Morse Asset Management Inc lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 34.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,330 shares of the financial services provider’s stock after purchasing an additional 1,885 shares during the quarter. Morse Asset Management Inc’s holdings in JPMorgan Chase & Co. were worth $806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. Stifel Financial Corp grew its holdings 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 worth $415,662,000 after acquiring an additional 4,305,449 shares during the period. Mackenzie Financial Corp grew its holdings in shares of JPMorgan Chase & Co. by 421.0% in the fourth quarter. Mackenzie Financial Corp now owns 3,427,864 shares of the financial services provider’s stock worth $366,576,000 after acquiring an additional 2,769,926 shares during the period. ADAMCAPITAL Gestao de Recursos Ltda. bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $262,139,000. Jennison Associates LLC grew its holdings in shares of JPMorgan Chase & Co. by 11.7% in the fourth quarter. Jennison Associates LLC now owns 17,180,823 shares of the financial services provider’s stock worth $1,837,317,000 after acquiring an additional 1,804,721 shares during the period. Finally, Atlantic Trust Group LLC grew its holdings 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 worth $420,070,000 after acquiring an additional 1,692,999 shares during the period. Hedge funds and other institutional investors own 71.98% of the company’s stock.
Several analysts recently commented on JPM shares. Zacks Investment Research lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. HSBC started coverage on JPMorgan Chase & Co. in a report on Wednesday, April 11th. They issued a “hold” rating and a $111.00 price objective for the company. ValuEngine lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Vetr lowered JPMorgan Chase & Co. from a “strong-buy” rating to a “buy” rating and set a $123.29 price objective for the company. in a report on Thursday, April 5th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $122.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, April 16th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $114.06.
NYSE:JPM opened at $107.51 on Friday. JPMorgan Chase & Co. has a 52-week low of $86.61 and a 52-week high of $119.33. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $369.07 billion, a price-to-earnings ratio of 15.65, a P/E/G ratio of 1.79 and a beta of 1.21.
JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, April 13th. The financial services provider reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.09. The firm had revenue of $27.90 billion during the quarter, compared to analyst estimates of $27.73 billion. JPMorgan Chase & Co. had a return on equity of 12.60% and a net margin of 22.53%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.65 earnings per share. equities research analysts predict that JPMorgan Chase & Co. will post 9.03 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Friday, July 6th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Thursday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 32.61%.
In other JPMorgan Chase & Co. news, Director Chase & Co Jpmorgan acquired 22,000 shares of the company’s stock in a transaction dated Thursday, May 31st. The stock was purchased at an average price of $1,000.00 per share, with a total value of $22,000,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Todd A. Combs acquired 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 purchase, the director now owns 18,277 shares of the company’s stock, valued at $2,094,726.97. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 53,000 shares of company stock valued at $25,488,830. Corporate insiders own 0.73% of the company’s stock.
JPMorgan Chase & Co. 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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