JP Morgan Chase: 2018 Top 5 shareholder Firms
JP Morgan Chase & Company is among the world’s leading financial company. The company offers services that include asset management, investment banking, consumer banking, credit card commercial banking, and insurance.
As of July 2018, the company holds a market capitalization close to $362 billion. That makes the company one of the worlds biggest companies. Consequently, the company is within the Standard & Poor’s 500 (S&P 500) index. That means JP Morgan shares are a part of the world’s well-known index-tracking mutual funds and exchange-traded funds (ETFs). The company’s five-largest institutional holders are mainly financial institutions. JP Morgan James Crown and chief executive officer (CEO) James Dimon are both the largest individual shareholders and are the director on board.
Let us now list down the top 5 shareholders in JP Morgan Chase.
The company’s largest shareholder as of July 2018 with total outstanding shares of 7.42. Fact is, Vanguard is included in the largest investment management companies worldwide, that is to say, the company manages hundreds of mutual funds and ETFs. As of January 31 last year, Vanguard holds more than $5.1 trillion assets under management (AUM). They serve more than twenty million investors. The largest holder of JP Morgan shared within the company (Vanguard) is the Vanguard Total Stock Market Index Fund. As a result, the said sector of the company holds 2.54% of the Vanguards total outstanding shares.
On July last year, BlackRock holds 228.1 million of JP Morgan shares. That was about 6.7% of JP Morgan’s shares. The BlackRock started in 1988 by Laurence D. Fink. Fink is one of the largest asset managers worldwide having about $6.28 trillion AUM as of December 2017.
Owning 4.62% of JP Morgan’s total stocks as of July last year, State Street Corporation is the third-largest on the list. A firm with large financial services. The company has nearly $2.8 trillion assets in AUM at the end of the year 2017. State Street offers a variety of financial services. For instance, trading, research, investment management, and other similar services.
Fidelity Management and Research (FMR) holds 2.48% of the total shares of JP Morgan as of July last year. FMR is the fourth-largest shareholder firm on the list. The firm is a large financial servicing that offers brokerage, investment management services, and trade execution. As of March last year, FMR has $2.5 trillion AUM of JP Morgan.
T. Rowe Price Associates
T. Rowe Price Associates is a financial firm that provides asset management services and products that includes ETF, mutual funds, and retirement savings vehicles. As of March last year, the firm has $1.01 trillion AUM. As of July last year, they hold about 2.14% of JP Morgan’s overall shares.
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