Bay Rivers Group lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 10.1% during the second quarter, Holdings Channel.com reports. The fund owned 4,964 shares of the financial services provider’s stock after selling 560 shares during the period. Bay Rivers Group’s holdings in JPMorgan Chase & Co. were worth $722,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC raised its stake 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 increased its stake 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 worth $7,918,506,000 after purchasing an additional 8,088,433 shares during the period. Geode Capital Management LLC increased its stake in shares of JPMorgan Chase & Co. by 2.1% during the first quarter. Geode Capital Management LLC now owns 52,310,456 shares of the financial services provider’s stock worth $6,801,125,000 after purchasing an additional 1,061,831 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of JPMorgan Chase & Co. by 7.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 32,769,523 shares of the financial services provider’s stock worth $4,270,198,000 after purchasing an additional 2,285,429 shares during the period. Finally, Norges Bank bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $3,894,646,000. Institutional investors and hedge funds own 68.94% of the company’s stock.
Insider Activity
In other news, General Counsel Stacey Friedman sold 4,310 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $157.16, for a total value of $677,359.60. Following the completion of the transaction, the general counsel now directly owns 57,735 shares in the company, valued at approximately $9,073,632.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.79% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
View Our Latest Analysis on JPM
JPMorgan Chase & Co. Trading Down 1.0 %
Shares of JPM stock opened at $145.73 on Friday. The stock’s fifty day moving average price is $150.87 and its two-hundred day moving average price is $141.78. The company has a market cap of $423.50 billion, a PE ratio of 9.38, a P/E/G ratio of 1.89 and a beta of 1.11. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $159.38. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.90 and a current ratio of 0.90.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last announced its quarterly earnings results on Friday, July 14th. The financial services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.75. JPMorgan Chase & Co. had a return on equity of 17.29% and a net margin of 23.45%. The company had revenue of $42.40 billion during the quarter, compared to analysts’ expectations of $38.66 billion. During the same period in the prior year, the company earned $2.76 EPS. JPMorgan Chase & Co.’s revenue was up 34.1% compared to the same quarter last year. Equities analysts predict that JPMorgan Chase & Co. will post 15.57 EPS for the current fiscal year.
JPMorgan Chase & Co. Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.88%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Thursday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.74%.
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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