Jdc Jsc L.P. bought a new stake in JPMorgan Chase & Co. (NYSE:JPM) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,500 shares of the financial services provider’s stock, valued at approximately $135,000. JPMorgan Chase & Co. makes up 0.6% of Jdc Jsc L.P.’s holdings, making the stock its 21st biggest position.
A number of other institutional investors and hedge funds have also recently modified their holdings of JPM. Norges Bank bought a new position in JPMorgan Chase & Co. during the fourth quarter worth about $3,908,541,000. M&G Investment Management Ltd. acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $310,039,000. Capital Research Global Investors lifted its position in shares of JPMorgan Chase & Co. by 7.4% in the fourth quarter. Capital Research Global Investors now owns 27,661,131 shares of the financial services provider’s stock valued at $3,855,962,000 after buying an additional 1,895,932 shares during the last quarter. Capital World Investors boosted its stake in shares of JPMorgan Chase & Co. by 1.9% during the 4th quarter. Capital World Investors now owns 82,845,612 shares of the financial services provider’s stock worth $11,548,674,000 after acquiring an additional 1,531,579 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of JPMorgan Chase & Co. by 88.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,281,438 shares of the financial services provider’s stock worth $318,031,000 after acquiring an additional 1,072,935 shares during the last quarter. Institutional investors and hedge funds own 73.01% of the company’s stock.
A number of equities analysts have commented on JPM shares. Deutsche Bank reaffirmed a “neutral” rating and set a $105.00 price objective (down from $130.00) on shares of JPMorgan Chase & Co. in a research report on Thursday, April 2nd. Wells Fargo & Co reduced their target price on shares of JPMorgan Chase & Co. from $140.00 to $125.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. ValuEngine upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Thursday, April 9th. DZ Bank upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Friday, March 20th. Finally, Societe Generale raised JPMorgan Chase & Co. from a “sell” rating to a “buy” rating in a research report on Tuesday, April 14th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $109.75.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $0.78 EPS for the quarter, missing the Zacks’ consensus estimate of $2.70 by ($1.92). The company had revenue of $28.25 billion during the quarter, compared to the consensus estimate of $29.45 billion. JPMorgan Chase & Co. had a return on equity of 12.52% and a net margin of 21.61%. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.65 EPS. On average, equities analysts expect that JPMorgan Chase & Co. will post 5.13 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.02%. The ex-dividend date is Thursday, July 2nd. JPMorgan Chase & Co.’s dividend payout ratio is currently 34.35%.
In other JPMorgan Chase & Co. news, Director Stephen B. Burke purchased 75,000 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were bought at an average price of $87.99 per share, for a total transaction of $6,599,250.00. Following the purchase, the director now owns 150,043 shares in the company, valued at approximately $13,202,283.57. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ashley Bacon sold 13,027 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $91.12, for a total value of $1,187,020.24. Following the transaction, the insider now directly owns 137,243 shares of the company’s stock, valued at approximately $12,505,582.16. The disclosure for this sale can be found here. 0.78% of the stock is owned by company insiders.
JPMorgan Chase & Co. 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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