Capital International Investors raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,366,319 shares of the financial services provider’s stock after acquiring an additional 1,029,205 shares during the quarter. JPMorgan Chase & Co. comprises 1.3% of Capital International Investors’ holdings, making the stock its 15th largest position. Capital International Investors owned 0.87% of JPMorgan Chase & Co. worth $3,814,863,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $26,000. NWK Group Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $39,000. Lloyd Advisory Services LLC. acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $45,000. Permanens Capital L.P. acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $50,000. Finally, Moser Wealth Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $63,000. 73.93% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Gordon Smith sold 11,800 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $137.04, for a total transaction of $1,617,072.00. Following the completion of the transaction, the chief executive officer now owns 425,690 shares of the company’s stock, valued at $58,336,557.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nicole Giles sold 3,015 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $137.10, for a total transaction of $413,356.50. Following the transaction, the insider now directly owns 10,607 shares of the company’s stock, valued at approximately $1,454,219.70. The disclosure for this sale can be found here. Insiders sold 128,814 shares of company stock worth $17,318,144 in the last 90 days. Company insiders own 0.76% of the company’s stock.
JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, January 14th. The financial services provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.25. JPMorgan Chase & Co. had a net margin of 25.49% and a return on equity of 15.19%. The firm had revenue of $28.30 billion for the quarter, compared to analyst estimates of $27.69 billion. During the same quarter last year, the business posted $1.98 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. Research analysts forecast that JPMorgan Chase & Co. will post 10.57 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Monday, April 6th will be given a $0.90 dividend. The ex-dividend date is Friday, April 3rd. This represents a $3.60 dividend on an annualized basis and a yield of 3.73%. JPMorgan Chase & Co.’s dividend payout ratio is currently 34.35%.
JPM has been the topic of several analyst reports. Wolfe Research lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 6th. BMO Capital Markets increased their price target on shares of JPMorgan Chase & Co. from $131.00 to $134.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 26th. ValuEngine lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday. Morgan Stanley reduced their price target on shares of JPMorgan Chase & Co. from $141.00 to $133.00 and set an “overweight” rating on the stock in a research report on Monday, March 9th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $145.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $131.18.
JPMorgan Chase & Co. Company Profile
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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