Chicago Partners Investment Group LLC increased its stake in JPMorgan Chase (NYSE:JPM) by 444.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,988 shares of the financial services provider’s stock after purchasing an additional 13,868 shares during the period. Chicago Partners Investment Group LLC’s holdings in JPMorgan Chase were worth $1,623,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. ETRADE Capital Management LLC boosted its stake in JPMorgan Chase by 4.2% in the 3rd quarter. ETRADE Capital Management LLC now owns 88,152 shares of the financial services provider’s stock worth $8,419,000 after purchasing an additional 3,513 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in JPMorgan Chase by 8.4% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 286,186 shares of the financial services provider’s stock worth $27,334,000 after purchasing an additional 22,236 shares during the period. Sei Investments Co. boosted its stake in JPMorgan Chase by 3.4% in the 3rd quarter. Sei Investments Co. now owns 2,088,914 shares of the financial services provider’s stock worth $199,513,000 after purchasing an additional 68,418 shares during the period. Aviva PLC boosted its stake in JPMorgan Chase by 5.5% in the 2nd quarter. Aviva PLC now owns 3,082,910 shares of the financial services provider’s stock worth $281,840,000 after purchasing an additional 160,019 shares during the period. Finally, FDx Advisors Inc. boosted its stake in JPMorgan Chase by 11.3% in the 3rd quarter. FDx Advisors Inc. now owns 136,089 shares of the financial services provider’s stock worth $12,998,000 after purchasing an additional 13,827 shares during the period. Hedge funds and other institutional investors own 74.50% of the company’s stock.
In related news, insider Ashley Bacon sold 16,434 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the sale, the insider now owns 98,811 shares in the company, valued at approximately $11,088,570.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 17,729 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $112.33, for a total transaction of $1,991,498.57. Following the sale, the general counsel now owns 21,260 shares in the company, valued at approximately $2,388,135.80. The disclosure for this sale can be found here. Insiders have sold a total of 152,047 shares of company stock worth $17,098,115 in the last quarter. 0.88% of the stock is currently owned by company insiders.
Shares of NYSE:JPM traded down $2.79 on Friday, reaching $109.09. 18,902,876 shares of the company’s stock were exchanged, compared to its average volume of 15,024,250. JPMorgan Chase has a twelve month low of $81.64 and a twelve month high of $119.33. The firm has a market cap of $383,967.56, a PE ratio of 15.88, a PEG ratio of 1.89 and a beta of 1.24. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.24.
JPMorgan Chase (NYSE:JPM) last announced its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.07. JPMorgan Chase had a net margin of 21.46% and a return on equity of 11.63%. The firm had revenue of $24.15 billion for the quarter, compared to analyst estimates of $24.87 billion. During the same quarter in the prior year, the business posted $1.71 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. research analysts expect that JPMorgan Chase will post 8.89 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 6th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.05%. JPMorgan Chase’s payout ratio is presently 32.61%.
A number of brokerages recently weighed in on JPM. Vetr lowered shares of JPMorgan Chase from a “strong-buy” rating to a “buy” rating and set a $123.29 target price for the company. in a research note on Thursday. ValuEngine cut shares of JPMorgan Chase from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Vining Sparks reissued a “buy” rating and set a $130.00 price target on shares of JPMorgan Chase in a research report on Friday. Zacks Investment Research cut shares of JPMorgan Chase from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Finally, Nomura boosted their price target on shares of JPMorgan Chase from $113.00 to $117.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $112.58.
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About JPMorgan Chase
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.
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