S.E.E.D. Planning Group LLC cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.3% in the first quarter, Holdings Channel reports. The institutional investor owned 14,945 shares of the financial services provider’s stock after selling 1,526 shares during the period. S.E.E.D. Planning Group LLC’s holdings in JPMorgan Chase & Co. were worth $1,947,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of JPMorgan Chase & Co. by 1.1% in the third 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 last quarter. Moneta Group Investment Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 105,652.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after buying an additional 97,907,897 shares during the last quarter. Morgan Stanley grew its holdings in shares of JPMorgan Chase & Co. by 15.9% in the 4th quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock valued at $7,918,506,000 after acquiring an additional 8,088,433 shares in the last quarter. Geode Capital Management LLC increased its position in shares of JPMorgan Chase & Co. by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 51,248,625 shares of the financial services provider’s stock valued at $6,859,512,000 after acquiring an additional 1,082,325 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in JPMorgan Chase & Co. by 71.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,484,094 shares of the financial services provider’s stock worth $4,087,917,000 after acquiring an additional 12,654,947 shares in the last quarter. Institutional investors and hedge funds own 70.10% of the company’s stock.
Insider Activity
In other JPMorgan Chase & Co. news, CEO Daniel E. Pinto sold 113,640 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $135.93, for a total value of $15,447,085.20. Following the completion of the sale, the chief executive officer now owns 566,665 shares of the company’s stock, valued at $77,026,773.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Ashley Bacon sold 16,766 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $135.00, for a total transaction of $2,263,410.00. Following the transaction, the insider now owns 195,356 shares of the company’s stock, valued at $26,373,060. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Daniel E. Pinto sold 113,640 shares of the company’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $135.93, for a total value of $15,447,085.20. Following the sale, the chief executive officer now owns 566,665 shares of the company’s stock, valued at approximately $77,026,773.45. The disclosure for this sale can be found here. Insiders sold a total of 145,861 shares of company stock worth $19,858,275 in the last three months. Company insiders own 0.79% of the company’s stock.
JPMorgan Chase & Co. Price Performance
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.69. The firm had revenue of $38.35 billion during the quarter, compared to the consensus estimate of $35.77 billion. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The business’s revenue was up 24.8% compared to the same quarter last year. During the same period last year, the business posted $2.63 EPS. As a group, research analysts expect that JPMorgan Chase & Co. will post 14.43 EPS for the current year.
JPMorgan Chase & Co. Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 6th will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, July 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.87%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.52%.
Analysts Set New Price Targets
Several research firms have weighed in on JPM. Odeon Capital Group raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Monday, May 1st. Jefferies Financial Group cut their target price on shares of JPMorgan Chase & Co. from $152.00 to $149.00 in a research note on Monday, May 15th. Keefe, Bruyette & Woods lifted their price target on JPMorgan Chase & Co. from $131.00 to $155.00 and gave the stock a “market perform” rating in a report on Monday, April 17th. Citigroup dropped their price objective on JPMorgan Chase & Co. from $165.00 to $160.00 in a research note on Monday. Finally, Wells Fargo & Company lifted their target price on JPMorgan Chase & Co. from $155.00 to $165.00 and gave the stock an “overweight” rating in a research note on Monday, April 17th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $157.35.
JPMorgan Chase & Co. Company 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.
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