Hennessy Advisors Inc. grew its position in shares of JPMorgan Chase (NYSE:JPM) by 121.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,370 shares of the financial services provider’s stock after purchasing an additional 19,370 shares during the period. Hennessy Advisors Inc.’s holdings in JPMorgan Chase were worth $3,782,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of JPMorgan Chase by 1.5% in the second quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock worth $22,839,729,000 after acquiring an additional 3,717,683 shares during the last quarter. Northern Trust Corp boosted its position 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 worth $4,475,468,000 after acquiring an additional 847,463 shares during the last quarter. Capital Research Global Investors boosted its position 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 worth $2,898,729,000 after acquiring an additional 765,082 shares during the last quarter. Dimensional Fund Advisors LP boosted its position 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 worth $2,621,677,000 after acquiring an additional 176,306 shares during the last quarter. Finally, Legal & General Group Plc boosted its position 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 worth $1,727,118,000 after acquiring an additional 313,968 shares during the last quarter. 74.50% of the stock is currently owned by institutional investors.
Several equities research analysts recently issued reports on the stock. Vining Sparks reissued a “buy” rating and issued a $130.00 target price on shares of JPMorgan Chase in a research report on Friday. Vetr cut shares of JPMorgan Chase from a “strong-buy” rating to a “buy” rating and set a $123.29 target price on the stock. in a research report on Thursday. ValuEngine cut shares of JPMorgan Chase from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Edward Jones raised shares of JPMorgan Chase from a “hold” rating to a “buy” rating in a research report on Thursday, March 22nd. Finally, Zacks Investment Research cut shares of JPMorgan Chase from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $112.58.
In other news, General Counsel Stacey Friedman sold 17,729 shares of JPMorgan Chase stock in a transaction that occurred on Wednesday, January 17th. The shares were 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 $2,388,135.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mary E. Erdoes sold 65,101 shares of JPMorgan Chase stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $112.25, for a total transaction of $7,307,587.25. Following the sale, the chief executive officer now owns 479,882 shares in the company, valued at approximately $53,866,754.50. The disclosure for this sale can be found here. Insiders have sold 152,047 shares of company stock worth $17,098,115 in the last quarter. Insiders own 0.88% of the company’s stock.
Shares of JPM stock opened at $109.09 on Friday. The company 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 fifty-two week low of $81.64 and a fifty-two week high of $119.33. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.01 and a current ratio of 1.01.
JPMorgan Chase (NYSE:JPM) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. The company had revenue of $24.15 billion for the quarter, compared to analyst estimates of $24.87 billion. JPMorgan Chase had a net margin of 21.46% and a return on equity of 11.63%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.71 earnings per share. equities research analysts anticipate that JPMorgan Chase will post 8.89 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, April 6th will be paid 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 dividend payout ratio is currently 32.61%.
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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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