Cambridge Investment Research Advisors Inc. Increases Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Cambridge Investment Research Advisors Inc. lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 19.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 444,581 shares of the financial services provider’s stock after purchasing an additional 73,422 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $40,026,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. NWK Group Inc. purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $39,000. Lloyd Advisory Services LLC. purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at $45,000. Sailer Financial LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $50,000. Permanens Capital L.P. purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $50,000. Finally, Lion Street Advisors LLC bought a new stake in JPMorgan Chase & Co. during the first quarter valued at $37,000. 73.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:JPM opened at $89.47 on Friday. The stock has a market capitalization of $274.75 billion, a P/E ratio of 10.11, a price-to-earnings-growth ratio of 3.51 and a beta of 1.20. The stock’s 50-day moving average price is $91.61 and its 200-day moving average price is $118.08. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 12-month low of $76.91 and a 12-month high of $141.10.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, April 14th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $2.70 by ($1.92). JPMorgan Chase & Co. had a net margin of 21.61% and a return on equity of 12.52%. The company had revenue of $28.25 billion for the quarter, compared to analysts’ expectations of $29.45 billion. During the same quarter in the prior year, the company earned $2.65 earnings per share. The company’s revenue was down 3.0% compared to the same quarter last year. As a group, research analysts predict that JPMorgan Chase & Co. will post 5.13 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Thursday, July 2nd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 34.35%.

Several analysts have weighed in on JPM shares. ValuEngine raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Thursday, April 9th. Credit Suisse Group set a $122.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Monday, May 18th. UBS Group lifted their target price on shares of JPMorgan Chase & Co. from $82.00 to $96.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. DZ Bank raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Friday, March 20th. Finally, DA Davidson lifted their price objective on shares of JPMorgan Chase & Co. from $91.00 to $97.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $109.75.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 13,027 shares of the firm’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $91.12, for a total value of $1,187,020.24. Following the sale, the insider now owns 137,243 shares of the company’s stock, valued at approximately $12,505,582.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephen B. Burke acquired 75,000 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was purchased at an average price of $87.99 per share, for a total transaction of $6,599,250.00. Following the transaction, the director now directly owns 150,043 shares of the company’s stock, valued at approximately $13,202,283.57. The disclosure for this purchase can be found here. 0.78% of the stock is currently owned by company insiders.

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.

Further Reading: S&P 500 Index

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

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