Whitnell & Co. Increases Position in JPMorgan Chase & Co. (JPM)

Whitnell & Co. boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,244 shares of the financial services provider’s stock after acquiring an additional 570 shares during the period. Whitnell & Co.’s holdings in JPMorgan Chase & Co. were worth $907,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in JPM. Victory Capital Management Inc. boosted its holdings in JPMorgan Chase & Co. by 3.2% in the 1st quarter. Victory Capital Management Inc. now owns 833,502 shares of the financial services provider’s stock valued at $91,660,000 after purchasing an additional 25,746 shares during the last quarter. Cadence Bank NA boosted its holdings in JPMorgan Chase & Co. by 0.9% in the 1st quarter. Cadence Bank NA now owns 54,679 shares of the financial services provider’s stock valued at $6,013,000 after purchasing an additional 467 shares during the last quarter. Bank of Hawaii boosted its holdings in JPMorgan Chase & Co. by 1.1% in the 1st quarter. Bank of Hawaii now owns 88,156 shares of the financial services provider’s stock valued at $9,695,000 after purchasing an additional 923 shares during the last quarter. Buckhead Capital Management LLC boosted its holdings in JPMorgan Chase & Co. by 1.2% in the 1st quarter. Buckhead Capital Management LLC now owns 112,837 shares of the financial services provider’s stock valued at $12,409,000 after purchasing an additional 1,385 shares during the last quarter. Finally, Jacobi Capital Management LLC boosted its holdings in JPMorgan Chase & Co. by 26.8% in the 1st quarter. Jacobi Capital Management LLC now owns 15,836 shares of the financial services provider’s stock valued at $1,708,000 after purchasing an additional 3,347 shares during the last quarter. 72.01% of the stock is owned by institutional investors.

In other news, Director Chase & Co Jpmorgan acquired 22,000 shares of the company’s stock in a transaction on Thursday, May 31st. The shares were bought at an average cost of $1,000.00 per share, with a total value of $22,000,000.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Todd A. Combs acquired 13,000 shares of the company’s stock in a transaction on Monday, May 14th. The stock was purchased at an average cost of $114.61 per share, for a total transaction of $1,489,930.00. Following the completion of the transaction, the director now owns 18,277 shares in the company, valued at approximately $2,094,726.97. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 53,000 shares of company stock worth $25,488,830. 0.73% of the stock is owned by company insiders.

JPMorgan Chase & Co. opened at $104.06 on Friday, Marketbeat reports. The company has a market cap of $357.13 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 1.73 and a beta of 1.20. JPMorgan Chase & Co. has a 52-week low of $88.08 and a 52-week high of $119.33. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.19.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 13th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.28 by $0.09. The company had revenue of $27.90 billion for the quarter, compared to analyst estimates of $27.73 billion. JPMorgan Chase & Co. had a net margin of 22.53% and a return on equity of 12.60%. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.65 EPS. equities analysts expect that JPMorgan Chase & Co. will post 9.03 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Friday, July 6th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, July 5th. This represents a $2.24 dividend on an annualized basis and a yield of 2.15%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 32.61%.

Several equities analysts have recently commented on the stock. Jefferies Financial Group restated a “buy” rating and issued a $122.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, April 16th. Zacks Investment Research upgraded shares of JPMorgan Chase & Co. 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. HSBC assumed coverage on shares of JPMorgan Chase & Co. in a report on Wednesday, April 11th. They issued a “hold” rating and a $111.00 price objective on the stock. Vining Sparks restated a “buy” rating and issued a $130.00 price objective on shares of JPMorgan Chase & Co. in a report on Friday, April 6th. Finally, Credit Suisse Group upped their price objective on shares of JPMorgan Chase & Co. from $125.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, March 19th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $115.06.

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

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