Sunburst Financial Group LLC decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,807 shares of the financial services provider’s stock after selling 111 shares during the period. Sunburst Financial Group LLC’s holdings in JPMorgan Chase & Co. were worth $367,000 as of its most recent filing with the Securities & Exchange Commission.

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

Shares of JPMorgan Chase & Co. stock opened at $101.51 on Friday. JPMorgan Chase & Co. has a 52-week low of $76.91 and a 52-week high of $141.10. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.35. The company’s 50-day simple moving average is $99.36 and its 200-day simple moving average is $96.79. The firm has a market cap of $309.36 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 3.16 and a beta of 1.15.

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

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Monday, October 5th. This represents a $3.60 annualized dividend and a yield of 3.55%. JPMorgan Chase & Co.’s payout ratio is currently 34.35%.

JPM has been the subject of a number of research reports. Morgan Stanley reissued a “buy” rating and issued a $106.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, July 27th. Berenberg Bank boosted their price target on shares of JPMorgan Chase & Co. from $77.00 to $80.00 and gave the company a “sell” rating in a research report on Monday, July 20th. Oppenheimer reissued a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. 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. Finally, Goldman Sachs Group raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a report on Friday, July 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $111.59.

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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