Massmutual Trust Co. FSB ADV lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 324,769 shares of the financial services provider’s stock after buying an additional 3,490 shares during the period. JPMorgan Chase & Co. makes up approximately 1.6% of Massmutual Trust Co. FSB ADV’s investment portfolio, making the stock its 11th biggest holding. Massmutual Trust Co. FSB ADV’s holdings in JPMorgan Chase & Co. were worth $42,321,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in JPM. Retirement Financial Solutions LLC purchased a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $26,000. Adirondack Retirement Specialists Inc. raised its position in shares of JPMorgan Chase & Co. by 510.8% in the first quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 189 shares during the period. Creative Capital Management Investments LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $30,000. Boulder Wealth Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $43,000. Finally, Capital Directions Investment Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $44,000. 70.10% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at JPMorgan Chase & Co.
In related news, Vice Chairman Peter Scher sold 2,482 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $141.39, for a total value of $350,929.98. Following the sale, the insider now owns 41,333 shares of the company’s stock, valued at approximately $5,844,072.87. The transaction was disclosed in a filing with the SEC, which is available through this link. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 2,482 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $141.39, for a total transaction of $350,929.98. Following the transaction, the insider now owns 41,333 shares of the company’s stock, valued at approximately $5,844,072.87. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas B. Petno sold 4,930 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $142.16, for a total value of $700,848.80. Following the transaction, the chief executive officer now directly owns 277,161 shares in the company, valued at approximately $39,401,207.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 145,861 shares of company stock valued at $19,858,275. 0.79% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
JPMorgan Chase & Co. Stock Performance
JPM opened at $139.58 on Friday. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $144.34. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.85 and a quick ratio of 0.85. The stock’s 50 day simple moving average is $138.71 and its 200 day simple moving average is $136.41. The stock has a market cap of $407.89 billion, a P/E ratio of 10.30, a P/E/G ratio of 2.00 and a beta of 1.10.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.69. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The firm had revenue of $38.35 billion for the quarter, compared to analyst estimates of $35.77 billion. During the same quarter in the prior year, the company earned $2.63 EPS. JPMorgan Chase & Co.’s revenue was up 24.8% on a year-over-year basis. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 14.35 EPS for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 6th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, July 5th. JPMorgan Chase & Co.’s payout ratio is currently 29.52%.
JPMorgan Chase & Co. 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, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.
Featured Stories
- Get a free research report on JPMorgan Chase & Co. from StockNews.com
- Mastering Discipline: Overcoming Emotional Challenges In Trading
- Darden Restaurants: Ring The Register Or Time To Buy?
- United Airlines: Cleared For Takeoff As It Approaches Buy Point?
- KB Home Hits Peak: Pullback Imminent
- Five stocks we like better than JPMorgan Chase & Co.
Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Get Rating).
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.
