JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Lifted by Norway Savings Bank

Norway Savings Bank raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 22,886 shares of the financial services provider’s stock after acquiring an additional 267 shares during the period. JPMorgan Chase & Co. accounts for 1.8% of Norway Savings Bank’s portfolio, making the stock its 8th biggest position. Norway Savings Bank’s holdings in JPMorgan Chase & Co. were worth $3,747,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. First United Bank & Trust grew its holdings in JPMorgan Chase & Co. by 0.4% during the third quarter. First United Bank & Trust now owns 22,060 shares of the financial services provider’s stock worth $3,611,000 after acquiring an additional 82 shares during the period. Schneider Downs Wealth Management Advisors LP grew its holdings in JPMorgan Chase & Co. by 33.8% during the third quarter. Schneider Downs Wealth Management Advisors LP now owns 6,226 shares of the financial services provider’s stock worth $1,019,000 after acquiring an additional 1,573 shares during the period. Atalanta Sosnoff Capital LLC grew its holdings in JPMorgan Chase & Co. by 0.5% during the third quarter. Atalanta Sosnoff Capital LLC now owns 818,746 shares of the financial services provider’s stock worth $134,021,000 after acquiring an additional 4,199 shares during the period. Investors Asset Management of Georgia Inc. GA ADV grew its holdings in JPMorgan Chase & Co. by 1.9% during the third quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 30,470 shares of the financial services provider’s stock worth $4,988,000 after acquiring an additional 558 shares during the period. Finally, Columbia Trust Co 01012016 grew its holdings in JPMorgan Chase & Co. by 3.3% during the third quarter. Columbia Trust Co 01012016 now owns 21,622 shares of the financial services provider’s stock worth $3,539,000 after acquiring an additional 691 shares during the period. Institutional investors own 69.51% of the company’s stock.

A number of research analysts recently weighed in on JPM shares. Royal Bank of Canada upped their price objective on JPMorgan Chase & Co. from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, October 14th. Berenberg Bank set a $125.00 price objective on JPMorgan Chase & Co. in a report on Monday, October 18th. The Goldman Sachs Group set a $198.00 target price on JPMorgan Chase & Co. in a report on Wednesday, October 13th. Zacks Investment Research raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a report on Tuesday, September 28th. Finally, Morgan Stanley upped their target price on JPMorgan Chase & Co. from $150.00 to $166.00 and gave the company an “underweight” rating in a report on Thursday, July 29th. 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. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $168.56.

Shares of NYSE:JPM opened at $166.96 on Thursday. The stock’s fifty day simple moving average is $166.07 and its 200-day simple moving average is $160.51. JPMorgan Chase & Co. has a 52-week low of $117.77 and a 52-week high of $172.96. The company has a market capitalization of $493.41 billion, a P/E ratio of 10.56, a P/E/G ratio of 2.15 and a beta of 1.16. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.17.

JPMorgan Chase & Co. (NYSE:JPM) last released its 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. JPMorgan Chase & Co. had a return on equity of 19.89% and a net margin of 39.41%. The firm had revenue of $29.60 billion for the quarter, compared to the consensus estimate of $29.63 billion. During the same period in the prior year, the business posted $2.92 earnings per share. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 14.95 earnings per share for the current year.

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

JPMorgan Chase & Co. Profile

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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