Woodley Farra Manion Portfolio Management Inc. Boosts Stake in JPMorgan Chase & Co. (NYSE:JPM)

Woodley Farra Manion Portfolio Management Inc. raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the first quarter, HoldingsChannel.com reports. The firm owned 109,324 shares of the financial services provider’s stock after purchasing an additional 508 shares during the period. JPMorgan Chase & Co. makes up 1.2% of Woodley Farra Manion Portfolio Management Inc.’s portfolio, making the stock its 23rd biggest position. Woodley Farra Manion Portfolio Management Inc.’s holdings in JPMorgan Chase & Co. were worth $9,842,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of JPM. Norges Bank purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $3,908,541,000. M&G Investment Management Ltd. purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $310,039,000. Capital Research Global Investors raised its position in JPMorgan Chase & Co. by 7.4% in the 4th quarter. Capital Research Global Investors now owns 27,661,131 shares of the financial services provider’s stock worth $3,855,962,000 after purchasing an additional 1,895,932 shares during the period. Capital World Investors raised its position in JPMorgan Chase & Co. by 1.9% in 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 purchasing an additional 1,531,579 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in JPMorgan Chase & Co. by 88.8% in 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 purchasing an additional 1,072,935 shares during the period. 73.01% of the stock is currently owned by institutional investors.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 13,027 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 137,243 shares in the company, valued at $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 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, with a total value of $6,599,250.00. Following the completion of the purchase, the director now 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.

Shares of JPM opened at $89.47 on Friday. The company has a market cap of $274.75 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 3.51 and a beta of 1.20. JPMorgan Chase & Co. has a twelve month low of $76.91 and a twelve month high of $141.10. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.29. The company has a 50 day moving average of $91.61 and a two-hundred day moving average of $118.08.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, April 14th. The financial services provider reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.70 by ($1.92). The firm 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 was down 3.0% on a year-over-year basis. During the same quarter last year, the business earned $2.65 earnings per share. On average, sell-side 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 paid a $0.90 dividend. The ex-dividend date 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 34.35%.

JPM has been the topic of a number of research reports. Deutsche Bank reaffirmed a “neutral” rating and set a $105.00 target price (down from $130.00) on shares of JPMorgan Chase & Co. in a research report on Thursday, April 2nd. Royal Bank of Canada set a $99.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Tuesday, April 14th. DA Davidson raised 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 report on Wednesday, April 15th. TheStreet lowered shares of JPMorgan Chase & Co. from a “b-” rating to a “c” rating in a research report on Monday, May 11th. Finally, Morgan Stanley reduced their target price 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. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $109.75.

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

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