Girard Partners LTD. Buys 2,065 Shares of JPMorgan Chase (JPM)

Girard Partners LTD. lifted its stake in shares of JPMorgan Chase (NYSE:JPM) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,326 shares of the financial services provider’s stock after acquiring an additional 2,065 shares during the quarter. JPMorgan Chase accounts for about 1.4% of Girard Partners LTD.’s portfolio, making the stock its 16th largest position. Girard Partners LTD.’s holdings in JPMorgan Chase were worth $7,414,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Legal & General Group Plc increased its holdings in 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 buying an additional 313,968 shares during the last quarter. Capital International Investors increased its holdings in JPMorgan Chase by 4.6% in the third quarter. Capital International Investors now owns 18,080,222 shares of the financial services provider’s stock valued at $1,726,842,000 after buying an additional 802,024 shares during the last quarter. Jennison Associates LLC increased its holdings in JPMorgan Chase by 11.7% in the fourth quarter. Jennison Associates LLC now owns 17,180,823 shares of the financial services provider’s stock valued at $1,837,317,000 after buying an additional 1,804,721 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in JPMorgan Chase by 3.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 12,689,478 shares of the financial services provider’s stock valued at $1,356,838,000 after buying an additional 373,921 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in JPMorgan Chase by 9.3% in the fourth quarter. American Century Companies Inc. now owns 10,898,177 shares of the financial services provider’s stock valued at $1,165,451,000 after buying an additional 925,232 shares during the last quarter. 74.26% of the stock is currently owned by institutional investors and hedge funds.

Shares of JPM opened at $111.13 on Monday. JPMorgan Chase has a fifty-two week low of $81.64 and a fifty-two week high of $119.33. The stock has a market cap of $381.39 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 1.84 and a beta of 1.24. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.01 and a quick ratio of 1.01.

JPMorgan Chase (NYSE:JPM) last announced its earnings results on Friday, April 13th. The financial services provider reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.09. JPMorgan Chase had a net margin of 22.53% and a return on equity of 12.60%. The business had revenue of $27.90 billion during the quarter, compared to the consensus estimate of $27.73 billion. During the same quarter in the prior year, the firm earned $1.65 earnings per share. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. sell-side analysts anticipate that JPMorgan Chase will post 9.05 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Friday, July 6th will be paid a dividend of $0.56 per share. The ex-dividend date is Thursday, July 5th. This represents a $2.24 annualized dividend and a dividend yield of 2.02%. JPMorgan Chase’s dividend payout ratio (DPR) is 32.61%.

JPM has been the topic of several recent analyst reports. Jefferies Group reissued a “buy” rating and issued a $131.00 target price (up previously from $124.00) on shares of JPMorgan Chase in a report on Wednesday, February 21st. ValuEngine raised JPMorgan Chase from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised JPMorgan Chase from a “hold” rating to a “buy” rating and set a $129.00 target price on the stock in a report on Monday, March 19th. Edward Jones raised JPMorgan Chase from a “hold” rating to a “buy” rating in a report on Thursday, March 22nd. Finally, Vetr lowered JPMorgan Chase from a “strong-buy” rating to a “buy” rating and set a $123.29 target price on the stock. in a report on Thursday, April 5th. Two investment 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. JPMorgan Chase has a consensus rating of “Hold” and an average price target of $112.75.

In other JPMorgan Chase news, Director Mellody L. Hobson bought 18,000 shares of the firm’s stock in a transaction dated Monday, April 16th. The stock was acquired at an average price of $111.05 per share, for a total transaction of $1,998,900.00. Following the completion of the purchase, the director now owns 864 shares of the company’s stock, valued at $95,947.20. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Todd A. Combs bought 13,000 shares of the firm’s stock in a transaction dated Monday, May 14th. The shares were acquired at an average price of $114.61 per share, with a total value of $1,489,930.00. Following the purchase, the director now directly owns 18,277 shares of the company’s stock, valued at approximately $2,094,726.97. The disclosure for this purchase can be found here. 0.73% of the stock is currently owned by corporate insiders.

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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Institutional Ownership by Quarter for JPMorgan Chase (NYSE:JPM)

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