IFP Advisors Inc lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 173,466 shares of the financial services provider’s stock after buying an additional 646 shares during the quarter. JPMorgan Chase & Co. comprises approximately 0.7% of IFP Advisors Inc’s investment portfolio, making the stock its 22nd biggest holding. IFP Advisors Inc’s holdings in JPMorgan Chase & Co. were worth $16,568,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of JPM. Vanguard Group Inc. grew its holdings in JPMorgan Chase & Co. by 1.5% during the second quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock valued at $22,839,729,000 after purchasing an additional 3,717,683 shares during the period. Northern Trust Corp grew its holdings in JPMorgan Chase & Co. by 1.8% during the second quarter. Northern Trust Corp now owns 48,965,734 shares of the financial services provider’s stock valued at $4,475,468,000 after purchasing an additional 847,463 shares during the period. Capital Research Global Investors grew its holdings in JPMorgan Chase & Co. by 2.5% during the second quarter. Capital Research Global Investors now owns 31,714,763 shares of the financial services provider’s stock valued at $2,898,729,000 after purchasing an additional 765,082 shares during the period. Dimensional Fund Advisors LP grew its holdings in JPMorgan Chase & Co. by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 28,683,523 shares of the financial services provider’s stock valued at $2,621,677,000 after purchasing an additional 176,306 shares during the period. Finally, Legal & General Group Plc grew its holdings in JPMorgan Chase & Co. by 2.1% during the second quarter. Legal & General Group Plc now owns 17,769,351 shares of the financial services provider’s stock valued at $1,624,143,000 after purchasing an additional 369,878 shares during the period. Institutional investors own 73.76% of the company’s stock.

Shares of JPMorgan Chase & Co. (NYSE JPM) opened at $109.05 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37. The company has a market cap of $378,370.00, a price-to-earnings ratio of 15.65, a PEG ratio of 2.04 and a beta of 1.22. JPMorgan Chase & Co. has a 1 year low of $81.64 and a 1 year high of $110.03.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.09. The business had revenue of $25.33 billion for the quarter, compared to analyst estimates of $24.91 billion. JPMorgan Chase & Co. had a net margin of 24.08% and a return on equity of 11.68%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.58 earnings per share. research analysts forecast that JPMorgan Chase & Co. will post 6.91 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 32.14%.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the sale, the general counsel now owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.88% of the company’s stock.

A number of research analysts have weighed in on the stock. Societe Generale lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday. Vetr lowered shares of JPMorgan Chase & Co. from a “sell” rating to a “strong sell” rating and set a $93.51 price target on the stock. in a research note on Wednesday. Jefferies Group set a $111.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday, October 13th. BMO Capital Markets lifted their price target on shares of JPMorgan Chase & Co. from $86.00 to $91.00 and gave the company a “market perform” rating in a research note on Friday, October 13th. Finally, Buckingham Research raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research note on Thursday, December 21st. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $93.64.

ILLEGAL ACTIVITY WARNING: “IFP Advisors Inc Has $16.57 Million Stake in JPMorgan Chase & Co. (JPM)” was posted by Watch List News and is the property of of Watch List News. If you are reading this story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this story can be viewed at https://www.watchlistnews.com/ifp-advisors-inc-has-16-57-million-stake-in-jpmorgan-chase-co-jpm/1800896.html.

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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.