Addenda Capital Inc. raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 9.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 79,097 shares of the financial services provider’s stock after purchasing an additional 7,022 shares during the period. Addenda Capital Inc.’s holdings in JPMorgan Chase & Co. were worth $7,440,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of JPM. Capital World Investors boosted its stake in shares of JPMorgan Chase & Co. by 9.9% in the first quarter. Capital World Investors now owns 91,033,221 shares of the financial services provider’s stock worth $8,195,754,000 after acquiring an additional 8,187,609 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 1.5% in the first quarter. Geode Capital Management LLC now owns 45,078,060 shares of the financial services provider’s stock worth $4,050,836,000 after acquiring an additional 666,292 shares during the last quarter. Morgan Stanley boosted its stake in shares of JPMorgan Chase & Co. by 6.4% in the first quarter. Morgan Stanley now owns 37,812,884 shares of the financial services provider’s stock worth $3,404,295,000 after acquiring an additional 2,262,845 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of JPMorgan Chase & Co. by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 31,592,855 shares of the financial services provider’s stock worth $2,844,306,000 after acquiring an additional 175,979 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $3,908,541,000. 71.57% of the stock is currently owned by institutional investors.

Shares of NYSE JPM opened at $91.28 on Friday. The stock’s 50-day moving average is $97.78 and its two-hundred day moving average is $109.93. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.89 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 1-year low of $76.91 and a 1-year high of $141.10. The company has a market cap of $284.29 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 3.62 and a beta of 1.19.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.70 by ($1.92). JPMorgan Chase & Co. had a return on equity of 12.52% and a net margin of 21.61%. The company had revenue of $28.25 billion for the quarter, compared to analysts’ expectations of $29.45 billion. During the same quarter last year, the company earned $2.65 EPS. JPMorgan Chase & Co.’s revenue for the quarter was down 3.0% compared to the same quarter last year. Equities research analysts anticipate that JPMorgan Chase & Co. will post 5.16 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be issued a dividend of $0.90 per share. The ex-dividend date is Thursday, July 2nd. This represents a $3.60 annualized dividend and a yield of 3.94%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 34.35%.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 13,027 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $91.12, for a total value of $1,187,020.24. Following the transaction, the insider now directly owns 137,243 shares in the company, valued at $12,505,582.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen B. Burke purchased 75,000 shares of the company’s stock in a transaction on Thursday, April 16th. The stock was bought at an average price of $87.99 per share, for a total transaction of $6,599,250.00. Following the completion of the purchase, the director now directly owns 150,043 shares of the company’s stock, valued at $13,202,283.57. The disclosure for this purchase can be found here. 0.78% of the stock is owned by corporate insiders.

JPM has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 1st. Piper Sandler lowered their price objective on JPMorgan Chase & Co. from $149.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, April 3rd. ValuEngine raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Thursday, April 9th. Societe Generale raised JPMorgan Chase & Co. from a “sell” rating to a “buy” rating in a research note on Tuesday, April 14th. Finally, DA Davidson raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and upped their price target for the company from $102.00 to $117.00 in a research note on Thursday. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $111.99.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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