JPMorgan Chase & Co. (NYSE:JPM) is Investors Asset Management of Georgia Inc. GA ADV’s 5th Largest Position

Investors Asset Management of Georgia Inc. GA ADV grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.9% in the third quarter, HoldingsChannel.com reports. The firm owned 30,470 shares of the financial services provider’s stock after buying an additional 558 shares during the quarter. JPMorgan Chase & Co. comprises approximately 2.6% of Investors Asset Management of Georgia Inc. GA ADV’s holdings, making the stock its 5th largest holding. Investors Asset Management of Georgia Inc. GA ADV’s holdings in JPMorgan Chase & Co. were worth $4,988,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of JPMorgan Chase & Co. by 3.2% during the second quarter. FMR LLC now owns 48,763,496 shares of the financial services provider’s stock valued at $7,584,673,000 after purchasing an additional 1,513,407 shares during the period. Geode Capital Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 2.5% during the second 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 acquiring an additional 1,137,615 shares in the last quarter. Capital International Investors raised its holdings in shares of JPMorgan Chase & Co. by 3.1% during the second quarter. Capital International Investors now owns 39,521,621 shares of the financial services provider’s stock valued at $6,146,639,000 after acquiring an additional 1,199,636 shares in the last quarter. Morgan Stanley raised its holdings in shares of JPMorgan Chase & Co. by 1.4% during the second quarter. Morgan Stanley now owns 38,288,577 shares of the financial services provider’s stock valued at $5,955,407,000 after acquiring an additional 510,298 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of JPMorgan Chase & Co. by 2.4% during the second 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 acquiring 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 opened at $166.96 on Thursday. The firm has a market cap of $493.41 billion, a P/E ratio of 10.56, a PEG ratio of 2.15 and a beta of 1.16. JPMorgan Chase & Co. has a twelve month low of $117.77 and a twelve month high of $172.96. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.17. The company has a 50 day moving average of $166.07 and a 200 day moving average of $160.51.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Wednesday, October 13th. The financial services provider reported $3.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.00 by $0.74. The firm had revenue of $29.60 billion during the quarter, compared to analysts’ expectations of $29.63 billion. JPMorgan Chase & Co. had a return on equity of 19.89% and a net margin of 39.41%. The company’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.92 earnings per share. As a group, equities analysts expect that JPMorgan Chase & Co. will post 14.95 earnings per share for the current fiscal year.

The firm also recently announced a dividend, which was paid on Wednesday, November 17th. Shareholders of record on Monday, November 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 12th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.30%.

A number of brokerages recently commented on JPM. Jefferies Financial Group upped their target price on JPMorgan Chase & Co. from $177.00 to $198.00 and gave the company a “buy” rating in a report on Monday, October 11th. Wells Fargo & Company upped their target price on JPMorgan Chase & Co. from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, October 25th. Zacks Investment Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a report on Tuesday, September 28th. Barclays increased their price objective on JPMorgan Chase & Co. from $187.00 to $193.00 and gave the stock an “overweight” rating in a report on Friday, October 15th. Finally, BMO Capital Markets increased their price objective on JPMorgan Chase & Co. from $139.00 to $140.00 and gave the stock a “market perform” rating in a report on Thursday, October 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $168.56.

About JPMorgan Chase & Co.

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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