Sterling Capital Management LLC increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 443,816 shares of the financial services provider’s stock after purchasing an additional 8,146 shares during the quarter. Sterling Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $50,080,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. grew its position in shares of JPMorgan Chase & Co. by 2.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 13,009,422 shares of the financial services provider’s stock valued at $1,355,582,000 after purchasing an additional 270,508 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in JPMorgan Chase & Co. by 4.5% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,199,709 shares of the financial services provider’s stock valued at $1,167,010,000 after buying an additional 481,210 shares during the period. American Century Companies Inc. boosted its stake in JPMorgan Chase & Co. by 1.7% during the second quarter. American Century Companies Inc. now owns 10,020,625 shares of the financial services provider’s stock valued at $1,044,149,000 after buying an additional 169,377 shares during the period. OMERS ADMINISTRATION Corp boosted its stake in JPMorgan Chase & Co. by 21.4% during the second quarter. OMERS ADMINISTRATION Corp now owns 4,656,959 shares of the financial services provider’s stock valued at $485,255,000 after buying an additional 821,647 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its stake in JPMorgan Chase & Co. by 1.2% during the second quarter. State of New Jersey Common Pension Fund D now owns 4,263,000 shares of the financial services provider’s stock valued at $444,205,000 after buying an additional 50,000 shares during the period. Institutional investors own 70.15% of the company’s stock.

Shares of JPM stock opened at $101.36 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.00 and a quick ratio of 1.01. JPMorgan Chase & Co. has a 12-month low of $91.11 and a 12-month high of $119.33. The stock has a market cap of $351.36 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 1.55 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, January 15th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.20 by ($0.22). JPMorgan Chase & Co. had a return on equity of 14.07% and a net margin of 24.71%. The firm had revenue of $26.10 billion for the quarter, compared to the consensus estimate of $26.69 billion. During the same period last year, the firm earned $1.76 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities research analysts anticipate that JPMorgan Chase & Co. will post 9.94 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 31st. Shareholders of record on Friday, January 4th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Thursday, January 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 35.56%.

In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 11,659 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 29th. The stock was sold at an average price of $105.00, for a total transaction of $1,224,195.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ashley Bacon sold 5,831 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $102.78, for a total value of $599,310.18. Following the sale, the insider now directly owns 98,838 shares of the company’s stock, valued at approximately $10,158,569.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,191 shares of company stock valued at $4,102,110. Corporate insiders own 0.73% of the company’s stock.

Several equities research analysts recently issued reports on the company. Zacks Investment Research lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. Daiwa Capital Markets lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Friday. Finally, ValuEngine lowered JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Thursday, December 6th. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $122.94.

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JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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