JPMorgan Chase (JPM) Shares Bought by EFG Asset Management Americas Corp.

EFG Asset Management Americas Corp. boosted its position in shares of JPMorgan Chase (NYSE:JPM) by 33.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,513 shares of the financial services provider’s stock after acquiring an additional 10,560 shares during the period. JPMorgan Chase accounts for 1.7% of EFG Asset Management Americas Corp.’s investment portfolio, making the stock its 13th biggest holding. EFG Asset Management Americas Corp.’s holdings in JPMorgan Chase were worth $4,587,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in JPM. Youngs Advisory Group Inc. raised its position in shares of JPMorgan Chase by 8.2% during the fourth quarter. Youngs Advisory Group Inc. now owns 6,051 shares of the financial services provider’s stock valued at $647,000 after buying an additional 460 shares during the last quarter. Foster & Motley Inc. raised its position in shares of JPMorgan Chase by 0.5% during the fourth quarter. Foster & Motley Inc. now owns 95,423 shares of the financial services provider’s stock valued at $10,205,000 after buying an additional 461 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of JPMorgan Chase by 4.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 11,815 shares of the financial services provider’s stock valued at $1,264,000 after buying an additional 461 shares during the last quarter. Kistler Tiffany Companies LLC raised its position in shares of JPMorgan Chase by 2.9% during the fourth quarter. Kistler Tiffany Companies LLC now owns 16,431 shares of the financial services provider’s stock valued at $1,757,000 after buying an additional 463 shares during the last quarter. Finally, Meridian Wealth Management LLC raised its position in shares of JPMorgan Chase by 0.8% during the fourth quarter. Meridian Wealth Management LLC now owns 57,308 shares of the financial services provider’s stock valued at $5,536,000 after buying an additional 465 shares during the last quarter. 72.18% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Todd A. Combs purchased 13,000 shares of the firm’s stock in a transaction dated Monday, May 14th. The shares were acquired at an average cost of $114.61 per share, with a total value 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mellody L. Hobson purchased 18,000 shares of the firm’s stock in a transaction dated 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 disclosure for this purchase can be found here. 0.73% of the stock is owned by corporate insiders.

Shares of JPMorgan Chase opened at $113.01 on Wednesday, Marketbeat.com reports. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.19. The stock has a market cap of $384.89 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 1.86 and a beta of 1.24. JPMorgan Chase has a 1-year low of $81.64 and a 1-year high of $119.33.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Friday, July 6th will be paid a dividend of $0.56 per share. The ex-dividend date is Thursday, July 5th. This represents a $2.24 annualized dividend and a dividend yield of 1.98%. JPMorgan Chase’s dividend payout ratio (DPR) is currently 32.61%.

JPM has been the topic of a number of analyst reports. Morgan Stanley upped their target price on shares of JPMorgan Chase from $128.00 to $133.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of JPMorgan Chase from a “hold” rating to a “buy” rating and set a $129.00 target price on the stock in a research note on Monday, March 19th. Vetr raised shares of JPMorgan Chase from a “sell” rating to a “hold” rating and set a $105.98 target price on the stock in a research note on Monday, February 12th. Edward Jones raised shares of JPMorgan Chase from a “hold” rating to a “buy” rating in a research note on Thursday, March 22nd. Finally, Credit Suisse Group upped their target price on shares of JPMorgan Chase from $125.00 to $127.00 and gave the company an “outperform” rating in a research note on Monday, March 19th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price 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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Institutional Ownership by Quarter for JPMorgan Chase (NYSE:JPM)

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