State of Alaska Department of Revenue decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 404,410 shares of the financial services provider’s stock after selling 6,183 shares during the quarter. JPMorgan Chase & Co. accounts for 0.6% of State of Alaska Department of Revenue’s portfolio, making the stock its 18th largest position. State of Alaska Department of Revenue’s holdings in JPMorgan Chase & Co. were worth $52,698,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in JPM. Moneta Group Investment Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 105,652.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock valued at $13,141,876,000 after buying an additional 97,907,897 shares during the last quarter. Norges Bank purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth approximately $3,894,646,000. Price T Rowe Associates Inc. MD boosted its holdings in JPMorgan Chase & Co. by 71.0% in 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 purchasing an additional 12,654,947 shares during the last quarter. Morgan Stanley boosted its holdings in JPMorgan Chase & Co. by 15.9% in the fourth quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock worth $7,918,506,000 after purchasing an additional 8,088,433 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth approximately $556,791,000. Hedge funds and other institutional investors own 70.10% of the company’s stock.
Insider Buying and Selling at JPMorgan Chase & Co.
In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 16,766 shares of JPMorgan Chase & Co. stock in a transaction on Monday, May 15th. The shares were sold at an average price of $135.00, for a total value of $2,263,410.00. Following the sale, the insider now directly owns 195,356 shares in the company, valued at approximately $26,373,060. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 4,930 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $142.16, for a total value of $700,848.80. Following the completion of the transaction, the chief executive officer now directly owns 277,161 shares of the company’s stock, valued at approximately $39,401,207.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ashley Bacon sold 16,766 shares of JPMorgan Chase & Co. stock in a transaction 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 completion of the transaction, the insider now directly owns 195,356 shares of the company’s stock, valued at $26,373,060. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 145,861 shares of company stock worth $19,858,275. Insiders own 0.79% of the company’s stock.
Wall Street Analyst Weigh In
JPMorgan Chase & Co. Stock Performance
Shares of NYSE JPM opened at $145.44 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $425.02 billion, a P/E ratio of 10.73, a P/E/G ratio of 1.92 and a beta of 1.10. The firm’s fifty day moving average is $138.75 and its two-hundred day moving average is $136.76. JPMorgan Chase & Co. has a 52-week low of $101.28 and a 52-week high of $146.00.
JPMorgan Chase & Co. (NYSE:JPM – Free Report) last announced its quarterly 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. The company had revenue of $38.35 billion for the quarter, compared to the consensus estimate of $35.77 billion. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. JPMorgan Chase & Co.’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.63 EPS. As a group, analysts anticipate that JPMorgan Chase & Co. will post 14.46 EPS for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, July 6th will be issued a $1.00 dividend. The ex-dividend date is Wednesday, July 5th. This represents a $4.00 dividend on an annualized basis and a yield of 2.75%. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.52%.
About JPMorgan Chase & Co.
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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