Banco Santander S.A. Has $70.63 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Banco Santander S.A. lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 334,974 shares of the financial services provider's stock after selling 15,621 shares during the period. JPMorgan Chase & Co. makes up 0.8% of Banco Santander S.A.'s portfolio, making the stock its 16th biggest position. Banco Santander S.A.'s holdings in JPMorgan Chase & Co. were worth $70,633,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in shares of JPMorgan Chase & Co. by 4.8% in the second quarter. Dimensional Fund Advisors LP now owns 22,696,963 shares of the financial services provider's stock valued at $4,590,412,000 after purchasing an additional 1,040,594 shares during the last quarter. International Assets Investment Management LLC bought a new position in JPMorgan Chase & Co. in the third quarter valued at $1,888,088,000. Envestnet Asset Management Inc. increased its stake in JPMorgan Chase & Co. by 2.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,286,705 shares of the financial services provider's stock valued at $1,473,809,000 after buying an additional 157,577 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in JPMorgan Chase & Co. by 3.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,017,646 shares of the financial services provider's stock worth $1,479,741,000 after buying an additional 261,363 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of JPMorgan Chase & Co. by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider's stock worth $1,228,110,000 after buying an additional 182,648 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

JPM stock traded down $0.32 during midday trading on Tuesday, reaching $249.97. The company had a trading volume of 6,209,697 shares, compared to its average volume of 9,086,556. JPMorgan Chase & Co. has a 1-year low of $152.71 and a 1-year high of $254.31. The stock has a 50 day moving average price of $224.80 and a 200-day moving average price of $212.74. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $703.75 billion, a price-to-earnings ratio of 13.91, a price-to-earnings-growth ratio of 3.61 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The business had revenue of $43.32 billion for the quarter, compared to analysts' expectations of $41.43 billion. During the same period last year, the firm posted $4.33 earnings per share. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts expect that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were issued a dividend of $1.25 per share. The ex-dividend date was Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.00%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. JPMorgan Chase & Co.'s payout ratio is 27.82%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on JPM. Citigroup lifted their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a "neutral" rating in a research report on Tuesday, November 19th. Baird R W lowered JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 7th. Royal Bank of Canada increased their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Evercore ISI boosted their target price on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Finally, Robert W. Baird cut shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price target for the company. in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of "Hold" and an average price target of $229.31.

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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.