J2 Capital Management Inc acquired a new position in JPMorgan Chase & Co. (NYSE:JPM – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,401 shares of the financial services provider’s stock, valued at approximately $313,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. 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 shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $3,894,646,000. Price T Rowe Associates Inc. MD grew its holdings in shares of 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 valued at $4,087,917,000 after buying an additional 12,654,947 shares during the last quarter. Morgan Stanley grew its holdings in shares of JPMorgan Chase & Co. by 15.9% during the fourth quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock valued at $7,918,506,000 after buying an additional 8,088,433 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $556,791,000. Hedge funds and other institutional investors own 70.10% of the company’s stock.
Insider Activity at JPMorgan Chase & Co.
In related news, CEO Douglas B. Petno sold 4,930 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $142.16, for a total transaction 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 $39,401,207.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Daniel E. Pinto sold 113,640 shares of the firm’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $135.93, for a total transaction of $15,447,085.20. Following the completion of the transaction, the chief executive officer now directly owns 566,665 shares of the company’s stock, valued at $77,026,773.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas B. Petno sold 4,930 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $142.16, for a total transaction of $700,848.80. Following the transaction, the chief executive officer now directly owns 277,161 shares of the company’s stock, valued at $39,401,207.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 145,861 shares of company stock valued at $19,858,275. Corporate insiders own 0.79% of the company’s stock.
Wall Street Analyst Weigh In
JPMorgan Chase & Co. Stock Up 1.4 %
Shares of JPM stock opened at $145.44 on Monday. The company has a market capitalization of $425.02 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 1.97 and a beta of 1.10. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $146.00. The company’s fifty day moving average price is $138.75 and its 200-day moving average price is $136.81. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.85 and a quick ratio of 0.85.
JPMorgan Chase & Co. (NYSE:JPM – Free Report) last announced its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, beating the consensus estimate of $3.41 by $0.69. The firm 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%. The company’s revenue was up 24.8% on a year-over-year basis. During the same period last year, the firm earned $2.63 EPS. Sell-side 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 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 of this dividend is Wednesday, July 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.75%. JPMorgan Chase & Co.’s payout ratio is 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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