Harvey Investment Co. LLC increased its holdings in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 1.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 19,446 shares of the financial services provider’s stock after buying an additional 360 shares during the period. Harvey Investment Co. LLC’s holdings in JPMorgan Chase & Co. were worth $2,608,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of JPM. Price T Rowe Associates Inc. MD boosted its holdings in shares of JPMorgan Chase & Co. by 23.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 31,667,210 shares of the financial services provider’s stock valued at $3,566,044,000 after buying an additional 5,978,393 shares during the period. Cottage Street Advisors LLC boosted its stake in JPMorgan Chase & Co. by 11,378.2% during the 4th quarter. Cottage Street Advisors LLC now owns 4,100,117 shares of the financial services provider’s stock valued at $674,000 after purchasing an additional 4,064,396 shares during the period. Public Investment Fund acquired a new position in JPMorgan Chase & Co. during the 2nd quarter valued at about $433,667,000. Barclays PLC boosted its stake in JPMorgan Chase & Co. by 77.8% during the 3rd quarter. Barclays PLC now owns 8,071,119 shares of the financial services provider’s stock valued at $843,433,000 after purchasing an additional 3,531,637 shares during the period. Finally, Vanguard Group Inc. boosted its stake in JPMorgan Chase & Co. by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock valued at $28,480,408,000 after purchasing an additional 2,918,554 shares during the period. 67.89% of the stock is owned by institutional investors and hedge funds.
JPMorgan Chase & Co. Stock Performance
JPMorgan Chase & Co. stock opened at $130.31 on Friday. The firm’s 50 day simple moving average is $136.94 and its 200-day simple moving average is $130.17. The company has a market cap of $383.55 billion, a P/E ratio of 10.79, a price-to-earnings-growth ratio of 2.00 and a beta of 1.12. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $144.34.
JPMorgan Chase & Co. Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 33.11%.
Analyst Ratings Changes
JPM has been the subject of a number of analyst reports. Royal Bank of Canada reduced their target price on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a research note on Friday, March 24th. StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, March 16th. They set a “hold” rating on the stock. Barclays upped their price objective on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the stock an “overweight” rating in a report on Tuesday, January 3rd. Morgan Stanley raised their target price on shares of JPMorgan Chase & Co. from $167.00 to $173.00 and gave the company an “overweight” rating in a research note on Friday, February 24th. Finally, Oppenheimer reduced their price target on shares of JPMorgan Chase & Co. from $186.00 to $157.00 and set an “outperform” rating for the company in a research note on Thursday, March 23rd. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average target price of $149.28.
Insider Transactions at JPMorgan Chase & Co.
In other news, Vice Chairman Peter Scher sold 4,399 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $140.32, for a total value of $617,267.68. Following the transaction, the insider now directly owns 36,369 shares of the company’s stock, valued at $5,103,298.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Vice Chairman Peter Scher sold 4,399 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $140.32, for a total transaction of $617,267.68. Following the transaction, the insider now directly owns 36,369 shares of the company’s stock, valued at $5,103,298.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mellody L. Hobson acquired 375 shares of the stock in a transaction that occurred on Thursday, January 19th. The shares were bought at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the transaction, the director now directly owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The disclosure for this purchase can be found here. Insiders have sold a total of 37,887 shares of company stock valued at $5,315,762 over the last ninety days. Corporate insiders own 0.79% of the company’s stock.
About JPMorgan Chase & Co.
JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.
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