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.
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