JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Fagan Associates Inc.

Fagan Associates Inc. raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,566 shares of the financial services provider’s stock after acquiring an additional 181 shares during the period. JPMorgan Chase & Co. makes up 3.3% of Fagan Associates Inc.’s portfolio, making the stock its 5th biggest holding. Fagan Associates Inc.’s holdings in JPMorgan Chase & Co. were worth $6,498,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in JPM. Contravisory Investment Management Inc. raised its position in JPMorgan Chase & Co. by 188.3% in the fourth quarter. Contravisory Investment Management Inc. now owns 542 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 354 shares in the last quarter. Bogart Wealth LLC raised its position in JPMorgan Chase & Co. by 19.0% in the fourth quarter. Bogart Wealth LLC now owns 625 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 100 shares in the last quarter. D Orazio & Associates Inc. raised its position in JPMorgan Chase & Co. by 62.6% in the fourth quarter. D Orazio & Associates Inc. now owns 779 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 300 shares in the last quarter. QV Investors Inc. raised its position in JPMorgan Chase & Co. by 9.1% in the fourth quarter. QV Investors Inc. now owns 1,315 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 110 shares in the last quarter. Finally, Rocky Mountain Advisers LLC raised its position in JPMorgan Chase & Co. by 143.4% in the fourth quarter. Rocky Mountain Advisers LLC now owns 1,358 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 800 shares in the last quarter. Institutional investors own 71.39% of the company’s stock.

JPM stock traded up $0.72 during midday trading on Wednesday, reaching $108.48. The company’s stock had a trading volume of 9,996,206 shares, compared to its average volume of 12,746,241. JPMorgan Chase & Co. has a 52 week low of $91.11 and a 52 week high of $119.24. The stock has a market capitalization of $352.72 billion, a PE ratio of 12.05, a PEG ratio of 1.55 and a beta of 1.18. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.00 and a current ratio of 1.00. The stock’s 50-day moving average price is $109.86.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, April 12th. The financial services provider reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.33. JPMorgan Chase & Co. had a net margin of 24.28% and a return on equity of 14.23%. The firm had revenue of $29.12 billion for the quarter, compared to analysts’ expectations of $27.95 billion. During the same period last year, the firm earned $2.37 earnings per share. Analysts predict that JPMorgan Chase & Co. will post 10.03 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $3.20 annualized dividend and a yield of 2.95%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.56%.

JPM has been the topic of several research analyst reports. BMO Capital Markets decreased their price objective on shares of JPMorgan Chase & Co. from $123.00 to $116.00 and set a “market perform” rating on the stock in a research note on Thursday, February 28th. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. HSBC set a $102.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “neutral” rating in a research note on Thursday, April 4th. Credit Suisse Group increased their price target on shares of JPMorgan Chase & Co. from $128.00 to $132.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Finally, Morgan Stanley increased their price target on shares of JPMorgan Chase & Co. from $124.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $123.85.

In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 18,303 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $109.74, for a total value of $2,008,571.22. Following the sale, the chief executive officer now directly owns 259,386 shares in the company, valued at $28,465,019.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mellody L. Hobson bought 1,700 shares of the business’s stock in a transaction on Thursday, April 18th. The stock was purchased at an average price of $114.26 per share, for a total transaction of $194,242.00. Following the completion of the acquisition, the director now owns 7,485 shares of the company’s stock, valued at approximately $855,236.10. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 157,573 shares of company stock worth $17,293,454. Company insiders own 0.76% of the company’s stock.

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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

Recommended Story: Closed-End Mutual Funds

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply