Evanson Asset Management LLC lifted its stake in JPMorgan Chase (NYSE:JPM) by 24.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,428 shares of the financial services provider’s stock after purchasing an additional 1,453 shares during the period. Evanson Asset Management LLC’s holdings in JPMorgan Chase were worth $794,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of JPM. ETRADE Capital Management LLC raised its position in shares of JPMorgan Chase by 4.2% during the 3rd quarter. ETRADE Capital Management LLC now owns 88,152 shares of the financial services provider’s stock valued at $8,419,000 after buying an additional 3,513 shares in the last quarter. Osborn Williams & Donohoe LLC raised its position in JPMorgan Chase by 0.7% in the 4th quarter. Osborn Williams & Donohoe LLC now owns 77,947 shares of the financial services provider’s stock worth $8,336,000 after purchasing an additional 558 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in JPMorgan Chase by 8.4% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 286,186 shares of the financial services provider’s stock worth $27,334,000 after purchasing an additional 22,236 shares during the period. Sei Investments Co. raised its position in JPMorgan Chase by 3.4% in the 3rd quarter. Sei Investments Co. now owns 2,088,914 shares of the financial services provider’s stock worth $199,513,000 after purchasing an additional 68,418 shares during the period. Finally, Narwhal Capital Management raised its position in JPMorgan Chase by 4.6% in the 4th quarter. Narwhal Capital Management now owns 97,459 shares of the financial services provider’s stock worth $10,422,000 after purchasing an additional 4,285 shares during the period. Hedge funds and other institutional investors own 74.26% of the company’s stock.
In other news, Director Todd A. Combs acquired 13,000 shares of the company’s stock in a transaction on Monday, May 14th. The shares were bought at an average cost of $114.61 per share, with a total value of $1,489,930.00. Following the transaction, the director now owns 18,277 shares in the company, valued at approximately $2,094,726.97. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mellody L. Hobson acquired 18,000 shares of the company’s stock in a transaction on Monday, April 16th. The stock was purchased at an average cost of $111.05 per share, for a total transaction of $1,998,900.00. Following the completion of the transaction, the director now owns 864 shares in the company, valued at approximately $95,947.20. The disclosure for this purchase can be found here. Corporate insiders own 0.73% of the company’s stock.
Shares of JPMorgan Chase traded down $1.83, reaching $111.13, on Friday, Marketbeat reports. The company had a trading volume of 11,805,729 shares, compared to its average volume of 11,471,382. The company has a market capitalization of $387.67 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24. JPMorgan Chase has a 52-week low of $81.64 and a 52-week high of $119.33. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.01 and a current ratio of 1.01.
JPMorgan Chase (NYSE:JPM) last released its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.09. JPMorgan Chase had a net margin of 22.53% and a return on equity of 12.60%. The business had revenue of $27.90 billion for the quarter, compared to the consensus estimate of $27.73 billion. During the same period in the previous year, the firm earned $1.65 EPS. The business’s revenue was up 12.0% on a year-over-year basis. equities analysts expect that JPMorgan Chase will post 9.05 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Friday, July 6th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, July 5th. JPMorgan Chase’s payout ratio is currently 32.61%.
A number of equities analysts have recently commented on the stock. BMO Capital Markets reaffirmed a “hold” rating and set a $110.00 target price on shares of JPMorgan Chase in a research report on Friday, April 13th. Morgan Stanley dropped their price objective on shares of JPMorgan Chase from $138.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, April 30th. ValuEngine downgraded shares of JPMorgan Chase from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Nomura raised their target price on shares of JPMorgan Chase from $113.00 to $117.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Finally, Zacks Investment Research downgraded shares of JPMorgan Chase from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the company. JPMorgan Chase presently has a consensus rating of “Hold” and an average price target of $112.75.
JPMorgan Chase 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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