Xponance Inc. lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 2.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 389,883 shares of the financial services provider’s stock after purchasing an additional 11,004 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 0.7% of Xponance Inc.’s portfolio, making the stock its 22nd largest position. Xponance Inc.’s holdings in JPMorgan Chase & Co. were worth $50,806,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Retirement Financial Solutions LLC purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $26,000. Adirondack Retirement Specialists Inc. lifted its position in JPMorgan Chase & Co. by 510.8% in the 1st quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock worth $29,000 after buying an additional 189 shares during the last quarter. Creative Capital Management Investments LLC bought a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $30,000. Boulder Wealth Advisors LLC bought a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $43,000. Finally, Capital Directions Investment Advisors LLC bought a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 70.10% of the company’s stock.
Insider Buying and Selling
In other news, insider Ashley Bacon sold 16,766 shares of the stock in a transaction on Monday, May 15th. The stock was 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 of the company’s stock, valued at $26,373,060. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Ashley Bacon sold 16,766 shares of the stock in a transaction on Monday, May 15th. The stock was 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 of the company’s stock, valued at $26,373,060. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Daniel E. Pinto sold 113,640 shares of the 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 completion of the sale, the chief executive officer now directly owns 566,665 shares in the company, valued at $77,026,773.45. The disclosure for this sale can be found here. Insiders have sold a total of 145,861 shares of company stock valued at $19,858,275 over the last ninety days. Company insiders own 0.79% of the company’s stock.
Analysts Set New Price Targets
JPMorgan Chase & Co. Price Performance
Shares of JPM stock opened at $145.44 on Friday. The stock has a market cap of $425.02 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 1.97 and a beta of 1.10. The business’s fifty day moving average is $138.75 and its 200 day moving average is $136.78. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $146.00. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.07.
JPMorgan Chase & Co. (NYSE:JPM – Free Report) last issued its quarterly earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.69. The company had revenue of $38.35 billion for the quarter, compared to analysts’ expectations of $35.77 billion. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.63 earnings per share. Research analysts expect that JPMorgan Chase & Co. will post 14.53 EPS for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $4.00 annualized dividend and a yield of 2.75%. JPMorgan Chase & Co.’s payout ratio is 29.52%.
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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