JPMorgan Chase & Co. (JPM) Shares Bought by Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp

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Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 8.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 65,300 shares of the financial services provider’s stock after buying an additional 5,000 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in JPMorgan Chase & Co. were worth $7,181,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of JPMorgan Chase & Co. by 0.7% during the 1st quarter. BlackRock Inc. now owns 228,054,279 shares of the financial services provider’s stock worth $25,079,128,000 after purchasing an additional 1,627,006 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of JPMorgan Chase & Co. by 1.4% during the 4th quarter. Bank of New York Mellon Corp now owns 38,499,692 shares of the financial services provider’s stock worth $4,117,157,000 after purchasing an additional 530,709 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of JPMorgan Chase & Co. by 1.7% during the 4th quarter. UBS Asset Management Americas Inc. now owns 16,016,187 shares of the financial services provider’s stock worth $1,712,771,000 after purchasing an additional 262,688 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of JPMorgan Chase & Co. by 0.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 12,738,914 shares of the financial services provider’s stock worth $1,400,899,000 after purchasing an additional 49,436 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of JPMorgan Chase & Co. by 1.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 12,593,127 shares of the financial services provider’s stock worth $1,346,709,000 after purchasing an additional 169,061 shares in the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Shares of JPM opened at $114.59 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. JPMorgan Chase & Co. has a 52-week low of $88.08 and a 52-week high of $119.33. The firm has a market capitalization of $393.23 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 1.88 and a beta of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, July 13th. The financial services provider reported $2.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.22 by $0.07. JPMorgan Chase & Co. had a return on equity of 13.18% and a net margin of 22.80%. The firm had revenue of $27.75 billion during the quarter, compared to the consensus estimate of $27.62 billion. equities research analysts forecast that JPMorgan Chase & Co. will post 9.15 earnings per share for the current year.

In other JPMorgan Chase & Co. news, CEO Gordon Smith sold 30,725 shares of JPMorgan Chase & Co. stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $114.01, for a total value of $3,502,957.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.73% of the company’s stock.

JPM has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reaffirmed a “$111.53” rating and issued a $127.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 18th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $120.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, July 16th. Credit Suisse Group set a $130.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Thursday, July 12th. DZ Bank raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Finally, UBS Group raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the stock. JPMorgan Chase & Co. has an average rating of “Buy” and a consensus price target of $120.23.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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