KBC Group NV decreased its position in JPMorgan Chase (NYSE:JPM) by 5.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,686,932 shares of the financial services provider’s stock after selling 98,542 shares during the quarter. JPMorgan Chase accounts for approximately 1.5% of KBC Group NV’s holdings, making the stock its 4th biggest holding. KBC Group NV’s holdings in JPMorgan Chase were worth $180,401,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of JPM. Welch Investments LLC bought a new stake in JPMorgan Chase during the 3rd quarter worth about $103,000. Cerebellum GP LLC bought a new stake in JPMorgan Chase during the 4th quarter worth about $119,000. Price Wealth Management Inc. bought a new stake in JPMorgan Chase during the 4th quarter worth about $124,000. Lipe & Dalton bought a new stake in JPMorgan Chase during the 3rd quarter worth about $143,000. Finally, Americafirst Capital Management LLC bought a new stake in JPMorgan Chase during the 3rd quarter worth about $143,000. 74.26% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:JPM opened at $111.13 on Friday. The company has a market capitalization of $387.67 billion, a P/E ratio of 16.18, a PEG ratio of 1.87 and a beta of 1.24. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.01 and a current ratio of 1.01. JPMorgan Chase has a fifty-two week low of $81.64 and a fifty-two week high of $119.33.
JPMorgan Chase (NYSE:JPM) last announced its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.09. The business had revenue of $27.90 billion for the quarter, compared to the consensus estimate of $27.73 billion. JPMorgan Chase had a net margin of 22.53% and a return on equity of 12.60%. JPMorgan Chase’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the company posted $1.65 EPS. analysts forecast that JPMorgan Chase will post 9.05 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Friday, July 6th will be given a $0.56 dividend. The ex-dividend date is Thursday, July 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.02%. JPMorgan Chase’s dividend payout ratio is 32.61%.
A number of equities research analysts have commented on JPM shares. ValuEngine raised shares of JPMorgan Chase from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Morgan Stanley increased their price objective 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. Vetr raised shares of JPMorgan Chase from a “strong sell” rating to a “sell” rating and set a $102.07 price objective on the stock in a report on Tuesday, February 6th. Keefe, Bruyette & Woods raised shares of JPMorgan Chase from a “market perform” rating to an “outperform” rating and set a $127.00 price objective on the stock in a report on Tuesday, February 13th. Finally, Jefferies Group restated a “buy” rating and set a $131.00 target price (up from $124.00) on shares of JPMorgan Chase in a research report on Wednesday, February 21st. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $112.75.
In related news, Director Todd A. Combs bought 13,000 shares of the company’s stock in a transaction on Monday, May 14th. The shares were purchased at an average cost of $114.61 per share, for a total transaction of $1,489,930.00. Following the acquisition, the director now owns 18,277 shares of the company’s stock, valued at approximately $2,094,726.97. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Mellody L. Hobson bought 18,000 shares of the company’s stock in a transaction on Monday, April 16th. The shares were bought at an average price of $111.05 per share, for a total transaction of $1,998,900.00. Following the completion of the acquisition, the director now directly owns 864 shares in the company, valued at approximately $95,947.20. The disclosure for this purchase can be found here. Company insiders own 0.73% of the company’s stock.
JPMorgan Chase Company 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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