC’s holdings in JPMorgan Chase & Co. were worth $88,544,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in JPMorgan Chase & Co. by 2.1% in the second quarter. Vanguard Group Inc. now owns 229,636,598 shares of the financial services provider’s stock worth $14,269,618,000 after buying an additional 4,692,609 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of JPMorgan Chase & Co. by 2.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 60,516,465 shares of the financial services provider’s stock worth $3,760,494,000 after buying an additional 1,331,994 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of JPMorgan Chase & Co. by 1.6% in the second quarter. Franklin Resources Inc. now owns 42,729,841 shares of the financial services provider’s stock worth $2,655,217,000 after buying an additional 668,959 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of JPMorgan Chase & Co. by 2.0% in the second quarter. BlackRock Fund Advisors now owns 42,696,451 shares of the financial services provider’s stock worth $2,653,157,000 after buying an additional 832,523 shares during the last quarter. Finally, Dodge & Cox boosted its position in shares of JPMorgan Chase & Co. by 5.4% in the second quarter. Dodge & Cox now owns 27,832,599 shares of the financial services provider’s stock worth $1,729,518,000 after buying an additional 1,415,650 shares during the last quarter. 72.45% of the stock is owned by institutional investors.

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded down 0.298% on Monday, hitting $78.595. The stock had a trading volume of 7,639,723 shares. JPMorgan Chase & Co. has a 12 month low of $52.50 and a 12 month high of $80.44. The stock has a 50 day moving average of $71.70 and a 200-day moving average of $66.33. The stock has a market cap of $281.20 billion, a PE ratio of 13.558 and a beta of 1.51.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.19. The business earned $25.50 billion during the quarter. JPMorgan Chase & Co. had a return on equity of 10.47% and a net margin of 22.92%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.54 EPS. Equities research analysts anticipate that JPMorgan Chase & Co. will post $5.88 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Thursday, October 6th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date was Tuesday, October 4th. JPMorgan Chase & Co.’s payout ratio is 33.10%.

A number of research analysts recently commented on JPM shares. raised their price target on JPMorgan Chase & Co. from $71.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, September 23rd. Zacks Investment Research cut JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 20th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 27th. Vetr upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $70.76 price target on the stock in a research report on Monday, October 17th. Finally, Nomura restated a “hold” rating and issued a $65.00 price target on shares of JPMorgan Chase & Co. in a research report on Thursday, September 29th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eighteen have assigned a buy rating to the stock. JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average price target of $72.43.

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 25,542 shares of JPMorgan Chase & Co. stock in a transaction on Monday, October 17th. The stock was sold at an average price of $67.26, for a total transaction of $1,717,954.92. Following the completion of the transaction, the chief executive officer now owns 291,080 shares in the company, valued at $19,578,040.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark O’donovan sold 4,035 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $69.05, for a total value of $278,616.75. Following the transaction, the insider now owns 6,005 shares of the company’s stock, valued at approximately $414,645.25. The disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.

JPMorgan Chase & Co. Company Profile

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.

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