Johnson Investment Counsel Inc. raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 13.0% during the 4th quarter, Holdings Channel reports. The fund owned 266,386 shares of the financial services provider’s stock after purchasing an additional 30,624 shares during the period. Johnson Investment Counsel Inc.’s holdings in JPMorgan Chase & Co. were worth $45,312,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of JPM. Stone House Investment Management LLC raised its stake in JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 89 shares during the last quarter. Bare Financial Services Inc purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth $35,000. Briaud Financial Planning Inc purchased a new position in JPMorgan Chase & Co. in the 3rd quarter worth $40,000. Stuart Chaussee & Associates Inc. purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth $40,000. Finally, Rakuten Securities Inc. purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth $44,000. Institutional investors own 71.55% of the company’s stock.
JPMorgan Chase & Co. Price Performance
JPM stock opened at $202.47 on Friday. JPMorgan Chase & Co. has a 12-month low of $134.40 and a 12-month high of $204.48. The business’s fifty day moving average price is $193.51 and its 200 day moving average price is $175.61. The company has a market capitalization of $581.43 billion, a PE ratio of 12.23, a P/E/G ratio of 2.45 and a beta of 1.13. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The business had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 16.21 EPS for the current year.
JPMorgan Chase & Co. Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.27%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.
Insiders Place Their Bets
In related news, CEO Marianne Lake sold 11,734 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $200.02, for a total value of $2,347,034.68. Following the sale, the chief executive officer now owns 122,740 shares of the company’s stock, valued at approximately $24,550,454.80. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Robin Leopold sold 3,000 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $198.86, for a total transaction of $596,580.00. Following the sale, the insider now directly owns 44,113 shares of the company’s stock, valued at $8,772,311.18. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Marianne Lake sold 11,734 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $200.02, for a total value of $2,347,034.68. Following the completion of the transaction, the chief executive officer now owns 122,740 shares of the company’s stock, valued at $24,550,454.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,071,414 shares of company stock worth $196,746,504. 0.79% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of research firms have weighed in on JPM. Oppenheimer reduced their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research note on Monday, April 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $185.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. UBS Group reduced their price objective on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a research note on Tuesday, April 16th. Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Finally, BMO Capital Markets reduced their price objective on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research note on Monday, April 15th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $192.05.
About JPMorgan Chase & Co.
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 deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.
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Source: defenseworld.net
