GSA Capital Partners LLP bought a new stake in shares of JPMorgan Chase (NYSE:JPM) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,253 shares of the financial services provider’s stock, valued at approximately $502,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in JPMorgan Chase by 1.5% during the second quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock valued at $22,839,729,000 after purchasing an additional 3,717,683 shares in the last quarter. Northern Trust Corp raised its stake in shares of JPMorgan Chase by 1.8% in the second quarter. Northern Trust Corp now owns 48,965,734 shares of the financial services provider’s stock valued at $4,475,468,000 after acquiring an additional 847,463 shares during the period. Capital Research Global Investors raised its stake in shares of JPMorgan Chase by 2.5% in the second quarter. Capital Research Global Investors now owns 31,714,763 shares of the financial services provider’s stock valued at $2,898,729,000 after acquiring an additional 765,082 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of JPMorgan Chase by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 28,683,523 shares of the financial services provider’s stock valued at $2,621,677,000 after acquiring an additional 176,306 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of JPMorgan Chase by 1.8% in the third quarter. Legal & General Group Plc now owns 18,083,319 shares of the financial services provider’s stock valued at $1,727,118,000 after acquiring an additional 313,968 shares during the period. Institutional investors own 74.50% of the company’s stock.
Shares of JPM opened at $109.09 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $380,913.13, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24. JPMorgan Chase has a 52-week low of $81.64 and a 52-week high of $119.33.
JPMorgan Chase (NYSE:JPM) last announced its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.07. The firm had revenue of $24.15 billion for the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase had a net margin of 21.46% and a return on equity of 11.63%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.71 EPS. analysts forecast that JPMorgan Chase will post 8.89 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, April 6th will be given a dividend of $0.56 per share. The ex-dividend date is Thursday, April 5th. This represents a $2.24 annualized dividend and a dividend yield of 2.05%. JPMorgan Chase’s payout ratio is 32.61%.
Several brokerages have recently weighed in on JPM. Nomura increased their target price on shares of JPMorgan Chase from $113.00 to $117.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. ValuEngine raised shares of JPMorgan Chase from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Jefferies Group reiterated a “buy” rating and set a $131.00 target price (up from $124.00) on shares of JPMorgan Chase in a report on Wednesday, February 21st. Morgan Stanley increased their target price on shares of JPMorgan Chase from $128.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Finally, BMO Capital Markets increased their target price on shares of JPMorgan Chase from $110.00 to $111.00 and gave the stock a “market perform” rating in a report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $112.58.
In related news, Director James S. Crown acquired 7,280 shares of JPMorgan Chase stock in a transaction that occurred on Thursday, January 18th. The shares were purchased at an average cost of $113.37 per share, for a total transaction of $825,333.60. Following the acquisition, the director now owns 305,875 shares in the company, valued at $34,677,048.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ashley Bacon sold 16,434 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 98,811 shares in the company, valued at $11,088,570.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 152,047 shares of company stock worth $17,098,115. Corporate insiders own 0.88% of the company’s stock.
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JPMorgan Chase Profile
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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