Jennison Associates LLC Has $330.50 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Jennison Associates LLC lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 14.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,567,395 shares of the financial services provider's stock after acquiring an additional 196,583 shares during the quarter. Jennison Associates LLC owned approximately 0.06% of JPMorgan Chase & Co. worth $330,501,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of JPM. WFA Asset Management Corp lifted its stake in shares of JPMorgan Chase & Co. by 51.2% during the first quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider's stock valued at $244,000 after acquiring an additional 412 shares during the period. China Universal Asset Management Co. Ltd. bought a new position in JPMorgan Chase & Co. in the first quarter valued at approximately $1,185,000. Freestone Capital Holdings LLC grew its holdings in JPMorgan Chase & Co. by 4.2% during the 1st quarter. Freestone Capital Holdings LLC now owns 106,829 shares of the financial services provider's stock worth $21,398,000 after acquiring an additional 4,296 shares during the period. EP Wealth Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 0.7% during the 1st quarter. EP Wealth Advisors LLC now owns 640,857 shares of the financial services provider's stock valued at $128,364,000 after acquiring an additional 4,253 shares during the last quarter. Finally, Axxcess Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 3.9% in the 1st quarter. Axxcess Wealth Management LLC now owns 167,057 shares of the financial services provider's stock valued at $33,462,000 after purchasing an additional 6,280 shares during the period. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Up 1.5 %

Shares of JPMorgan Chase & Co. stock traded up $3.79 during trading hours on Friday, reaching $248.55. 7,997,307 shares of the company's stock were exchanged, compared to its average volume of 9,405,694. The stock has a market cap of $699.75 billion, a P/E ratio of 13.83, a P/E/G ratio of 3.55 and a beta of 1.10. The company has a 50 day moving average of $223.14 and a two-hundred day moving average of $211.90. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a fifty-two week low of $152.71 and a fifty-two week high of $249.15.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 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 firm had revenue of $43.32 billion during the quarter, compared to analysts' expectations of $41.43 billion. During the same quarter last year, the company posted $4.33 earnings per share. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.01%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. JPMorgan Chase & Co.'s payout ratio is 27.82%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Royal Bank of Canada upped 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. Baird R W lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 7th. Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and upped their target price for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Barclays increased their target price on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an "overweight" rating in a report on Monday, October 14th. Finally, Evercore ISI boosted their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $229.31.

JPMorgan Chase & Co. 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.