JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Broderick Brian C

Share on StockTwits

Broderick Brian C raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 60.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,958 shares of the financial services provider’s stock after acquiring an additional 1,110 shares during the quarter. Broderick Brian C’s holdings in JPMorgan Chase & Co. were worth $348,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JPM. Nuveen Asset Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 2,432.9% in the second quarter. Nuveen Asset Management LLC now owns 23,689,599 shares of the financial services provider’s stock worth $2,648,497,000 after acquiring an additional 22,754,332 shares during the last quarter. Invesco Ltd. increased its stake in JPMorgan Chase & Co. by 39.8% in the second quarter. Invesco Ltd. now owns 23,689,706 shares of the financial services provider’s stock valued at $2,648,509,000 after purchasing an additional 6,745,215 shares during the last quarter. Thoroughbred Financial Services LLC increased its stake in JPMorgan Chase & Co. by 11,601.0% in the second quarter. Thoroughbred Financial Services LLC now owns 4,973,970 shares of the financial services provider’s stock valued at $497,397,000 after purchasing an additional 4,931,461 shares during the last quarter. Renaissance Technologies LLC acquired a new position in JPMorgan Chase & Co. in the second quarter valued at $331,575,000. Finally, Amundi Pioneer Asset Management Inc. increased its stake in JPMorgan Chase & Co. by 43.3% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 7,563,083 shares of the financial services provider’s stock valued at $845,552,000 after purchasing an additional 2,283,575 shares during the last quarter. 71.90% of the stock is owned by institutional investors.

In other JPMorgan Chase & Co. news, CEO Gordon Smith sold 83,289 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $119.98, for a total transaction of $9,993,014.22. Following the completion of the sale, the chief executive officer now directly owns 393,197 shares in the company, valued at $47,175,776.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Daniel E. Pinto sold 64,198 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $130.91, for a total value of $8,404,160.18. Following the sale, the chief executive officer now owns 451,481 shares of the company’s stock, valued at $59,103,377.71. The disclosure for this sale can be found here. Insiders have sold 152,944 shares of company stock valued at $19,088,970 over the last 90 days. 0.76% of the stock is currently owned by insiders.

Shares of NYSE:JPM opened at $130.38 on Friday. The firm has a market capitalization of $404.92 billion, a PE ratio of 14.49, a P/E/G ratio of 1.81 and a beta of 1.21. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.93 and a quick ratio of 0.97. The business has a 50-day moving average of $120.77 and a two-hundred day moving average of $114.02. JPMorgan Chase & Co. has a 12 month low of $91.11 and a 12 month high of $131.29.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $2.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.45 by $0.23. The company had revenue of $29.34 billion during the quarter, compared to analyst estimates of $28.36 billion. JPMorgan Chase & Co. had a return on equity of 14.63% and a net margin of 24.70%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.34 earnings per share. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 10.17 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were paid a dividend of $0.90 per share. The ex-dividend date was Thursday, October 3rd. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 2.76%. JPMorgan Chase & Co.’s dividend payout ratio is currently 40.00%.

Several research firms recently commented on JPM. UBS Group upped their target price on JPMorgan Chase & Co. from $131.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. ValuEngine upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Royal Bank of Canada upped their target price on JPMorgan Chase & Co. to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. BMO Capital Markets upped their target price on JPMorgan Chase & Co. to $126.00 in a research note on Wednesday, October 16th. Finally, Robert W. Baird upped their target price on JPMorgan Chase & Co. from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $123.02.

About JPMorgan Chase & Co.

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.

Featured Story: How to read a candlestick chart

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.