Howland Capital Management LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 22.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,969 shares of the financial services provider’s stock after purchasing an additional 5,944 shares during the period. Howland Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $3,516,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Keeler Thomas Management LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at $112,000. Cerebellum GP LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at $119,000. Price Wealth Management Inc. bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at $124,000. Americafirst Capital Management LLC bought a new position in JPMorgan Chase & Co. during the 3rd quarter valued at $143,000. Finally, FSI Group LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at $159,000. Institutional investors own 71.98% of the company’s stock.
Shares of JPM opened at $107.54 on Thursday. JPMorgan Chase & Co. has a fifty-two week low of $86.61 and a fifty-two week high of $119.33. The stock has a market capitalization of $369.11 billion, a P/E ratio of 15.65, a PEG ratio of 1.78 and a beta of 1.21. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.19.
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data 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 & Co. 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 analyst estimates of $27.73 billion. During the same quarter last year, the firm posted $1.65 EPS. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. sell-side analysts expect that JPMorgan Chase & Co. will post 9.05 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Friday, July 6th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.08%. The ex-dividend date is Thursday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 32.61%.
JPM has been the subject of several research analyst reports. Edward Jones raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Thursday, March 22nd. Zacks Investment Research raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a research report on Monday, March 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a $131.00 target price (up from $124.00) on shares of JPMorgan Chase & Co. in a research report on Wednesday, February 21st. Vetr lowered JPMorgan Chase & Co. from a “strong-buy” rating to a “buy” rating and set a $123.29 target price for the company. in a research report on Thursday, April 5th. Finally, Vining Sparks reaffirmed a “buy” rating and set a $130.00 target price on shares of JPMorgan Chase & Co. in a research report on Friday, April 6th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company. JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus price target of $114.06.
In related news, Director Chase & Co Jpmorgan bought 22,000 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, May 31st. The stock was acquired at an average price of $1,000.00 per share, with a total value of $22,000,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Todd A. Combs bought 13,000 shares of JPMorgan Chase & Co. stock in a transaction on Monday, May 14th. The shares were bought at an average cost of $114.61 per share, with a total value of $1,489,930.00. Following the acquisition, the director now directly owns 18,277 shares in the company, valued at $2,094,726.97. The disclosure for this purchase can be found here. Insiders have acquired a total of 53,000 shares of company stock valued at $25,488,830 in the last ninety days. Insiders own 0.73% of the company’s stock.
About JPMorgan Chase & Co.
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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