Carderock Capital Management Inc. Raises Position in JPMorgan Chase (JPM)

Carderock Capital Management Inc. boosted its stake in JPMorgan Chase (NYSE:JPM) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,306 shares of the financial services provider’s stock after purchasing an additional 702 shares during the period. Carderock Capital Management Inc.’s holdings in JPMorgan Chase were worth $2,385,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Jackson Grant Investment Advisers Inc. lifted its stake in JPMorgan Chase by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 12 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in JPMorgan Chase by 0.5% in the 2nd quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock valued at $469,000 after purchasing an additional 26 shares during the last quarter. Fort Pitt Capital Group LLC lifted its stake in JPMorgan Chase by 0.4% in the 2nd quarter. Fort Pitt Capital Group LLC now owns 9,084 shares of the financial services provider’s stock valued at $830,000 after purchasing an additional 37 shares during the last quarter. Cutter & CO Brokerage Inc. lifted its stake in JPMorgan Chase by 0.7% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 7,050 shares of the financial services provider’s stock valued at $644,000 after purchasing an additional 50 shares during the last quarter. Finally, Marcus Capital LLC lifted its stake in JPMorgan Chase by 1.0% in the 2nd quarter. Marcus Capital LLC now owns 5,250 shares of the financial services provider’s stock valued at $480,000 after purchasing an additional 50 shares during the last quarter. 74.50% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE JPM opened at $113.37 on Friday. JPMorgan Chase has a twelve month low of $81.64 and a twelve month high of $119.33. The firm has a market cap of $386,129.72, a P/E ratio of 16.50, a PEG ratio of 1.90 and a beta of 1.24. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.24.



JPMorgan Chase (NYSE:JPM) last announced its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.07. JPMorgan Chase had a net margin of 21.46% and a return on equity of 11.63%. The business had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. During the same quarter last year, the firm earned $1.71 earnings per share. JPMorgan Chase’s quarterly revenue was up 3.3% on a year-over-year basis. research analysts predict that JPMorgan Chase will post 8.89 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 6th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Thursday, April 5th. JPMorgan Chase’s dividend payout ratio is presently 32.61%.

Several research firms have recently issued reports on JPM. Buckingham Research raised shares of JPMorgan Chase from a “neutral” rating to a “buy” rating in a research note on Thursday, December 21st. Wells Fargo set a $120.00 price target on shares of JPMorgan Chase and gave the company a “buy” rating in a research note on Wednesday, December 20th. Credit Suisse Group raised shares of JPMorgan Chase to a “buy” rating and set a $120.00 price target for the company in a research note on Friday, January 5th. Vining Sparks reaffirmed a “buy” rating and set a $120.00 price target on shares of JPMorgan Chase in a research note on Friday, January 12th. Finally, Argus raised their price target on shares of JPMorgan Chase from $109.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have assigned a buy rating to the company’s stock. JPMorgan Chase currently has an average rating of “Hold” and a consensus price target of $112.51.

In other JPMorgan Chase news, EVP Peter Scher sold 17,057 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.20, for a total value of $1,913,795.40. Following the completion of the sale, the executive vice president now directly owns 15,310 shares in the company, valued at $1,717,782. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ashley Bacon sold 16,434 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the completion of the sale, the insider now owns 98,811 shares of the company’s stock, valued at $11,088,570.42. The disclosure for this sale can be found here. Insiders have sold 152,047 shares of company stock valued at $17,098,115 in the last three months. 0.88% of the stock is owned by insiders.

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JPMorgan Chase 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 (NYSE:JPM)

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