Lynch & Associates IN increased its position in JPMorgan Chase (NYSE:JPM) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,972 shares of the financial services provider’s stock after acquiring an additional 925 shares during the period. Lynch & Associates IN’s holdings in JPMorgan Chase were worth $2,350,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted 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 valued at $22,839,729,000 after acquiring an additional 3,717,683 shares in the last quarter. Northern Trust Corp lifted 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 valued at $4,475,468,000 after acquiring an additional 847,463 shares in the last quarter. Capital Research Global Investors lifted 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 valued at $2,898,729,000 after acquiring an additional 765,082 shares in the last quarter. Dimensional Fund Advisors LP lifted 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 valued at $2,621,677,000 after acquiring an additional 176,306 shares in the last quarter. Finally, Legal & General Group Plc lifted 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 valued at $1,727,118,000 after acquiring an additional 313,968 shares in the last quarter. 74.50% of the stock is owned by institutional investors.
In other news, Director James S. Crown acquired 7,280 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The shares were bought at an average price of $113.37 per share, with a total value of $825,333.60. Following the completion of the purchase, the director now directly 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 can be accessed through this hyperlink. Also, insider Peter Scher sold 26,532 shares of the stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $113.42, for a total value of $3,009,259.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 152,047 shares of company stock worth $17,098,115. Insiders own 0.88% of the company’s stock.
Several equities analysts have recently commented on the company. Buckingham Research upgraded JPMorgan Chase from a “neutral” rating to a “buy” rating in a research report on Thursday, December 21st. Nomura set a $115.00 target price on JPMorgan Chase and gave the stock a “neutral” rating in a research report on Friday, January 12th. Vetr upgraded JPMorgan Chase from a “strong sell” rating to a “sell” rating and set a $102.07 target price on the stock in a research report on Tuesday, February 6th. Zacks Investment Research downgraded JPMorgan Chase from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Finally, Argus boosted their target price on JPMorgan Chase from $109.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $112.58.
Shares of JPM traded down $2.79 during mid-day trading on Friday, reaching $109.09. 18,906,018 shares of the company’s stock traded hands, compared to its average volume of 15,024,250. The stock has a market cap of $374,392.41, a price-to-earnings ratio of 15.88, a P/E/G ratio of 1.84 and a beta of 1.24. JPMorgan Chase has a 12 month low of $81.64 and a 12 month 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 released its earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 11.63% and a net margin of 21.46%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.71 earnings per share. analysts predict that JPMorgan Chase will post 8.89 earnings per share for the current fiscal year.
The firm also recently announced 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 32.61%.
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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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