Everett Harris & Co. CA Purchases 1,119 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Everett Harris & Co. CA raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 6.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,628 shares of the financial services provider’s stock after buying an additional 1,119 shares during the quarter. Everett Harris & Co. CA’s holdings in JPMorgan Chase & Co. were worth $2,539,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in JPM. State Street Corp grew its holdings in shares of JPMorgan Chase & Co. by 1.6% during the 4th quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock valued at $22,441,376,000 after purchasing an additional 2,277,065 shares during the last quarter. Geode Capital Management LLC grew its holdings in JPMorgan Chase & Co. by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 47,806,506 shares of the financial services provider’s stock worth $7,548,705,000 after acquiring an additional 687,571 shares during the last quarter. Norges Bank bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $4,092,843,000. Charles Schwab Investment Management Inc. grew its holdings in JPMorgan Chase & Co. by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 17,802,465 shares of the financial services provider’s stock worth $2,819,021,000 after acquiring an additional 273,693 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in JPMorgan Chase & Co. by 1.4% during the 4th quarter. Parametric Portfolio Associates LLC now owns 11,276,722 shares of the financial services provider’s stock worth $1,785,669,000 after acquiring an additional 160,698 shares during the last quarter. 70.35% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Ashley Bacon sold 21,012 shares of the company’s stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of $130.04, for a total value of $2,732,400.48. Following the completion of the sale, the insider now owns 178,588 shares in the company, valued at approximately $23,223,583.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer Piepszak sold 4,668 shares of the company’s stock in a transaction on Thursday, April 14th. The stock was sold at an average price of $126.19, for a total transaction of $589,054.92. Following the completion of the sale, the chief executive officer now owns 11,135 shares of the company’s stock, valued at approximately $1,405,125.65. The disclosure for this sale can be found here. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co stock opened at $114.36 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.16. JPMorgan Chase & Co. has a 12-month low of $109.30 and a 12-month high of $172.96. The firm’s fifty day moving average is $120.53 and its 200 day moving average is $135.96. The company has a market capitalization of $335.88 billion, a PE ratio of 8.48, a PEG ratio of 2.04 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its quarterly earnings results on Wednesday, April 13th. The financial services provider reported $2.63 EPS for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.10). The business had revenue of $30.72 billion for the quarter, compared to the consensus estimate of $30.53 billion. JPMorgan Chase & Co. had a net margin of 33.61% and a return on equity of 16.58%. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $4.50 EPS. Sell-side analysts expect that JPMorgan Chase & Co. will post 11.23 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, July 5th. This represents a $4.00 dividend on an annualized basis and a yield of 3.50%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 29.67%.

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group boosted their target price on shares of JPMorgan Chase & Co. from $125.00 to $137.00 in a report on Tuesday, May 24th. Credit Suisse Group set a $160.00 target price on shares in JPMorgan Chase & Co. in a report on Wednesday, May 25th. Royal Bank of Canada set a $175.00 price target on shares of JPMorgan Chase & Co. and gave the stock an “outperform” rating in a research report on Thursday, April 14th. Wells Fargo & Company dropped their price target on shares of JPMorgan Chase & Co. from $150.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Friday, July 1st. Finally, Barclays set a $200.00 price target on shares of JPMorgan Chase & Co. in a research report on Thursday, June 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average price target of $159.33.

About JPMorgan Chase & Co. (Get Rating)

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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.

Further Reading

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

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