Access Investment Management LLC Makes New Investment in JPMorgan Chase & Co. (NYSE:JPM)

Access Investment Management LLC bought a new position in JPMorgan Chase & Co. (NYSE:JPM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 60,000 shares of the financial services provider’s stock, valued at approximately $10,206,000. JPMorgan Chase & Co. comprises about 3.8% of Access Investment Management LLC’s investment portfolio, making the stock its 8th biggest holding.

A number of other hedge funds have also made changes to their positions in JPM. International Assets Investment Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $1,017,893,000. Wellington Management Group LLP grew its holdings in JPMorgan Chase & Co. by 12.2% during the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock worth $6,151,997,000 after acquiring an additional 4,603,090 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $253,076,000. Cerity Partners LLC raised its stake in shares of JPMorgan Chase & Co. by 155.2% in the fourth quarter. Cerity Partners LLC now owns 2,246,582 shares of the financial services provider’s stock worth $382,144,000 after acquiring an additional 1,366,360 shares during the last quarter. Finally, Comerica Bank lifted its position in shares of JPMorgan Chase & Co. by 3,025.7% during the third quarter. Comerica Bank now owns 1,267,455 shares of the financial services provider’s stock worth $183,806,000 after purchasing an additional 1,226,905 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the sale, the chief executive officer now owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Vice Chairman Peter Scher sold 1,810 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $323,917.60. Following the transaction, the insider now owns 44,956 shares of the company’s stock, valued at $8,045,325.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jennifer Piepszak sold 1,648 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $294,926.08. Following the completion of the sale, the chief executive officer now owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The disclosure for this sale can be found here. In the last three months, insiders sold 1,078,240 shares of company stock worth $197,968,219. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $201.51 on Wednesday. The firm’s fifty day moving average price is $192.71 and its two-hundred day moving average price is $174.77. JPMorgan Chase & Co. has a 1 year low of $133.96 and a 1 year high of $201.58. The firm has a market capitalization of $578.67 billion, a P/E ratio of 12.17, a price-to-earnings-growth ratio of 2.45 and a beta of 1.13. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last issued its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The company had revenue of $41.93 billion for the quarter, compared to analysts’ expectations of $40.90 billion. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 16.21 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.28%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of recent research reports. The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Keefe, Bruyette & Woods lifted their price target on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Royal Bank of Canada restated an “outperform” rating and set a $185.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Finally, Morgan Stanley lowered their price target on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a report on Monday, April 15th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $192.05.

Read Our Latest Report on JPMorgan Chase & Co.

JPMorgan Chase & Co. Company Profile

(Free Report)

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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.

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

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