Sei Investments Co. Reduces Holdings in JPMorgan Chase & Co. (JPM)

Sei Investments Co. reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,030,559 shares of the financial services provider’s stock after selling 58,355 shares during the period. JPMorgan Chase & Co. comprises about 0.8% of Sei Investments Co.’s holdings, making the stock its 14th largest position. Sei Investments Co. owned approximately 0.06% of JPMorgan Chase & Co. worth $217,148,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Legal & General Group Plc increased its holdings in shares of JPMorgan Chase & Co. by 1.8% during the 3rd quarter. Legal & General Group Plc now owns 18,083,319 shares of the financial services provider’s stock valued at $1,727,118,000 after acquiring an additional 313,968 shares during the last quarter. Capital International Investors increased its holdings in shares of JPMorgan Chase & Co. by 4.6% during the 3rd quarter. Capital International Investors now owns 18,080,222 shares of the financial services provider’s stock valued at $1,726,842,000 after acquiring an additional 802,024 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of JPMorgan Chase & Co. by 11.7% during the 4th quarter. Jennison Associates LLC now owns 17,180,823 shares of the financial services provider’s stock valued at $1,837,317,000 after acquiring an additional 1,804,721 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of JPMorgan Chase & Co. by 3.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 12,689,478 shares of the financial services provider’s stock valued at $1,356,838,000 after acquiring an additional 373,921 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in JPMorgan Chase & Co. by 9.3% during the 4th quarter. American Century Companies Inc. now owns 10,898,177 shares of the financial services provider’s stock valued at $1,165,451,000 after purchasing an additional 925,232 shares during the period. 72.18% of the stock is currently owned by institutional investors.

In related news, Director Todd A. Combs bought 13,000 shares of the company’s stock in a transaction dated Monday, May 14th. The stock was acquired at an average cost of $114.61 per share, with a total value of $1,489,930.00. Following the acquisition, the director now owns 18,277 shares in the company, valued at approximately $2,094,726.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mellody L. Hobson bought 18,000 shares of the company’s stock in a transaction dated Monday, April 16th. The stock was bought at an average cost of $111.05 per share, with a total value of $1,998,900.00. Following the completion of the acquisition, 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 JPM stock opened at $110.66 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.19. JPMorgan Chase & Co. has a 12 month low of $81.64 and a 12 month high of $119.33. The company has a market capitalization of $381.74 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 1.84 and a beta of 1.24.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Friday, July 6th will be issued a $0.56 dividend. The ex-dividend date of this dividend 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 payout ratio is presently 32.61%.

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods upgraded JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $127.00 target price for the company in a research note on Tuesday, February 13th. ValuEngine upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Vetr upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $105.98 target price for the company in a research note on Monday, February 12th. Jefferies Group restated a “buy” rating and set a $122.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, April 16th. Finally, Zacks Investment Research downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus 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.

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

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