Columbia Trust Co 01012016 Raises Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Columbia Trust Co 01012016 increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,622 shares of the financial services provider’s stock after purchasing an additional 691 shares during the quarter. JPMorgan Chase & Co. makes up 1.9% of Columbia Trust Co 01012016’s investment portfolio, making the stock its 8th biggest holding. Columbia Trust Co 01012016’s holdings in JPMorgan Chase & Co. were worth $3,539,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in JPMorgan Chase & Co. by 3.2% in the second quarter. FMR LLC now owns 48,763,496 shares of the financial services provider’s stock valued at $7,584,673,000 after buying an additional 1,513,407 shares during the period. Geode Capital Management LLC lifted its holdings in JPMorgan Chase & Co. by 2.5% in the second quarter. Geode Capital Management LLC now owns 46,577,783 shares of the financial services provider’s stock valued at $7,222,281,000 after buying an additional 1,137,615 shares during the period. Capital International Investors lifted its holdings in JPMorgan Chase & Co. by 3.1% in the second quarter. Capital International Investors now owns 39,521,621 shares of the financial services provider’s stock valued at $6,146,639,000 after buying an additional 1,199,636 shares during the period. Morgan Stanley lifted its holdings in JPMorgan Chase & Co. by 1.4% in the second quarter. Morgan Stanley now owns 38,288,577 shares of the financial services provider’s stock valued at $5,955,407,000 after buying an additional 510,298 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of JPMorgan Chase & Co. by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 31,178,926 shares of the financial services provider’s stock valued at $4,849,569,000 after purchasing an additional 743,975 shares during the period. Institutional investors and hedge funds own 69.51% of the company’s stock.

Several equities analysts have recently weighed in on JPM shares. Morgan Stanley upped their price objective on shares of JPMorgan Chase & Co. from $150.00 to $166.00 and gave the company an “underweight” rating in a report on Thursday, July 29th. Royal Bank of Canada upped their price objective on shares of JPMorgan Chase & Co. from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, October 14th. Credit Suisse Group set a $177.00 price objective on shares of JPMorgan Chase & Co. in a report on Thursday, October 14th. The Goldman Sachs Group set a $198.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, October 13th. Finally, Berenberg Bank set a $125.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, October 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Buy” and an average target price of $168.56.

Shares of JPM stock opened at $166.96 on Thursday. JPMorgan Chase & Co. has a 52-week low of $117.77 and a 52-week high of $172.96. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.86 and a current ratio of 0.86. The company has a 50-day simple moving average of $166.07 and a two-hundred day simple moving average of $160.51. The company has a market capitalization of $493.41 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 2.15 and a beta of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Wednesday, October 13th. The financial services provider reported $3.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.00 by $0.74. JPMorgan Chase & Co. had a net margin of 39.41% and a return on equity of 19.89%. The business had revenue of $29.60 billion during the quarter, compared to the consensus estimate of $29.63 billion. During the same period in the prior year, the firm posted $2.92 EPS. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 14.95 EPS for the current fiscal year.

The business also recently announced a dividend, which was paid on Wednesday, November 17th. Stockholders of record on Monday, November 15th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 12th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.30%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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