Whittier Trust Co. of Nevada Inc. lifted its stake in shares of JPMorgan Chase (NYSE:JPM) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,127 shares of the financial services provider’s stock after purchasing an additional 2,987 shares during the quarter. JPMorgan Chase comprises approximately 2.0% of Whittier Trust Co. of Nevada Inc.’s portfolio, making the stock its 4th biggest position. Whittier Trust Co. of Nevada Inc.’s holdings in JPMorgan Chase were worth $23,006,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in JPM. Gradient Investments LLC boosted its stake in shares of JPMorgan Chase by 3.8% during the fourth quarter. Gradient Investments LLC now owns 81,447 shares of the financial services provider’s stock valued at $8,710,000 after acquiring an additional 2,945 shares during the last quarter. Girard Partners LTD. boosted its stake in JPMorgan Chase by 3.1% in the 4th quarter. Girard Partners LTD. now owns 69,326 shares of the financial services provider’s stock worth $7,414,000 after buying an additional 2,065 shares during the last quarter. Park Avenue Securities LLC boosted its stake in JPMorgan Chase by 5.9% in the 4th quarter. Park Avenue Securities LLC now owns 17,159 shares of the financial services provider’s stock worth $1,852,000 after buying an additional 950 shares during the last quarter. Miracle Mile Advisors LLC boosted its stake in JPMorgan Chase by 98.3% in the 4th quarter. Miracle Mile Advisors LLC now owns 9,062 shares of the financial services provider’s stock worth $969,000 after buying an additional 4,493 shares during the last quarter. Finally, Spectrum Management Group Inc. lifted its stake in shares of JPMorgan Chase by 2,369.5% in the 4th quarter. Spectrum Management Group Inc. now owns 22,843 shares of the financial services provider’s stock valued at $2,443,000 after purchasing an additional 21,918 shares in the last quarter. Institutional investors and hedge funds own 72.18% of the company’s stock.
In other JPMorgan Chase news, Director Todd A. Combs acquired 13,000 shares of JPMorgan Chase stock in a transaction that occurred on Monday, May 14th. The shares were bought at an average price of $114.61 per share, with a total value of $1,489,930.00. Following the completion of the purchase, the director now directly owns 18,277 shares in the company, valued at approximately $2,094,726.97. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mellody L. Hobson acquired 18,000 shares of JPMorgan Chase stock in a transaction that occurred on Monday, April 16th. The stock was acquired at an average cost of $111.05 per share, for a total transaction of $1,998,900.00. Following the purchase, the director now owns 864 shares of the company’s stock, valued at $95,947.20. The disclosure for this purchase can be found here. 0.73% of the stock is owned by insiders.
Several equities research analysts recently commented on JPM shares. Morgan Stanley raised their target price on JPMorgan Chase from $128.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded JPMorgan Chase from a “hold” rating to a “buy” rating and set a $129.00 price objective on the stock in a report on Monday, March 19th. Vetr upgraded JPMorgan Chase from a “sell” rating to a “hold” rating and set a $105.98 target price for the company in a research report on Monday, February 12th. Edward Jones upgraded JPMorgan Chase from a “hold” rating to a “buy” rating in a research report on Thursday, March 22nd. Finally, Credit Suisse Group boosted their price objective on JPMorgan Chase from $125.00 to $127.00 and gave the company an “outperform” rating in a research report on Monday, March 19th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $112.75.
JPMorgan Chase stock opened at $112.15 on Tuesday. JPMorgan Chase has a 52 week low of $81.64 and a 52 week high of $119.33. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $381.39 billion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 1.84 and a beta of 1.24.
JPMorgan Chase (NYSE:JPM) last issued its quarterly earnings data on Friday, April 13th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.09. JPMorgan Chase had a return on equity of 12.60% and a net margin of 22.53%. The company had revenue of $27.90 billion during the quarter, compared to analysts’ expectations of $27.73 billion. During the same quarter in the previous year, the company posted $1.65 earnings per share. The business’s revenue was up 12.0% on a year-over-year basis. sell-side analysts predict that JPMorgan Chase will post 9.05 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Friday, July 6th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, July 5th. This represents a $2.24 annualized dividend and a yield of 2.00%. JPMorgan Chase’s dividend payout ratio is currently 32.61%.
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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