MV Capital Management Inc. Has $2.76 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

MV Capital Management Inc. boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 15.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 18,128 shares of the financial services provider’s stock after buying an additional 2,378 shares during the period. MV Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $2,760,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of JPM. Intelligence Driven Advisers LLC bought a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $200,000. Sage Mountain Advisors LLC bought a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $1,049,000. Ironwood Wealth Management LLC. boosted its holdings in JPMorgan Chase & Co. by 4,550.0% in the 4th quarter. Ironwood Wealth Management LLC. now owns 12,648 shares of the financial services provider’s stock valued at $1,607,000 after purchasing an additional 12,376 shares during the period. TriaGen Wealth Management LLC bought a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $656,000. Finally, Patten Group Inc. boosted its holdings in JPMorgan Chase & Co. by 8.3% in the 4th quarter. Patten Group Inc. now owns 32,876 shares of the financial services provider’s stock valued at $4,178,000 after purchasing an additional 2,513 shares during the period. 70.56% of the stock is owned by hedge funds and other institutional investors.

JPM has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on shares of JPMorgan Chase & Co. from $142.00 to $150.00 and gave the stock an “underweight” rating in a report on Monday, March 1st. Barclays reaffirmed a “buy” rating and set a $187.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, April 14th. Credit Suisse Group upped their price target on shares of JPMorgan Chase & Co. from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Monday, March 22nd. Jefferies Financial Group upped their price target on shares of JPMorgan Chase & Co. from $157.00 to $177.00 and gave the stock a “buy” rating in a report on Friday, April 9th. Finally, Atlantic Securities reaffirmed a “neutral” rating and set a $150.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, May 3rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $151.79.

In other news, CEO Mary E. Erdoes sold 19,188 shares of the stock in a transaction on Thursday, April 15th. The shares were sold at an average price of $150.90, for a total transaction of $2,895,469.20. Also, insider Ashley Bacon sold 11,930 shares of the stock in a transaction on Thursday, April 15th. The stock was sold at an average price of $150.91, for a total transaction of $1,800,356.30. Over the last quarter, insiders have sold 61,130 shares of company stock valued at $9,224,636. 0.79% of the stock is currently owned by corporate insiders.

Shares of JPM traded down $0.26 during trading hours on Friday, hitting $160.14. 120,800 shares of the stock were exchanged, compared to its average volume of 14,262,492. JPMorgan Chase & Co. has a fifty-two week low of $90.78 and a fifty-two week high of $167.44. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12. The business’s 50-day simple moving average is $158.15. The company has a market capitalization of $484.76 billion, a price-to-earnings ratio of 12.74, a P/E/G ratio of 2.48 and a beta of 1.21.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Tuesday, April 13th. The financial services provider reported $4.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.10 by $1.40. JPMorgan Chase & Co. had a net margin of 31.15% and a return on equity of 16.66%. The company had revenue of $32.30 billion during the quarter, compared to analysts’ expectations of $29.97 billion. During the same period in the prior year, the company posted $0.78 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 13.35 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, July 31st. Stockholders of record on Tuesday, July 6th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Friday, July 2nd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 40.54%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

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

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