River & Mercantile Asset Management LLP Has $11.36 Million Holdings in JPMorgan Chase & Co. (JPM)

River & Mercantile Asset Management LLP boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 23.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,941 shares of the financial services provider’s stock after acquiring an additional 20,298 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.3% of River & Mercantile Asset Management LLP’s investment portfolio, making the stock its 17th biggest holding. River & Mercantile Asset Management LLP’s holdings in JPMorgan Chase & Co. were worth $11,357,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Stifel Financial Corp raised its position in shares of JPMorgan Chase & Co. by 9,301.6% in the third quarter. Stifel Financial Corp now owns 4,351,736 shares of the financial services provider’s stock valued at $415,662,000 after purchasing an additional 4,305,449 shares during the period. Jennison Associates LLC raised its position in shares of JPMorgan Chase & Co. by 14.2% in the third quarter. Jennison Associates LLC now owns 15,376,102 shares of the financial services provider’s stock valued at $1,468,571,000 after purchasing an additional 1,915,039 shares during the period. Atlantic Trust Group LLC raised its position in shares of JPMorgan Chase & Co. by 62.6% in the third quarter. Atlantic Trust Group LLC now owns 4,398,186 shares of the financial services provider’s stock valued at $420,070,000 after purchasing an additional 1,692,999 shares during the period. Caxton Associates LP raised its position in shares of JPMorgan Chase & Co. by 18,506.8% in the third quarter. Caxton Associates LP now owns 1,097,800 shares of the financial services provider’s stock valued at $104,851,000 after purchasing an additional 1,091,900 shares during the period. Finally, CI Investments Inc. raised its position in shares of JPMorgan Chase & Co. by 147.8% in the fourth quarter. CI Investments Inc. now owns 1,805,968 shares of the financial services provider’s stock valued at $193,130,000 after purchasing an additional 1,077,106 shares during the period. 72.18% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Mellody L. Hobson acquired 18,000 shares of JPMorgan Chase & Co. stock in a transaction on Monday, April 16th. The shares were purchased 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 approximately $95,947.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Todd A. Combs acquired 13,000 shares of JPMorgan Chase & Co. 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. Corporate insiders own 0.73% of the company’s stock.

Shares of JPMorgan Chase & Co. opened at $112.49 on Thursday, MarketBeat reports. The stock has a market cap of $387.85 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 1.87 and a beta of 1.24. 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 & Co. has a 12-month low of $81.64 and a 12-month high of $119.33.

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

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, July 5th. This represents a $2.24 dividend on an annualized basis and a yield of 1.99%. JPMorgan Chase & Co.’s payout ratio is 32.61%.

Several equities analysts have recently weighed in on JPM shares. Morgan Stanley increased their price objective on shares of JPMorgan Chase & Co. from $128.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Zacks Investment Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $129.00 price objective on the stock in a research report on Monday, March 19th. Vetr raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $105.98 price objective on the stock in a research report on Monday, February 12th. Edward Jones raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Thursday, March 22nd. Finally, Credit Suisse Group upped their price target on shares of JPMorgan Chase & Co. from $125.00 to $127.00 and gave the company an “outperform” rating in a research note on Monday, March 19th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $112.75.

About JPMorgan Chase & Co.

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 & Co. (NYSE:JPM)

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