JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Hoylecohen LLC

Hoylecohen LLC lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 82,229 shares of the financial services provider’s stock after buying an additional 1,901 shares during the quarter. JPMorgan Chase & Co. makes up 1.5% of Hoylecohen LLC’s portfolio, making the stock its 20th biggest position. Hoylecohen LLC’s holdings in JPMorgan Chase & Co. were worth $7,403,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lion Street Advisors LLC acquired a new position in JPMorgan Chase & Co. during the 1st quarter valued at approximately $37,000. NWK Group Inc. bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $39,000. Lloyd Advisory Services LLC. bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $45,000. Horan Securities Inc. acquired a new position in shares of JPMorgan Chase & Co. during the first quarter valued at $45,000. Finally, Permanens Capital L.P. bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $50,000. 73.01% of the stock is owned by institutional investors and hedge funds.

JPM stock opened at $89.47 on Friday. JPMorgan Chase & Co. has a 1-year low of $76.91 and a 1-year high of $141.10. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.29. The firm has a market cap of $274.75 billion, a PE ratio of 10.11, a P/E/G ratio of 3.51 and a beta of 1.20. The business’s 50-day moving average price is $91.61 and its two-hundred day moving average price is $118.08.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.70 by ($1.92). The business had revenue of $28.25 billion during the quarter, compared to analyst estimates of $29.45 billion. JPMorgan Chase & Co. had a net margin of 21.61% and a return on equity of 12.52%. JPMorgan Chase & Co.’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.65 earnings per share. On average, analysts forecast that JPMorgan Chase & Co. will post 5.13 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend 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%.

JPM has been the subject of a number of analyst reports. Societe Generale raised shares of JPMorgan Chase & Co. from a “sell” rating to a “buy” rating in a research note on Tuesday, April 14th. DZ Bank raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Friday, March 20th. Deutsche Bank reiterated a “neutral” rating and issued a $105.00 price target (down from $130.00) on shares of JPMorgan Chase & Co. in a research report on Thursday, April 2nd. DA Davidson raised their price objective on 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, Keefe, Bruyette & Woods raised shares of JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 1st. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. JPMorgan Chase & Co. currently has an average rating of “Buy” and an average price target of $109.75.

In other news, Director Stephen B. Burke bought 75,000 shares of the 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 acquisition, the director now owns 150,043 shares in the company, valued at $13,202,283.57. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Ashley Bacon sold 13,027 shares of JPMorgan Chase & Co. stock in a transaction dated 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 completion of the sale, the insider now directly owns 137,243 shares in the company, valued at approximately $12,505,582.16. The disclosure for this sale can be found here. 0.78% of the stock is owned by corporate 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: Technical Analysis

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

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