BTC Capital Management Inc. holds $11.96 million equity position in JPMorgan Chase & Co. (NYSE:JPM)


BTC Capital Management Inc. decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.1% during the 1st quarter, according to its latest 13F filing with the Securities & Exchange Commission. The fund held 87,754 shares of the financial services provider after selling 7,690 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.2% of BTC Capital Management Inc.’s portfolio, making the stock its 22nd largest holding. BTC Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $11,957,000 when it last filed with the Securities & Exchange Commission.

Other institutional investors have also recently changed their positions in the company. GAM Holding AG increased its stake in JPMorgan Chase & Co. shares by 18.4% during the 1st quarter. GAM Holding AG now owns 79,386 shares of the financial services provider worth $10,822,000 after acquiring an additional 12,339 shares in the last quarter. Schmidt PJ Investment Management Inc. increased its stake in JPMorgan Chase & Co. shares by 2.1% during the 1st quarter. Schmidt PJ Investment Management Inc. now owns 37,652 shares of the financial services provider worth $4,494,000 after acquiring an additional 782 shares in the last quarter. MUFG Americas Holdings Corp increased its stake in JPMorgan Chase & Co. shares by 3.0% during the 1st quarter. MUFG Americas Holdings Corp now owns 690,366 shares of the financial services provider worth $94,111,000 after acquiring 20,363 additional shares in the last quarter. Aviance Capital Partners LLC increased its stake in shares of JPMorgan Chase & Co. by 2.4% in the 1st quarter. Aviance Capital Partners LLC now owns 48,296 shares of the financial services provider worth $6,584,000 after acquiring an additional 1,126 shares in the last quarter. Finally, Fagan Associates Inc. increased its stake in JPMorgan Chase & Co. shares by 0.8% during the 1st quarter. Fagan Associates Inc. now owns 63,298 shares of the financial services provider worth $8,629,000 after acquiring 519 additional shares in the last quarter. Institutional investors and hedge funds hold 70.35% of the company’s shares.

Price performance of JPMorgan Chase & Co.

Shares of JPM opened at $115.76 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt ratio of 1.14. The company has a market capitalization of $339.99 billion, a P/E ratio of 9.29, a P/E/G ratio of 2.07 and a beta of 1.12. JPMorgan Chase & Co. has a 12-month low of $106.06 and a 12-month high of $172.96. The company has a fifty-day simple moving average of $116.99 and a 200-day simple moving average of $129.20.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its results on Thursday, July 14. The financial services provider reported EPS of $2.76 for the quarter, matching the consensus estimate of $2.76. The company posted revenue of $30.72 billion in the quarter, versus a consensus estimate of $31.82 billion. JPMorgan Chase & Co. achieved a return on equity of 15.29% and a net margin of 30.41%. The company’s quarterly revenue increased 0.8% year over year. During the same period last year, the company earned earnings per share of $3.78. On average, sell-side analysts expect JPMorgan Chase & Co. to post an EPS of 11.21 for the current fiscal year.

JPMorgan Chase & Co. announces dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, July 31. Shareholders of record on Wednesday, July 6 received a dividend of $1.00. The ex-dividend date was Tuesday, July 5. This represents an annualized dividend of $4.00 and a yield of 3.46%. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.10%.

Wall Street analysts predict growth

A number of research analysts have weighed in on JPM shares recently. Jefferies Financial Group lowered its price target on JPMorgan Chase & Co. from $137.00 to $126.00 and set a “hold” rating on the stock in a Monday, July 11 report. Morgan Stanley lowered its price target on JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating on the stock in a Tuesday, July 12 report. Citigroup upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and lowered its price target for the company from $145.00 to $135.00 in a Tuesday, July 12 report. BMO Capital Markets raised its price target on JPMorgan Chase & Co. from $150.00 to $156.00 in a Tuesday, May 24 report. Finally, Societe Generale upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised its price target for the company from $145.00 to $150.00 in a report from the Tuesday, May 24. One financial analyst has assigned the stock a sell rating, eight have assigned a hold rating and nine have assigned the stock a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $145.95.

About JPMorgan Chase & Co.

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JPMorgan Chase & Co operates as a worldwide financial services company. 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 s deposit, investment and lending products, payments and consumer services; lending, deposit, cash management and payment solutions for small businesses; mortgage origination and management activities; residential mortgages and home equity loans; and credit card, car loan and leasing services.

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Institutional ownership by quarter for JPMorgan Chase & Co. (NYSE: JPM)



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