Vista Wealth Management Group LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 432.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,579 shares of the financial services provider’s stock after purchasing an additional 13,465 shares during the period. Vista Wealth Management Group LLC’s holdings in JPMorgan Chase & Co. were worth $2,160,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 105,652.2% in 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 period. Morgan Stanley lifted its stake 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 purchasing an additional 8,088,433 shares during the period. Geode Capital Management LLC boosted its position in shares of JPMorgan Chase & Co. by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 51,248,625 shares of the financial services provider’s stock valued at $6,859,512,000 after purchasing an additional 1,082,325 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in 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 worth $4,087,917,000 after purchasing an additional 12,654,947 shares during the period. Finally, Norges Bank bought a new stake in JPMorgan Chase & Co. in the fourth quarter worth approximately $3,894,646,000. 70.10% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at JPMorgan Chase & Co.
In other JPMorgan Chase & Co. 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 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 16,766 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $135.00, for a total transaction 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 through the SEC website. Also, 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 transaction of $15,447,085.20. Following the completion of the transaction, the chief executive officer now owns 566,665 shares of the company’s stock, valued at approximately $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 quarter. Insiders own 0.79% of the company’s stock.
JPMorgan Chase & Co. Price Performance
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last announced its quarterly earnings data on Friday, July 14th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.75. The firm had revenue of $42.40 billion during the quarter, compared to the consensus estimate of $38.66 billion. JPMorgan Chase & Co. had a return on equity of 17.29% and a net margin of 23.45%. The business’s revenue for the quarter was up 34.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.76 EPS. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 15.23 EPS for the current year.
JPMorgan Chase & Co. Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Thursday, July 6th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date was Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.74%.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on JPM. Oppenheimer raised their price objective on shares of JPMorgan Chase & Co. from $157.00 to $192.00 and gave the stock an “outperformer” rating in a research report on Monday, April 17th. 888 reiterated a “maintains” rating on shares of JPMorgan Chase & Co. in a report on Monday, June 26th. BMO Capital Markets raised their target price on JPMorgan Chase & Co. from $169.00 to $170.00 in a research note on Tuesday, May 2nd. Morgan Stanley boosted their target price on JPMorgan Chase & Co. from $160.00 to $173.00 and gave the company an “overweight” rating in a research report on Tuesday, July 18th. Finally, StockNews.com started coverage on JPMorgan Chase & Co. in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $164.39.
JPMorgan Chase & Co. 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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