Investment Partners Ltd. OH ADV Purchases 2,285 Shares of JPMorgan Chase & Co. (JPM)

Investment Partners Ltd. OH ADV grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 12.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,623 shares of the financial services provider’s stock after purchasing an additional 2,285 shares during the quarter. JPMorgan Chase & Co. makes up about 1.7% of Investment Partners Ltd. OH ADV’s investment portfolio, making the stock its 17th largest position. Investment Partners Ltd. OH ADV’s holdings in JPMorgan Chase & Co. were worth $2,268,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Keeler Thomas Management LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $112,000. Cerebellum GP LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $119,000. Price Wealth Management Inc. bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $124,000. Americafirst Capital Management LLC bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter valued at about $143,000. Finally, FSI Group LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $159,000. Hedge funds and other institutional investors own 72.01% of the company’s stock.

In other JPMorgan Chase & Co. news, Director Chase & Co Jpmorgan acquired 22,000 shares of the company’s stock in a transaction on Thursday, May 31st. The stock was acquired at an average price of $1,000.00 per share, for a total transaction of $22,000,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Todd A. Combs acquired 13,000 shares of the company’s stock in a transaction on Monday, May 14th. The stock was acquired at an average price 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 disclosure for this purchase can be found here. In the last quarter, insiders acquired 53,000 shares of company stock valued at $25,488,830. Company insiders own 0.73% of the company’s stock.

JPMorgan Chase & Co. opened at $105.08 on Tuesday, according to MarketBeat.com. JPMorgan Chase & Co. has a fifty-two week low of $88.08 and a fifty-two 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 company has a market capitalization of $357.61 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 1.73 and a beta of 1.20.

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 the 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 business had revenue of $27.90 billion during the quarter, compared to analysts’ expectations of $27.73 billion. During the same quarter last year, the business posted $1.65 EPS. The business’s revenue was up 12.0% on a year-over-year basis. research analysts expect that JPMorgan Chase & Co. will post 9.03 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Friday, July 6th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.13%. The ex-dividend date is Thursday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 32.61%.

JPM has been the topic of several recent research reports. Zacks Investment Research upgraded 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. Edward Jones upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Thursday, March 22nd. Credit Suisse Group increased their price objective on JPMorgan Chase & Co. from $125.00 to $127.00 and gave the company an “outperform” rating in a research report on Monday, March 19th. Vetr lowered JPMorgan Chase & Co. from a “strong-buy” rating to a “buy” rating and set a $123.29 price objective on the stock. in a research report on Thursday, April 5th. Finally, HSBC initiated coverage on JPMorgan Chase & Co. in a report on Wednesday, April 11th. They set a “hold” rating and a $111.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company. JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average target price of $114.06.

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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