Bank Julius Baer & Co. Ltd Zurich raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,998,207 shares of the financial services provider’s stock after purchasing an additional 93,819 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.8% of Bank Julius Baer & Co. Ltd Zurich’s holdings, making the stock its 11th largest holding. Bank Julius Baer & Co. Ltd Zurich owned 0.07% of JPMorgan Chase & Co. worth $267,960,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Aptus Capital Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 11.3% in the third quarter. Aptus Capital Advisors LLC now owns 153,622 shares of the financial services provider’s stock valued at $16,054,000 after acquiring an additional 15,607 shares during the last quarter. Leisure Capital Management increased its position in shares of JPMorgan Chase & Co. by 2.7% in the third quarter. Leisure Capital Management now owns 22,736 shares of the financial services provider’s stock valued at $2,376,000 after acquiring an additional 600 shares during the last quarter. Ballentine Partners LLC increased its position in shares of JPMorgan Chase & Co. by 12.4% in the third quarter. Ballentine Partners LLC now owns 51,929 shares of the financial services provider’s stock valued at $5,427,000 after acquiring an additional 5,719 shares during the last quarter. Argus Investors Counsel Inc. increased its position in shares of JPMorgan Chase & Co. by 0.6% in the fourth quarter. Argus Investors Counsel Inc. now owns 24,284 shares of the financial services provider’s stock valued at $3,256,000 after acquiring an additional 149 shares during the last quarter. Finally, BerganKDV Wealth Management LLC increased its position in shares of JPMorgan Chase & Co. by 6.1% in the third quarter. BerganKDV Wealth Management LLC now owns 35,995 shares of the financial services provider’s stock valued at $3,762,000 after acquiring an additional 2,079 shares during the last quarter. Institutional investors and hedge funds own 67.89% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. Evercore ISI lowered their price target on JPMorgan Chase & Co. from $157.00 to $146.00 and set an “outperform” rating on the stock in a research report on Wednesday. Morgan Stanley lowered their price target on JPMorgan Chase & Co. from $173.00 to $153.00 and set an “overweight” rating on the stock in a research report on Wednesday. StockNews.com assumed coverage on JPMorgan Chase & Co. in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Oppenheimer lowered their price target on JPMorgan Chase & Co. from $186.00 to $157.00 and set an “outperform” rating on the stock in a research report on Thursday, March 23rd. Finally, Royal Bank of Canada reduced their price objective on JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a report on Friday, March 24th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $149.33.
JPMorgan Chase & Co. Trading Down 0.1 %
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.11 by $0.46. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The firm had revenue of $34.55 billion during the quarter, compared to analysts’ expectations of $34.23 billion. During the same period in the prior year, the company earned $3.33 earnings per share. The company’s quarterly revenue was up 18.1% on a year-over-year basis. On average, research analysts predict that JPMorgan Chase & Co. will post 12.84 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.14%. The ex-dividend date is Wednesday, April 5th. JPMorgan Chase & Co.’s payout ratio is presently 33.11%.
Insiders Place Their Bets
In related news, Director Mellody L. Hobson purchased 375 shares of the stock in a transaction dated Thursday, January 19th. The stock was bought at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the acquisition, the director now owns 22,040 shares of the company’s stock, valued at $2,965,041.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Mellody L. Hobson purchased 375 shares of the stock in a transaction dated Thursday, January 19th. The stock was bought at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the acquisition, the director now owns 22,040 shares of the company’s stock, valued at $2,965,041.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Mary E. Erdoes sold 10,340 shares of the company’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total transaction of $1,450,598.60. Following the transaction, the chief executive officer now owns 544,136 shares of the company’s stock, valued at $76,336,839.44. The disclosure for this sale can be found here. Insiders sold 37,887 shares of company stock worth $5,315,762 over the last three months. Insiders own 0.79% of the company’s stock.
JPMorgan Chase & Co. Company Profile
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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