Shaker Investments LLC OH increased its position in JPMorgan Chase & Co. (NYSE: JPM – Get Rating) by 1.7% in Q1, according to the company in its latest filing with the Securities and Exchange Commission (SEC). The fund held 8,171 shares of the financial services provider after buying an additional 133 shares during the period. Shaker Investments LLC OH’s holdings in JPMorgan Chase & Co. were worth $1,114,000 when it last filed with the Securities and Exchange Commission (SEC).
Several other institutional investors have also increased or reduced their stake in the company. Compagnie Lombard Odier SCmA increased its stake in JPMorgan Chase & Co. by 4.2% in the first quarter. Compagnie Lombard Odier SCmA now owns 853,412 shares of the financial services provider worth $116,319,000 after purchasing an additional 34,324 shares in the last quarter. Eukles Asset Management increased its stake in JPMorgan Chase & Co. by 10.1% in the first quarter. Eukles Asset Management now owns 3,773 shares of the financial services provider worth $514,000 after buying 346 additional shares in the last quarter. AMI Asset Management Corp increased its stake in JPMorgan Chase & Co. by 19.7% in the first quarter. AMI Asset Management Corp now owns 7,716 shares of the financial services provider worth $1,052,000 after buying an additional 1,272 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its stake in JPMorgan Chase & Co. by 14.3% in the first quarter. Vestmark Advisory Solutions Inc. now owns 103,000 shares of the financial services provider worth $14,041,000 after buying 12,887 additional shares in the last quarter. Finally, Girard Partners LTD. increased its stake in JPMorgan Chase & Co. by 6.5% in the first quarter. Girard Partners Ltd. now owns 83,763 shares of the financial services provider worth $11,418,000 after purchasing an additional 5,083 shares in the last quarter. Institutional investors hold 70.35% of the company’s shares.
Wall Street analysts predict growth
JPM has been the subject of several analyst reports. Goldman Sachs Group has set a price target of $151.00 on JPMorgan Chase & Co. shares and assigned the stock a “buy” rating in a Thursday, April 14 research note. Berenberg Bank set a price target of $120.00 on shares of JPMorgan Chase & Co. in a Tuesday, April 19 research note. Argus lowered its price target on JPMorgan Chase & Co. shares from $177.00 to $155.00 in a Thursday, April 14 research note. Societe Generale upgraded JPMorgan Chase & Co. shares from a “hold” to a “buy” rating and raised its price target for the company from $145.00 to $150.00 in a note. research on Tuesday, May 24. Finally, Oppenheimer cut his price target on JPMorgan Chase & Co. stock from $154.00 to $153.00 and set an “outperform” rating for the company in a research note on Friday. An equity research analyst rated the stock with a sell rating, seven gave the company a hold rating and nine gave the company a buy rating. Based on MarketBeat data, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average price target of $145.95.
JPMorgan Chase & Co. stock performance
Shares of JPM opened at $112.95 on Monday. The company’s 50-day moving average is $119.34 and its 200-day moving average is $134.17. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt ratio of 1.14. JPMorgan Chase & Co. has a 52-week low of $106.06 and a 52-week high of $172.96. The company has a market capitalization of $331.74 billion, a price/earnings ratio of 9.07, a PEG ratio of 2.00 and a beta of 1.15.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly results on Thursday, July 14. The financial services provider reported earnings per share (EPS) of $2.76 for the quarter, hitting the consensus estimate of $2.76. JPMorgan Chase & Co. posted a net margin of 30.41% and a return on equity of 15.29%. The company posted revenue of $30.72 billion for the quarter, versus analyst estimates of $31.82 billion. In the same period a year earlier, the company earned earnings per share of $3.78. The company’s revenue for the quarter increased 0.8% year over year. On average, sell-side analysts expect JPMorgan Chase & Co. to post EPS of 11.26 for the current fiscal year.
JPMorgan Chase & Co. announces dividend
The company also recently declared a quarterly dividend, which will be paid on Sunday, July 31. Shareholders of record on Wednesday, July 6 will receive a dividend of $1.00. This represents an annualized dividend of $4.00 and a yield of 3.54%. The ex-dividend date is Tuesday, July 5. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.10%.
Insiders place their bets
In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 21,012 shares of JPMorgan Chase & Co. in a trade on Tuesday, April 19. The shares were sold at an average price of $130.04, for a total value of $2,732,400.48. Following the transaction, the insider now directly owns 178,588 shares of the company, valued at $23,223,583.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Company insiders own 0.79% of the company’s shares.
About JPMorgan Chase & Co.
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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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