Addenda Capital Inc. Cuts Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

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Addenda Capital Inc. trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 76,567 shares of the financial services provider’s stock after selling 2,530 shares during the period. Addenda Capital Inc.’s holdings in JPMorgan Chase & Co. were worth $7,371,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of JPM. Nordea Investment Management AB boosted its stake in JPMorgan Chase & Co. by 101.0% during the 2nd quarter. Nordea Investment Management AB now owns 8,992,678 shares of the financial services provider’s stock valued at $840,726,000 after purchasing an additional 4,518,458 shares during the last quarter. Laidlaw Wealth Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 20,306.8% in the 2nd quarter. Laidlaw Wealth Management LLC now owns 2,810,830 shares of the financial services provider’s stock worth $30,000 after buying an additional 2,797,056 shares during the last quarter. Viking Global Investors LP boosted its stake in shares of JPMorgan Chase & Co. by 56.9% in the 2nd quarter. Viking Global Investors LP now owns 6,411,486 shares of the financial services provider’s stock worth $603,064,000 after buying an additional 2,326,169 shares during the last quarter. Morgan Stanley boosted its stake in shares of JPMorgan Chase & Co. by 6.4% in the 1st quarter. Morgan Stanley now owns 37,812,884 shares of the financial services provider’s stock worth $3,404,295,000 after buying an additional 2,262,845 shares during the last quarter. Finally, Marshall Wace North America L.P. raised its holdings in JPMorgan Chase & Co. by 3,186.1% in the 2nd quarter. Marshall Wace North America L.P. now owns 1,609,680 shares of the financial services provider’s stock worth $151,407,000 after purchasing an additional 1,560,696 shares during the period. Institutional investors and hedge funds own 69.35% of the company’s stock.

A number of equities analysts recently commented on JPM shares. Credit Suisse Group reaffirmed a “buy” rating and issued a $126.00 target price (up from $122.00) on shares of JPMorgan Chase & Co. in a report on Wednesday. DA Davidson raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $102.00 to $117.00 in a report on Thursday, July 9th. Oppenheimer reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 14th. TheStreet raised JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a report on Tuesday, August 4th. Finally, Atlantic Securities upgraded JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating and set a $120.00 price target for the company in a research report on Wednesday, July 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have issued a buy rating to the stock. JPMorgan Chase & Co. currently has a consensus rating of “Buy” and an average price target of $111.59.

JPMorgan Chase & Co. stock opened at $101.51 on Friday. The company has a market capitalization of $309.36 billion, a PE ratio of 13.27, a P/E/G ratio of 3.16 and a beta of 1.15. JPMorgan Chase & Co. has a fifty-two week low of $76.91 and a fifty-two week high of $141.10. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.88 and a current ratio of 0.88. The company has a 50 day moving average price of $99.36 and a 200-day moving average price of $96.79.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Monday, October 19th. The financial services provider reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.69. The company had revenue of $29.90 billion during the quarter, compared to the consensus estimate of $28.20 billion. JPMorgan Chase & Co. had a net margin of 18.16% and a return on equity of 10.75%. JPMorgan Chase & Co.’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.68 earnings per share. On average, analysts forecast that JPMorgan Chase & Co. will post 6.48 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Tuesday, October 6th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Monday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 34.35%.

JPMorgan Chase & Co. Company 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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