Alliance Wealth Management Group raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 100.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 42,114 shares of the financial services provider’s stock after buying an additional 21,057 shares during the period. JPMorgan Chase & Co. makes up about 1.0% of Alliance Wealth Management Group’s holdings, making the stock its 25th largest position. Alliance Wealth Management Group’s holdings in JPMorgan Chase & Co. were worth $4,022,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. David R. Rahn & Associates Inc. purchased a new position in shares of JPMorgan Chase & Co. during the second quarter worth about $1,458,000. Ironwood Investment Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 61.9% during the second quarter. Ironwood Investment Management LLC now owns 6,668 shares of the financial services provider’s stock worth $609,000 after purchasing an additional 2,550 shares during the last quarter. Gamble Jones Investment Counsel grew its holdings in shares of JPMorgan Chase & Co. by 0.6% during the second quarter. Gamble Jones Investment Counsel now owns 49,959 shares of the financial services provider’s stock worth $4,566,000 after purchasing an additional 276 shares during the last quarter. Grove Bank & Trust grew its holdings in shares of JPMorgan Chase & Co. by 16.9% during the second quarter. Grove Bank & Trust now owns 9,787 shares of the financial services provider’s stock worth $895,000 after purchasing an additional 1,417 shares during the last quarter. Finally, Lee Danner & Bass Inc. grew its holdings in shares of JPMorgan Chase & Co. by 0.4% during the second quarter. Lee Danner & Bass Inc. now owns 17,494 shares of the financial services provider’s stock worth $1,599,000 after purchasing an additional 69 shares during the last quarter. Institutional investors own 73.66% of the company’s stock.

In other JPMorgan Chase & Co. news, Director James S. Crown acquired 7,280 shares of the stock in a transaction on Thursday, January 18th. The shares were bought at an average price of $113.37 per share, with a total value of $825,333.60. Following the acquisition, the director now owns 305,875 shares of the company’s stock, valued at $34,677,048.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ashley Bacon sold 16,434 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total value of $1,844,223.48. Following the completion of the sale, the insider now directly owns 98,811 shares in the company, valued at approximately $11,088,570.42. The disclosure for this sale can be found here. Insiders sold a total of 152,047 shares of company stock worth $17,098,115 in the last ninety days. 0.88% of the stock is owned by corporate insiders.

Several brokerages have issued reports on JPM. Vetr raised JPMorgan Chase & Co. from a “strong sell” rating to a “sell” rating and set a $102.07 price objective on the stock in a report on Tuesday, February 6th. Keefe, Bruyette & Woods raised JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $127.00 price objective on the stock in a report on Tuesday. ValuEngine raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Morgan Stanley raised their price objective on JPMorgan Chase & Co. from $128.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Finally, Bank of America set a $119.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Monday, January 15th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $108.71.

Shares of JPMorgan Chase & Co. (NYSE JPM) opened at $115.03 on Thursday. JPMorgan Chase & Co. has a twelve month low of $81.64 and a twelve month high of $117.35. The firm has a market capitalization of $399,120.00, a P/E ratio of 18.03, a price-to-earnings-growth ratio of 1.89 and a beta of 1.22. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.03.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 35.11%.

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JPMorgan Chase & Co. Company 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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