Sumitomo Mitsui Trust Holdings Inc. decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,718,499 shares of the financial services provider’s stock after selling 695 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.5% of Sumitomo Mitsui Trust Holdings Inc.’s investment portfolio, making the stock its 5th largest holding. Sumitomo Mitsui Trust Holdings Inc.’s holdings in JPMorgan Chase & Co. were worth $1,178,713,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in JPM. Keeler Thomas Management LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $112,000. Cerebellum GP LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $119,000. Price Wealth Management Inc. acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $124,000. FSI Group LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $159,000. Finally, Americafirst Capital Management LLC acquired a new position in JPMorgan Chase & Co. in the third quarter valued at approximately $143,000. 72.00% of the stock is owned by hedge funds and other institutional investors.
JPMorgan Chase & Co. opened at $104.93 on Friday, MarketBeat Ratings reports. The company has a market capitalization of $354.32 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 1.71 and a beta of 1.21. JPMorgan Chase & Co. has a 12 month low of $88.08 and a 12 month 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.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.37 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $27.90 billion during the quarter, compared to analysts’ expectations of $27.73 billion. During the same period in the previous year, the business earned $1.65 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. equities analysts predict that JPMorgan Chase & Co. will post 9.03 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 dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Thursday, July 5th. JPMorgan Chase & Co.’s payout ratio is 32.61%.
In other news, Director Chase & Co Jpmorgan purchased 22,000 shares of the company’s stock in a transaction that occurred on Thursday, May 31st. The stock was purchased at an average cost of $1,000.00 per share, for a total transaction of $22,000,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mellody L. Hobson purchased 18,000 shares of the company’s stock in a transaction that occurred on Monday, April 16th. The shares were purchased at an average price of $111.05 per share, with a total value of $1,998,900.00. Following the completion of the transaction, the director now directly owns 864 shares of the company’s stock, valued at approximately $95,947.20. The disclosure for this purchase can be found here. Insiders have purchased 53,000 shares of company stock valued at $25,488,830 over the last quarter. 0.73% of the stock is owned by company insiders.
A number of brokerages have issued reports on JPM. BMO Capital Markets reissued a “hold” rating and issued a $110.00 price target on shares of JPMorgan Chase & Co. in a report on Friday, April 13th. ValuEngine downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Morgan Stanley decreased their price target on JPMorgan Chase & Co. from $138.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, April 30th. Zacks Investment Research downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $122.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, April 16th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $114.06.
JPMorgan Chase & Co. 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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