World Investment Advisors LLC Raises Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

World Investment Advisors LLC grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 176.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 190,752 shares of the financial services provider's stock after acquiring an additional 121,819 shares during the quarter. JPMorgan Chase & Co. accounts for 1.0% of World Investment Advisors LLC's holdings, making the stock its 10th biggest position. World Investment Advisors LLC's holdings in JPMorgan Chase & Co. were worth $40,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of JPM. International Assets Investment Management LLC bought a new position in JPMorgan Chase & Co. in the third quarter valued at approximately $1,888,088,000. Fisher Asset Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 31.7% during the third quarter. Fisher Asset Management LLC now owns 16,784,272 shares of the financial services provider's stock worth $3,539,132,000 after acquiring an additional 4,043,841 shares during the period. Wulff Hansen & CO. lifted its position in JPMorgan Chase & Co. by 19,920.7% in the 2nd quarter. Wulff Hansen & CO. now owns 2,801,503 shares of the financial services provider's stock valued at $566,632,000 after acquiring an additional 2,787,510 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in JPMorgan Chase & Co. by 137.8% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,376,176 shares of the financial services provider's stock valued at $922,760,000 after acquiring an additional 2,535,590 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in JPMorgan Chase & Co. by 93.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,692,159 shares of the financial services provider's stock worth $567,669,000 after purchasing an additional 1,301,764 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on JPM shares. Baird R W lowered JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Thursday, November 7th. Oppenheimer downgraded JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a research report on Wednesday, November 20th. Wells Fargo & Company raised their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Barclays boosted their price objective on shares of JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an "overweight" rating in a research report on Monday, October 14th. Finally, Evercore ISI raised their target price on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $234.81.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $243.56 on Thursday. JPMorgan Chase & Co. has a twelve month low of $158.88 and a twelve month high of $254.31. The business's 50 day moving average price is $232.79 and its two-hundred day moving average price is $216.20. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. The company has a market cap of $685.70 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the business posted $4.33 earnings per share. On average, analysts predict that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.82%.

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.

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