UBP Investment Advisors SA Takes $824,000 Position in JPMorgan Chase (JPM)

UBP Investment Advisors SA bought a new position in shares of JPMorgan Chase (NYSE:JPM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 7,702 shares of the financial services provider’s stock, valued at approximately $824,000.

Other large investors have also bought and sold shares of the company. Janus Henderson Group PLC raised its holdings in JPMorgan Chase by 517.3% during the 2nd quarter. Janus Henderson Group PLC now owns 5,553,819 shares of the financial services provider’s stock worth $507,632,000 after purchasing an additional 4,654,113 shares during the last quarter. Stifel Financial Corp raised its holdings in JPMorgan Chase by 9,301.6% during the 3rd quarter. Stifel Financial Corp now owns 4,351,736 shares of the financial services provider’s stock worth $415,662,000 after purchasing an additional 4,305,449 shares during the last quarter. Alliancebernstein L.P. raised its holdings in JPMorgan Chase by 29.2% during the 2nd quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock worth $1,595,542,000 after purchasing an additional 3,945,948 shares during the last quarter. Vanguard Group Inc. raised its holdings in JPMorgan Chase by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock worth $22,839,729,000 after purchasing an additional 3,717,683 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in JPMorgan Chase by 40.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock worth $892,886,000 after purchasing an additional 2,828,726 shares during the last quarter. Institutional investors and hedge funds own 74.49% of the company’s stock.

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In other JPMorgan Chase news, Director Mellody L. Hobson purchased 18,000 shares of JPMorgan Chase stock in a transaction that occurred on Monday, April 16th. The stock was acquired at an average price of $111.05 per share, with a total value of $1,998,900.00. Following the transaction, the director now owns 864 shares in the company, valued at approximately $95,947.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Peter Scher sold 26,532 shares of JPMorgan Chase stock in a transaction on Friday, January 19th. The shares were sold at an average price of $113.42, for a total transaction of $3,009,259.44. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

NYSE JPM opened at $109.32 on Thursday. JPMorgan Chase has a 12-month low of $81.64 and a 12-month high of $119.33. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $378,236.19, a P/E ratio of 15.91, a price-to-earnings-growth ratio of 1.86 and a beta of 1.24.

JPMorgan Chase (NYSE:JPM) last posted its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.09. JPMorgan Chase had a net margin of 22.53% and a return on equity of 12.60%. The business had revenue of $27.90 billion during the quarter, compared to the consensus estimate of $27.73 billion. During the same quarter last year, the firm posted $1.65 EPS. JPMorgan Chase’s revenue was up 12.0% compared to the same quarter last year. sell-side analysts expect that JPMorgan Chase will post 8.9 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 6th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, April 5th. JPMorgan Chase’s payout ratio is currently 32.61%.

JPM has been the subject of several analyst reports. Argus raised their price target on shares of JPMorgan Chase from $109.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Nomura set a $115.00 price target on shares of JPMorgan Chase and gave the stock a “neutral” rating in a report on Friday, January 12th. Credit Suisse Group restated an “outperform” rating and set a $125.00 price target (up previously from $120.00) on shares of JPMorgan Chase in a report on Tuesday, January 16th. Barclays raised their price target on shares of JPMorgan Chase from $105.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Finally, Wells Fargo set a $120.00 price target on shares of JPMorgan Chase and gave the stock a “buy” rating in a report on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have issued a buy rating to the company’s stock. JPMorgan Chase currently has an average rating of “Hold” and a consensus price target of $112.10.

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JPMorgan Chase Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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