Girard Partners LTD. Boosts Holdings in JPMorgan Chase (JPM)

Girard Partners LTD. boosted its position in shares of JPMorgan Chase (NYSE:JPM) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,326 shares of the financial services provider’s stock after buying an additional 2,065 shares during the period. JPMorgan Chase accounts for about 1.4% of Girard Partners LTD.’s portfolio, making the stock its 16th largest holding. Girard Partners LTD.’s holdings in JPMorgan Chase were worth $7,414,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of JPM. ETRADE Capital Management LLC grew its position in shares of JPMorgan Chase by 4.2% in the third quarter. ETRADE Capital Management LLC now owns 88,152 shares of the financial services provider’s stock valued at $8,419,000 after purchasing an additional 3,513 shares in the last quarter. Osborn Williams & Donohoe LLC grew its position in shares of JPMorgan Chase by 0.7% in the fourth quarter. Osborn Williams & Donohoe LLC now owns 77,947 shares of the financial services provider’s stock valued at $8,336,000 after purchasing an additional 558 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of JPMorgan Chase by 8.4% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 286,186 shares of the financial services provider’s stock valued at $27,334,000 after purchasing an additional 22,236 shares in the last quarter. Sei Investments Co. grew its position in shares of JPMorgan Chase by 3.4% in the third quarter. Sei Investments Co. now owns 2,088,914 shares of the financial services provider’s stock valued at $199,513,000 after purchasing an additional 68,418 shares in the last quarter. Finally, Narwhal Capital Management grew its position in shares of JPMorgan Chase by 4.6% in the fourth quarter. Narwhal Capital Management now owns 97,459 shares of the financial services provider’s stock valued at $10,422,000 after purchasing an additional 4,285 shares in the last quarter. Institutional investors own 74.26% of the company’s stock.

In other news, Director Mellody L. Hobson purchased 18,000 shares of the firm’s stock in a transaction on Monday, April 16th. The shares were bought at an average cost of $111.05 per share, for a total transaction of $1,998,900.00. Following the completion of the purchase, the director now directly owns 864 shares of the company’s stock, valued at $95,947.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Todd A. Combs purchased 13,000 shares of the firm’s stock in a transaction on Monday, May 14th. The shares were purchased at an average price of $114.61 per share, for a total transaction of $1,489,930.00. Following the completion of the purchase, the director now directly owns 18,277 shares of the company’s stock, valued at $2,094,726.97. The disclosure for this purchase can be found here. 0.73% of the stock is owned by corporate insiders.

JPMorgan Chase opened at $111.13 on Monday, Marketbeat Ratings reports. 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 has a 52 week low of $81.64 and a 52 week high of $119.33. The firm has a market cap of $381.39 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 1.84 and a beta of 1.24.

JPMorgan Chase (NYSE:JPM) last released its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.09. JPMorgan Chase had a return on equity of 12.60% and a net margin of 22.53%. The company had revenue of $27.90 billion for the quarter, compared to analysts’ expectations of $27.73 billion. During the same period in the prior year, the firm earned $1.65 earnings per share. The firm’s revenue was up 12.0% compared to the same quarter last year. analysts anticipate that JPMorgan Chase will post 9.05 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Friday, July 6th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, July 5th. JPMorgan Chase’s dividend payout ratio (DPR) is 32.61%.

A number of equities research analysts have recently issued reports on the company. Nomura upped their price target on JPMorgan Chase from $113.00 to $117.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. ValuEngine upgraded JPMorgan Chase from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Jefferies Group restated a “buy” rating and issued a $131.00 price target (up from $124.00) on shares of JPMorgan Chase in a research report on Wednesday, February 21st. Morgan Stanley upped their price target on JPMorgan Chase from $128.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, BMO Capital Markets upped their price target on JPMorgan Chase from $110.00 to $111.00 and gave the company a “market perform” rating in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has an average 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.

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase (NYSE:JPM).

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

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



Leave a Reply