Farmers & Merchants Investments Inc. buys 6,715 shares of JPMorgan Chase & Co. (NYSE: JPM)

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Farmers & Merchants Investments Inc. increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.4% during the 1st quarter, HoldingsChannel reports. The fund held 160,963 shares of the financial services provider after buying an additional 6,715 shares during the quarter. JPMorgan Chase & Co. accounts for about 0.8% of Farmers & Merchants Investments Inc.’s portfolio, making the stock its 22nd largest holding. Farmers & Merchants Investments Inc.’s holdings in JPMorgan Chase & Co. were worth $21,942,000 at the end of the last quarter.

Other hedge funds and other institutional investors have also recently increased or reduced their stakes in the company. Norges Bank purchased a new equity stake in JPMorgan Chase & Co. during Q4 for a value of approximately $4,092,843,000. GQG Partners LLC increased its stake in JPMorgan Chase & Co. shares by 403.3% during the 4th quarter. GQG Partners LLC now owns 5,095,612 shares of the financial services provider worth $806,728,000 after purchasing an additional 4,083,231 shares last quarter. Renaissance Technologies LLC increased its stake in shares of JPMorgan Chase & Co. by 1,543.7% during the 4th quarter. Renaissance Technologies LLC now owns 3,341,486 shares of the financial services provider worth $529,124,000 after purchasing an additional 3,138,200 shares in the last quarter. State Street Corp increased its stake in JPMorgan Chase & Co. shares by 1.6% during the 4th quarter. State Street Corp now owns 141,720,090 shares of the financial services provider worth $22,441,376,000 after buying an additional 2,277,065 shares last quarter. Finally, National Bank of Canada FI acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter with a value of approximately $298,028,000. Hedge funds and other institutional investors hold 70.35% of the company’s shares.

NYSE: JPM opened at $114.05 on Monday. The stock has a fifty-day moving average price of $121.46 and a 200-day moving average price of $137.31. The company has a market capitalization of $334.97 billion, a price-earnings ratio of 8.46, a PEG ratio of 2.03 and a beta of 1.15. The company has a debt ratio of 1.16, a quick ratio of 0.82 and a current ratio of 0.82. JPMorgan Chase & Co. has a fifty-two week low of $110.93 and a fifty-two week high of $172.96.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last reported quarterly earnings data on Wednesday, April 13. The financial services provider reported earnings per share of $2.63 for the quarter, missing the consensus estimate of $2.73 per ($0.10). JPMorgan Chase & Co. achieved a return on equity of 16.58% and a net margin of 33.61%. The company posted revenue of $30.72 billion for the quarter, versus a consensus estimate of $30.53 billion. In the same quarter of the previous year, the company had earned earnings per share of $4.50. JPMorgan Chase & Co.’s quarterly revenue fell 4.8% from the same quarter last year. Research analysts predict that JPMorgan Chase & Co. will post an EPS of 11.25 for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, July 31. Investors of record on Wednesday, July 6 will receive a dividend of $1.00 per share. The ex-dividend date is Tuesday, July 5. This represents an annualized dividend of $4.00 and a dividend yield of 3.51%. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.67%.

A number of research analysts have weighed in on JPM shares recently. Keefe, Bruyette & Woods reissued a “market performance” rating and set a target price of $148.00 (from $142.00) on JPMorgan Chase & Co. stock in a Tuesday, May 24 report. Goldman Sachs Group set a target price of $151.00 on JPMorgan Chase & Co. and gave the stock a “buy” rating in a Thursday, April 14, report. BMO Capital Markets raised its target price on JPMorgan Chase & Co. from $150.00 to $156.00 in a Tuesday, May 24 report. Piper Sandler lowered its price target on JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating on the stock in a report on Friday. Finally, StockNews.com launched coverage on JPMorgan Chase & Co. in a Thursday, March 31 report. They issued a “holding” rating on the stock. One investment analyst gave the stock a sell rating, eight gave the company a hold rating and eight gave the company a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $159.33.

Separately, CEO Jennifer Piepszak sold 4,668 shares of the company in a trade on Thursday, April 14. The stock was sold at an average price of $126.19, for a total transaction of $589,054.92. Following the completion of the sale, the CEO now directly owns 11,135 shares of the company, valued at approximately $1,405,125.65. The sale was disclosed in a filing with the SEC, which is available via this link. Additionally, insider Ashley Bacon sold 21,012 shares of the company in a trade on Tuesday, April 19. The stock was sold at an average price of $130.04, for a total value of $2,732,400.48. Following the sale, the insider now owns 178,588 shares of the company, valued at $23,223,583.52. The disclosure of this sale can be found here. 0.79% of the shares are held by insiders.

Profile of JPMorgan Chase & Co. (Get a rating)

JPMorgan Chase & Co operates as a worldwide financial services company. 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 consumer services; lending, deposit, cash management and payment solutions for small businesses; mortgage origination and management activities; residential mortgages and home equity loans; and credit card, car loan and leasing services.

See also

Want to see what other hedge funds hold JPM? Visit HoldingsChannel.com for the latest 13F filings and insider trading for JPMorgan Chase & Co. (NYSE:JPM – Get Rating).

Institutional ownership by quarter for JPMorgan Chase & Co. (NYSE: JPM)



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