Arbor Investment Advisors LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 6.7% in the first quarter, HoldingsChannel.com reports. The fund owned 5,031 shares of the financial services provider’s stock after buying an additional 314 shares during the quarter. Arbor Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $686,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $4,092,843,000. GQG Partners LLC raised its position in JPMorgan Chase & Co. by 403.3% in the 4th quarter. GQG Partners LLC now owns 5,095,612 shares of the financial services provider’s stock worth $806,728,000 after purchasing an additional 4,083,231 shares during the last quarter. Renaissance Technologies LLC raised its position in JPMorgan Chase & Co. by 1,543.7% in the 4th quarter. Renaissance Technologies LLC now owns 3,341,486 shares of the financial services provider’s stock worth $529,124,000 after purchasing an additional 3,138,200 shares during the last quarter. State Street Corp raised its position in JPMorgan Chase & Co. by 1.6% in the 4th quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock worth $22,441,376,000 after purchasing an additional 2,277,065 shares during the last quarter. Finally, National Bank of Canada FI bought a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $298,028,000. Institutional investors own 70.35% of the company’s stock.
Shares of NYSE JPM opened at $111.89 on Thursday. The firm has a market cap of $328.63 billion, a PE ratio of 8.30, a PEG ratio of 2.03 and a beta of 1.15. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.16. JPMorgan Chase & Co. has a 1-year low of $109.30 and a 1-year high of $172.96. The company has a fifty day moving average price of $120.80 and a 200 day moving average price of $136.67.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings results on Wednesday, April 13th. The financial services provider reported $2.63 EPS for the quarter, missing the consensus estimate of $2.73 by ($0.10). JPMorgan Chase & Co. had a return on equity of 16.58% and a net margin of 33.61%. The business had revenue of $30.72 billion for the quarter, compared to the consensus estimate of $30.53 billion. During the same period last year, the firm earned $4.50 earnings per share. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. Equities research analysts forecast that JPMorgan Chase & Co. will post 11.25 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, July 5th. This represents a $4.00 annualized dividend and a yield of 3.57%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.67%.
JPM has been the subject of several research analyst reports. Jefferies Financial Group boosted their price objective on shares of JPMorgan Chase & Co. from $125.00 to $137.00 in a research report on Tuesday, May 24th. Piper Sandler lowered their target price on shares of JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating for the company in a report on Friday, July 1st. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $148.00 target price (up previously from $142.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, May 24th. Argus lowered their target price on shares of JPMorgan Chase & Co. from $177.00 to $155.00 in a report on Thursday, April 14th. Finally, BMO Capital Markets lifted their target price on shares of JPMorgan Chase & Co. from $150.00 to $156.00 in a report on Tuesday, May 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $159.33.
In other news, CEO Jennifer Piepszak sold 4,668 shares of the company’s stock in a transaction dated Thursday, April 14th. The shares were sold at an average price of $126.19, for a total value of $589,054.92. Following the sale, the chief executive officer now directly owns 11,135 shares of the company’s stock, valued at approximately $1,405,125.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ashley Bacon sold 21,012 shares of the company’s stock in a transaction dated Tuesday, April 19th. The shares were sold at an average price of $130.04, for a total transaction of $2,732,400.48. Following the completion of the sale, the insider now directly owns 178,588 shares in the company, valued at $23,223,583.52. The disclosure for this sale can be found here. Insiders own 0.79% of the company’s stock.
About JPMorgan Chase & Co. (Get Rating)
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.
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