Private Wealth Partners LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 4.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 237,958 shares of the financial services provider’s stock after purchasing an additional 10,766 shares during the quarter. JPMorgan Chase & Co. comprises about 3.1% of Private Wealth Partners LLC’s portfolio, making the stock its 8th biggest position. Private Wealth Partners LLC’s holdings in JPMorgan Chase & Co. were worth $31,008,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of JPM. Moneta Group Investment Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 105,652.2% in the 4th 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 acquiring an additional 97,907,897 shares during the period. Norges Bank purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $3,894,646,000. Price T Rowe Associates Inc. MD increased its holdings in shares of JPMorgan Chase & Co. by 71.0% in the 4th 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 acquiring an additional 12,654,947 shares during the period. Morgan Stanley increased 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 during the period. Finally, Ontario Teachers Pension Plan Board purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $556,791,000. 70.10% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at JPMorgan Chase & Co.
In related news, CEO Daniel E. Pinto sold 113,640 shares of JPMorgan Chase & Co. stock in a transaction dated 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 transaction, the chief executive officer now owns 566,665 shares in the company, valued at approximately $77,026,773.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Vice Chairman Peter Scher sold 1,240 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $135.02, for a total value 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 document filed with the SEC, which is available through the SEC website. Also, CEO Daniel E. Pinto sold 113,640 shares of the business’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 sale, the chief executive officer now owns 566,665 shares of the company’s stock, valued at $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 90 days. Corporate insiders own 0.79% of the company’s stock.
JPMorgan Chase & Co. Stock Performance
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its quarterly earnings data on Friday, July 14th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.75. The business had revenue of $42.40 billion during the quarter, compared to analysts’ expectations of $38.66 billion. JPMorgan Chase & Co. had a return on equity of 17.29% and a net margin of 23.45%. The company’s revenue for the quarter was up 34.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.76 EPS. On average, equities analysts expect that JPMorgan Chase & Co. will post 15.23 EPS for the current year.
JPMorgan Chase & Co. Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Thursday, July 6th were paid a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, July 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.57%. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.74%.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on JPM shares. Societe Generale downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Odeon Capital Group raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Monday, May 1st. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $170.00 price objective for the company in a research report on Friday, July 7th. Morgan Stanley raised their price objective on JPMorgan Chase & Co. from $160.00 to $173.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. Finally, Evercore ISI lowered their price objective on JPMorgan Chase & Co. from $155.00 to $151.00 in a research report on Friday, May 12th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average price target of $164.39.
Check Out Our Latest Report on JPM
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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