Buffington Mohr McNeal grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 69,075 shares of the financial services provider’s stock after acquiring an additional 1,583 shares during the period. JPMorgan Chase & Co. comprises 2.1% of Buffington Mohr McNeal’s investment portfolio, making the stock its 16th biggest holding. Buffington Mohr McNeal’s holdings in JPMorgan Chase & Co. were worth $9,001,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. Mercer Global Advisors Inc. ADV grew its holdings in shares of JPMorgan Chase & Co. by 11.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 336,522 shares of the financial services provider’s stock valued at $45,128,000 after purchasing an additional 34,068 shares in the last quarter. Argus Investors Counsel Inc. grew its holdings in shares of JPMorgan Chase & Co. by 0.6% in the fourth quarter. Argus Investors Counsel Inc. now owns 24,284 shares of the financial services provider’s stock valued at $3,256,000 after purchasing an additional 149 shares in the last quarter. Hixon Zuercher LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.8% in the fourth quarter. Hixon Zuercher LLC now owns 34,276 shares of the financial services provider’s stock valued at $4,596,000 after purchasing an additional 264 shares in the last quarter. Crew Capital Management Ltd. grew its holdings in shares of JPMorgan Chase & Co. by 7.2% in the first quarter. Crew Capital Management Ltd. now owns 6,286 shares of the financial services provider’s stock valued at $819,000 after purchasing an additional 424 shares in the last quarter. Finally, CHURCHILL MANAGEMENT Corp grew its holdings in shares of JPMorgan Chase & Co. by 3.4% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 29,711 shares of the financial services provider’s stock valued at $3,872,000 after purchasing an additional 984 shares in the last quarter. 70.10% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
JPM has been the subject of several analyst reports. Wells Fargo & Company boosted their price target on shares of JPMorgan Chase & Co. from $174.00 to $180.00 in a report on Monday. Odeon Capital Group upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Monday, May 1st. Oppenheimer boosted their price target on shares of JPMorgan Chase & Co. from $157.00 to $192.00 and gave the stock an “outperformer” rating in a report on Monday, April 17th. Piper Sandler boosted their price target on shares of JPMorgan Chase & Co. from $158.00 to $168.00 in a report on Monday. Finally, Evercore ISI lowered their price target on shares of JPMorgan Chase & Co. from $155.00 to $151.00 in a report on Friday, May 12th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.65.
JPMorgan Chase & Co. Stock Up 0.2 %
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings results on Friday, July 14th. The financial services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $3.62 by $0.75. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 17.29%. The firm had revenue of $42.40 billion during the quarter, compared to the consensus estimate of $38.66 billion. During the same quarter in the prior year, the firm earned $2.76 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up 34.1% on a year-over-year basis. Sell-side analysts expect that JPMorgan Chase & Co. will post 14.39 earnings per share for the current year.
JPMorgan Chase & Co. Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 6th will be given 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 2.60%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.74%.
Insider Activity at JPMorgan Chase & Co.
In related news, Vice Chairman Peter Scher sold 1,240 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $135.02, for a total value of $167,424.80. Following the completion of the sale, the insider now owns 45,056 shares in the company, valued at approximately $6,083,461.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,240 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $135.02, for a total transaction of $167,424.80. Following the completion of the transaction, the insider now owns 45,056 shares in the company, valued at approximately $6,083,461.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas B. Petno sold 4,932 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $134.90, for a total transaction of $665,326.80. Following the transaction, the chief executive officer now owns 282,091 shares of the company’s stock, valued at approximately $38,054,075.90. 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 90 days. 0.79% of the stock is owned by insiders.
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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