Zurcher Kantonalbank Zurich Cantonalbank trimmed its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.3% during the third quarter, HoldingsChannel.com reports. The firm owned 1,119,471 shares of the financial services provider’s stock after selling 100,703 shares during the period. JPMorgan Chase & Co. comprises about 1.0% of Zurcher Kantonalbank Zurich Cantonalbank’s holdings, making the stock its 8th largest position. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in JPMorgan Chase & Co. were worth $106,920,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in JPM. Janus Henderson Group PLC raised its position in shares of JPMorgan Chase & Co. by 517.3% during the 2nd quarter. Janus Henderson Group PLC now owns 5,553,819 shares of the financial services provider’s stock worth $507,632,000 after purchasing an additional 4,654,113 shares during the period. Alliancebernstein L.P. increased its position in JPMorgan Chase & Co. by 29.2% in the 2nd quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock valued at $1,595,542,000 after acquiring an additional 3,945,948 shares during the period. Vanguard Group Inc. increased its position in JPMorgan Chase & Co. by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock valued at $22,839,729,000 after acquiring an additional 3,717,683 shares during the period. Parametric Portfolio Associates LLC increased its position in JPMorgan Chase & Co. by 40.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock valued at $892,886,000 after acquiring an additional 2,828,726 shares during the period. Finally, Harbour Capital Advisors LLC increased its position in JPMorgan Chase & Co. by 8,767.4% in the 2nd quarter. Harbour Capital Advisors LLC now owns 2,794,464 shares of the financial services provider’s stock valued at $30,574,000 after acquiring an additional 2,762,950 shares during the period. Institutional investors and hedge funds own 73.66% of the company’s stock.

Several analysts recently commented on the company. Keefe, Bruyette & Woods upgraded JPMorgan Chase & Co. from a “market perform” rating to a “buy” rating and set a $127.00 target price on the stock in a research report on Tuesday. Vetr upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $105.98 target price on the stock in a research report on Monday. Morgan Stanley raised their target price on JPMorgan Chase & Co. from $128.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. ValuEngine raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a research note on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $108.71.

Shares of JPMorgan Chase & Co. (JPM) opened at $111.74 on Tuesday. The firm has a market capitalization of $381,808.63, a price-to-earnings ratio of 17.74, a PEG ratio of 1.86 and a beta of 1.23. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01. JPMorgan Chase & Co. has a one year low of $81.64 and a one year high of $117.35.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.07. The business had revenue of $24.15 billion during the quarter, compared to analyst estimates of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $1.71 EPS. research analysts anticipate that JPMorgan Chase & Co. will post 8.85 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 35.56%.

In other JPMorgan Chase & Co. news, Director James S. Crown bought 7,280 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was acquired at an average price of $113.37 per share, with a total value of $825,333.60. Following the completion of the transaction, the director now directly owns 305,875 shares in the company, valued at approximately $34,677,048.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mary E. Erdoes sold 65,101 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $112.25, for a total value of $7,307,587.25. Following the completion of the sale, the chief executive officer now directly owns 479,882 shares of the company’s stock, valued at approximately $53,866,754.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,047 shares of company stock valued at $17,098,115. Corporate insiders own 0.88% of the company’s stock.

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JPMorgan Chase & Co. 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.

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

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