JPMorgan Chase & Co. (NYSE:JPM) Position Boosted by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 24.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 429,041 shares of the financial services provider’s stock after purchasing an additional 85,507 shares during the quarter. JPMorgan Chase & Co. accounts for 1.2% of Oppenheimer & Co. Inc.’s investment portfolio, making the stock its 8th biggest position. Oppenheimer & Co. Inc.’s holdings in JPMorgan Chase & Co. were worth $38,627,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of JPM. Candriam Luxembourg S.C.A. increased its position in shares of JPMorgan Chase & Co. by 48.0% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 562,160 shares of the financial services provider’s stock valued at $78,366,000 after acquiring an additional 182,387 shares during the period. Regal Wealth Group Inc. increased its position in shares of JPMorgan Chase & Co. by 89.3% in the fourth quarter. Regal Wealth Group Inc. now owns 477 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 225 shares during the period. Pathway Financial Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 60.2% in the fourth quarter. Pathway Financial Advisors LLC now owns 7,723 shares of the financial services provider’s stock valued at $1,057,000 after acquiring an additional 2,901 shares during the period. Tompkins Financial Corp increased its position in shares of JPMorgan Chase & Co. by 2.6% in the fourth quarter. Tompkins Financial Corp now owns 56,493 shares of the financial services provider’s stock valued at $7,875,000 after acquiring an additional 1,453 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC increased its position in shares of JPMorgan Chase & Co. by 3.5% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 15,399 shares of the financial services provider’s stock valued at $2,147,000 after acquiring an additional 526 shares during the period. Institutional investors own 73.01% of the company’s stock.

JPM has been the topic of a number of analyst reports. Citigroup decreased their price objective on shares of JPMorgan Chase & Co. from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, March 27th. Morgan Stanley reduced their price target on shares of JPMorgan Chase & Co. from $109.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 15th. BMO Capital Markets reduced their price target on shares of JPMorgan Chase & Co. from $117.00 to $101.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 15th. DA Davidson upped their target price on shares of JPMorgan Chase & Co. from $91.00 to $97.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Finally, Royal Bank of Canada set a $99.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Tuesday, April 14th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $109.75.

Shares of NYSE:JPM opened at $89.47 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a fifty day moving average price of $91.61 and a 200 day moving average price of $118.08. JPMorgan Chase & Co. has a fifty-two week low of $76.91 and a fifty-two week high of $141.10. The firm has a market cap of $274.75 billion, a price-to-earnings ratio of 10.11, a P/E/G ratio of 3.51 and a beta of 1.20.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $0.78 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $28.25 billion for the quarter, compared to the consensus estimate of $29.45 billion. During the same quarter last year, the business earned $2.65 EPS. JPMorgan Chase & Co.’s revenue for the quarter 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 earnings per share for the current year.

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

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