JPMorgan Chase & Co. (JPM) Holdings Reduced by Private Advisor Group LLC

Private Advisor Group LLC reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 30.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 151,165 shares of the financial services provider’s stock after selling 65,433 shares during the quarter. JPMorgan Chase & Co. comprises about 0.7% of Private Advisor Group LLC’s portfolio, making the stock its 20th largest position. Private Advisor Group LLC’s holdings in JPMorgan Chase & Co. were worth $16,378,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Stifel Financial Corp grew its holdings in shares of JPMorgan Chase & Co. by 9,301.6% during the 3rd 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 last quarter. Jennison Associates LLC grew its holdings in shares of JPMorgan Chase & Co. by 14.2% during the 3rd 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 last quarter. Atlantic Trust Group LLC grew its holdings in shares of JPMorgan Chase & Co. by 62.6% during the 3rd 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 last quarter. Caxton Associates LP grew its holdings in shares of JPMorgan Chase & Co. by 18,506.8% during the 3rd 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 last quarter. Finally, CI Investments Inc. grew its holdings in shares of JPMorgan Chase & Co. by 147.8% during the 4th 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 last quarter. 72.18% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE JPM opened at $110.66 on Friday. The company has a market capitalization of $381.74 billion, a PE ratio of 14.43, a PEG ratio of 1.84 and a beta of 1.24. JPMorgan Chase & Co. 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 & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.65 EPS. equities research analysts expect that JPMorgan Chase & Co. will post 9.05 EPS for the current year.

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

In other news, Director Todd A. Combs purchased 13,000 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 18,277 shares of the company’s stock, valued at $2,094,726.97. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mellody L. Hobson bought 18,000 shares of the company’s stock in a transaction that occurred on Monday, April 16th. The shares were bought at an average price of $111.05 per share, for a total transaction of $1,998,900.00. Following the transaction, the director now directly owns 864 shares in the company, valued at $95,947.20. The disclosure for this purchase can be found here. 0.73% of the stock is currently owned by insiders.

Several equities research analysts recently issued reports on the stock. Nomura lifted their price target on shares of JPMorgan Chase & Co. from $113.00 to $117.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. ValuEngine raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Jefferies Group reissued a “buy” rating and set a $131.00 target price (up from $124.00) on shares of JPMorgan Chase & Co. in a report on Wednesday, February 21st. Morgan Stanley boosted their target price on shares of JPMorgan Chase & Co. from $128.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Finally, BMO Capital Markets boosted their target price on shares of JPMorgan Chase & Co. from $110.00 to $111.00 and gave the stock a “market perform” rating in a report on Wednesday, February 28th. 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 company. JPMorgan Chase & Co. has a consensus rating of “Hold” and an average price target of $112.75.

JPMorgan Chase & Co. 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 & Co. (NYSE:JPM)

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