Security National Bank of Sioux City Iowa IA boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 18.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,544 shares of the financial services provider’s stock after buying an additional 391 shares during the quarter. Security National Bank of Sioux City Iowa IA’s holdings in JPMorgan Chase & Co. were worth $387,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in JPM. Intelligence Driven Advisers LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth approximately $200,000. Sage Mountain Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $1,049,000. Ironwood Wealth Management LLC. grew its position in shares of JPMorgan Chase & Co. by 4,550.0% in the fourth quarter. Ironwood Wealth Management LLC. now owns 12,648 shares of the financial services provider’s stock valued at $1,607,000 after purchasing an additional 12,376 shares during the last quarter. TriaGen Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $656,000. Finally, Patten Group Inc. grew its position in shares of JPMorgan Chase & Co. by 8.3% in the fourth quarter. Patten Group Inc. now owns 32,876 shares of the financial services provider’s stock valued at $4,178,000 after purchasing an additional 2,513 shares during the last quarter. 70.56% of the stock is currently owned by hedge funds and other institutional investors.
In other news, General Counsel Stacey Friedman sold 16,965 shares of the stock in a transaction on Thursday, April 15th. The stock was sold at an average price of $150.90, for a total value of $2,560,018.50. Also, EVP Marianne Lake sold 13,047 shares of the stock in a transaction on Thursday, April 15th. The shares were sold at an average price of $150.90, for a total value of $1,968,792.30. Insiders sold a total of 61,130 shares of company stock valued at $9,224,636 over the last quarter. 0.79% of the stock is owned by corporate insiders.
NYSE JPM traded down $0.47 on Friday, hitting $159.93. 531,045 shares of the company’s stock were exchanged, compared to its average volume of 14,262,492. The business has a 50-day moving average price of $158.15. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12. JPMorgan Chase & Co. has a 52 week low of $90.78 and a 52 week high of $167.44. The company has a market cap of $484.13 billion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 2.48 and a beta of 1.21.
JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, April 13th. The financial services provider reported $4.50 earnings per share for the quarter, topping the consensus estimate of $3.10 by $1.40. JPMorgan Chase & Co. had a return on equity of 16.66% and a net margin of 31.15%. The firm had revenue of $32.30 billion during the quarter, compared to analysts’ expectations of $29.97 billion. During the same period in the prior year, the company earned $0.78 earnings per share. The company’s quarterly revenue was up 14.3% on a year-over-year basis. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 13.35 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, July 31st. Shareholders of record on Tuesday, July 6th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.25%. The ex-dividend date is Friday, July 2nd. JPMorgan Chase & Co.’s payout ratio is presently 40.54%.
About JPMorgan Chase & Co.
JPMorgan Chase & Co operates as a financial services company worldwide. It operates in 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, auto loan, and leasing services.
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