Manning & Napier Group LLC Raises Stake in JPMorgan Chase & Co. (JPM)

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Manning & Napier Group LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 463,904 shares of the financial services provider’s stock after acquiring an additional 30,153 shares during the period. Manning & Napier Group LLC’s holdings in JPMorgan Chase & Co. were worth $45,285,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Sanders Capital LLC increased its position in shares of JPMorgan Chase & Co. by 0.4% during the third quarter. Sanders Capital LLC now owns 4,141,173 shares of the financial services provider’s stock worth $525,524,000 after acquiring an additional 17,562 shares in the last quarter. Panagora Asset Management Inc. grew its position in JPMorgan Chase & Co. by 1.5% in the third quarter. Panagora Asset Management Inc. now owns 3,108,991 shares of the financial services provider’s stock valued at $350,819,000 after purchasing an additional 44,457 shares in the last quarter. HL Financial Services LLC grew its position in JPMorgan Chase & Co. by 1.0% in the third quarter. HL Financial Services LLC now owns 2,475,769 shares of the financial services provider’s stock valued at $279,365,000 after purchasing an additional 23,637 shares in the last quarter. Federated Investors Inc. PA grew its position in JPMorgan Chase & Co. by 7.2% in the third quarter. Federated Investors Inc. PA now owns 2,447,984 shares of the financial services provider’s stock valued at $276,231,000 after purchasing an additional 163,610 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its position in JPMorgan Chase & Co. by 5,555.9% in the third quarter. Rehmann Capital Advisory Group now owns 2,352,612 shares of the financial services provider’s stock valued at $11,266,384,000 after purchasing an additional 2,311,016 shares in the last quarter. 69.90% of the stock is owned by institutional investors.

Shares of JPM opened at $113.61 on Friday. JPMorgan Chase & Co. has a one year low of $91.11 and a one year high of $119.24. The stock has a market capitalization of $389.70 billion, a PE ratio of 12.62, a PEG ratio of 1.63 and a beta of 1.11. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, April 12th. The financial services provider reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.33. JPMorgan Chase & Co. had a net margin of 24.28% and a return on equity of 14.23%. The company had revenue of $29.12 billion during the quarter, compared to the consensus estimate of $27.95 billion. During the same quarter last year, the firm posted $2.37 EPS. On average, research analysts forecast that JPMorgan Chase & Co. will post 10 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.56%.

A number of research analysts recently weighed in on JPM shares. Zacks Investment Research reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Monday, December 31st. Barclays raised their target price on shares of JPMorgan Chase & Co. from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, January 2nd. ValuEngine raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Jefferies Financial Group downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $101.20 target price for the company. in a research report on Tuesday, January 8th. Finally, Morgan Stanley decreased their target price on shares of JPMorgan Chase & Co. from $131.00 to $124.00 and set an “overweight” rating for the company in a research report on Tuesday, January 8th. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $123.05.

In other news, Director Mellody L. Hobson acquired 1,700 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was bought at an average price of $114.26 per share, with a total value of $194,242.00. Following the transaction, the director now directly owns 7,485 shares in the company, valued at approximately $855,236.10. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas B. Petno sold 11,659 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 29th. The shares were sold at an average price of $105.00, for a total transaction of $1,224,195.00. The disclosure for this sale can be found here. In the last three months, insiders bought 24,700 shares of company stock valued at $2,711,552 and sold 190,933 shares valued at $20,796,254. Company insiders own 0.76% of the company’s stock.

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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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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