Bartlett & Co. LLC increased its holdings in JPMorgan Chase & Co. (NYSE: JPM) by 0.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 679,564 shares of the financial services provider’s stock after buying an additional 2,888 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.8% of Bartlett & Co. LLC’s portfolio, making the stock its 10th largest holding. Bartlett & Co. LLC’s holdings in JPMorgan Chase & Co. were worth $ 107,609,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the stock. State Street Corp raised its position in shares of JPMorgan Chase & Co. by 1.6% in the fourth quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock worth $ 22,441,376,000 after buying an additional 2,277,065 shares in the last quarter. Geode Capital Management LLC increased its stake in JPMorgan Chase & Co. by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 47,806,506 shares of the financial services provider’s stock valued at $ 7,548,705,000 after acquiring an additional 687,571 shares during the last quarter. Morgan Stanley increased its stake in JPMorgan Chase & Co. by 1.4% in the second quarter. Morgan Stanley now owns 38,288,577 shares of the financial services provider’s stock valued at $ 5,955,407,000 after acquiring an additional 510,298 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in JPMorgan Chase & Co. by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 17,802,465 shares of the financial services provider’s stock valued at $ 2,819,021,000 after acquiring an additional 273,693 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in JPMorgan Chase & Co. by 9.8% in the third quarter. UBS Asset Management Americas Inc. now owns 15,741,146 shares of the financial services provider’s stock valued at $ 2,576,668,000 after acquiring an additional 1,403,825 shares during the last quarter. Institutional investors own 70.35% of the company stock.
In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 4,668 shares of the firm’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 completion of the sale, the chief executive officer now directly owns 11,135 shares in the company, valued at $ 1,405,125.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ashley Bacon sold 21,012 shares of the firm’s stock in a transaction dated Tuesday, April 19th. The stock was 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 owns 178,588 shares of the company stock, valued at $ 23,223,583.52. The disclosure for this sale can be found here. Company insiders own 0.79% of the company stock.
A number of research firms recently commented on JPM. The Goldman Sachs Group set a $ 151.00 target price on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Thursday, April 14th. StockNews.com started coverage on JPMorgan Chase & Co. in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Berenberg Bank set a $ 120.00 target price on JPMorgan Chase & Co. in a research note on Tuesday, April 19th. Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $ 145.00 to $ 150.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 24th. Finally, Jefferies Financial Group raised their price objective on JPMorgan Chase & Co. from $ 125.00 to $ 137.00 in a research note on Tuesday, May 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average price target of $ 161.83.
JPMorgan Chase & Co. stock opened at $ 113.03 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.16. The firm has a 50-day moving average of $ 124.32 and a 200-day moving average of $ 140.73. The firm has a market cap of $ 331.97 billion, a P / E ratio of 8.39, a P / E / G ratio of 2.02 and a beta of 1.11. JPMorgan Chase & Co. has a 1-year low of $ 111.87 and a 1-year high of $ 172.96.
JPMorgan Chase & Co. (NYSE: JPM – Get Rating) last posted its earnings results on Wednesday, April 13th. The financial services provider reported $ 2.63 earnings per share for the quarter, missing analysts’ consensus estimates of $ 2.73 by ($ 0.10). The firm had revenue of $ 30.72 billion for the quarter, compared to analysts’ expectations of $ 30.53 billion. JPMorgan Chase & Co. had a return on equity of 16.58% and a net margin of 33.61%. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $ 4.50 earnings per share. Research analysts forecast that JPMorgan Chase & Co. will post 11.23 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th will be issued a $ 1.00 dividend. The ex-dividend date is Tuesday, July 5th. This represents a $ 4.00 annualized dividend and a yield of 3.54%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.67%.
JPMorgan Chase & Co. Company Profile: (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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