NTV Asset Management LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 0.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,977 shares of the financial services provider’s stock after purchasing an additional 124 shares during the period. NTV Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $4,297,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV grew its holdings in JPMorgan Chase & Co. by 11.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 336,522 shares of the financial services provider’s stock worth $45,128,000 after acquiring an additional 34,068 shares during the period. Crew Capital Management Ltd. grew its holdings in JPMorgan Chase & Co. by 7.2% during the 1st quarter. Crew Capital Management Ltd. now owns 6,286 shares of the financial services provider’s stock worth $819,000 after acquiring an additional 424 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its holdings in JPMorgan Chase & Co. by 46.4% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 43,526 shares of the financial services provider’s stock worth $5,612,000 after acquiring an additional 13,792 shares during the period. CHURCHILL MANAGEMENT Corp grew its holdings in JPMorgan Chase & Co. by 3.4% during the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 29,711 shares of the financial services provider’s stock worth $3,872,000 after acquiring an additional 984 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in JPMorgan Chase & Co. by 1.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,723,422 shares of the financial services provider’s stock worth $224,579,000 after acquiring an additional 26,285 shares during the period. 70.10% of the stock is owned by institutional investors.
Insiders Place Their Bets
In related news, CEO Douglas B. Petno sold 4,930 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $142.16, for a total value of $700,848.80. Following the sale, the chief executive officer now owns 277,161 shares of the company’s stock, valued at approximately $39,401,207.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Daniel E. Pinto sold 113,640 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, May 11th. The shares were 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 approximately $77,026,773.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas B. Petno sold 4,930 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $142.16, for a total transaction of $700,848.80. Following the completion of the sale, the chief executive officer now directly owns 277,161 shares in the company, valued at approximately $39,401,207.76. 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 in the last 90 days. 0.79% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on JPM
JPMorgan Chase & Co. Price Performance
JPMorgan Chase & Co. stock opened at $156.76 on Tuesday. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $159.38. The company’s 50 day moving average price is $146.36 and its two-hundred day moving average price is $139.84. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.28. The stock has a market cap of $458.10 billion, a P/E ratio of 10.09, a P/E/G ratio of 2.05 and a beta of 1.10.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its earnings results on Friday, July 14th. The financial services provider reported $4.37 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $38.66 billion. During the same quarter last year, the firm earned $2.76 EPS. The company’s quarterly revenue was up 34.1% compared to the same quarter last year. On average, equities analysts predict that JPMorgan Chase & Co. will post 15.23 earnings per share for the current year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Thursday, July 6th were given a dividend of $1.00 per share. The ex-dividend date was Wednesday, July 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.55%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.74%.
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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