TCTC Holdings LLC Has $81.93 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

TCTC Holdings LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 388,530 shares of the financial services provider's stock after purchasing an additional 3,315 shares during the period. JPMorgan Chase & Co. accounts for 2.8% of TCTC Holdings LLC's investment portfolio, making the stock its 6th biggest holding. TCTC Holdings LLC's holdings in JPMorgan Chase & Co. were worth $81,925,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of JPM. WFA Asset Management Corp increased its stake in shares of JPMorgan Chase & Co. by 51.2% in the first quarter. WFA Asset Management Corp now owns 1,216 shares of the financial services provider's stock worth $244,000 after purchasing an additional 412 shares during the period. China Universal Asset Management Co. Ltd. acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter worth $1,185,000. Hoey Investments Inc. raised its position in shares of JPMorgan Chase & Co. by 5.9% during the first quarter. Hoey Investments Inc. now owns 22,378 shares of the financial services provider's stock valued at $4,482,000 after buying an additional 1,247 shares during the last quarter. Motive Wealth Advisors boosted its stake in JPMorgan Chase & Co. by 66.5% during the first quarter. Motive Wealth Advisors now owns 3,082 shares of the financial services provider's stock worth $617,000 after buying an additional 1,231 shares in the last quarter. Finally, AIA Group Ltd lifted its holdings in shares of JPMorgan Chase & Co. by 14.8% during the 1st quarter. AIA Group Ltd now owns 69,423 shares of the financial services provider's stock worth $13,905,000 after acquiring an additional 8,952 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Up 0.2 %

Shares of NYSE JPM opened at $241.60 on Thursday. JPMorgan Chase & Co. has a fifty-two week low of $148.46 and a fifty-two week high of $248.00. The firm has a market capitalization of $680.19 billion, a P/E ratio of 13.42, a P/E/G ratio of 3.48 and a beta of 1.10. 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's 50 day simple moving average is $218.35 and its 200 day simple moving average is $209.33.

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

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.07%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.82%.

Wall Street Analyst Weigh In

Several analysts recently commented on JPM shares. Daiwa Capital Markets decreased their price target on JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating on the stock in a research note on Thursday, October 10th. Morgan Stanley lowered shares of JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and boosted their price target for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Baird R W lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Thursday, November 7th. Evercore ISI boosted their price objective on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $224.31.

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.