PhiloSmith Capital Corp Boosts Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

PhiloSmith Capital Corp increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1,163.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 120,675 shares of the financial services provider’s stock after purchasing an additional 111,125 shares during the period. JPMorgan Chase & Co. makes up about 2.6% of PhiloSmith Capital Corp’s investment portfolio, making the stock its 18th largest position. PhiloSmith Capital Corp’s holdings in JPMorgan Chase & Co. were worth $4,973,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Meridian Financial Partners LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.6% in the fourth quarter. Meridian Financial Partners LLC now owns 4,753 shares of the financial services provider’s stock worth $651,000 after purchasing an additional 76 shares during the last quarter. Eukles Asset Management grew its position in shares of JPMorgan Chase & Co. by 36.5% during the 3rd quarter. Eukles Asset Management now owns 318 shares of the financial services provider’s stock worth $37,000 after buying an additional 85 shares in the last quarter. Shulman DeMeo Asset Management LLC grew its position in shares of JPMorgan Chase & Co. by 1.8% during the 3rd quarter. Shulman DeMeo Asset Management LLC now owns 4,795 shares of the financial services provider’s stock worth $564,000 after buying an additional 86 shares in the last quarter. Liberty Capital Management Inc. increased its stake in shares of JPMorgan Chase & Co. by 0.5% during the fourth quarter. Liberty Capital Management Inc. now owns 17,873 shares of the financial services provider’s stock valued at $2,491,000 after buying an additional 87 shares during the period. Finally, TPG Financial Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 4.5% during the third quarter. TPG Financial Advisors LLC now owns 2,104 shares of the financial services provider’s stock valued at $248,000 after buying an additional 90 shares during the period. Institutional investors own 72.11% of the company’s stock.

JPM stock opened at $136.84 on Wednesday. The firm has a market cap of $433.46 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 1.84 and a beta of 1.24. The firm has a 50-day simple moving average of $137.06 and a two-hundred day simple moving average of $122.74. JPMorgan Chase & Co. has a one year low of $98.09 and a one year high of $141.10. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.93 and a current ratio of 0.92.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, January 14th. The financial services provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.25. The firm had revenue of $28.30 billion for the quarter, compared to the consensus estimate of $27.69 billion. JPMorgan Chase & Co. had a net margin of 25.49% and a return on equity of 15.19%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.98 EPS. As a group, equities analysts predict that JPMorgan Chase & Co. will post 10.71 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be given a dividend of $0.90 per share. The ex-dividend date is Friday, January 3rd. This represents a $3.60 dividend on an annualized basis and a yield of 2.63%. JPMorgan Chase & Co.’s payout ratio is 34.35%.

Several analysts recently weighed in on JPM shares. DA Davidson assumed coverage on JPMorgan Chase & Co. in a report on Wednesday, January 8th. They issued a “neutral” rating and a $140.00 price objective for the company. Keefe, Bruyette & Woods cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and set a $135.00 target price on the stock. in a report on Monday, December 9th. Robert W. Baird raised their target price on shares of JPMorgan Chase & Co. from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. BMO Capital Markets raised their target price on shares of JPMorgan Chase & Co. to and gave the company a “market perform” rating in a research report on Wednesday, January 15th. Finally, Morgan Stanley boosted their price target on shares of JPMorgan Chase & Co. from $146.00 to $151.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $135.29.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson bought 14,600 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average cost of $137.25 per share, for a total transaction of $2,003,850.00. Following the purchase, the director now directly owns 8,527 shares in the company, valued at $1,170,330.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Peter Scher sold 21,949 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $137.11, for a total value of $3,009,427.39. Following the transaction, the executive vice president now directly owns 26,525 shares in the company, valued at $3,636,842.75. The disclosure for this sale can be found here. Insiders have sold 121,172 shares of company stock valued at $16,158,032 in the last three months. 0.76% of the stock is currently owned by corporate insiders.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through 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, payment processing, auto loan, and leasing services.

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

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