Horan Capital Advisors LLC. Has $4.70 Million Holdings in JPMorgan Chase (JPM)

Horan Capital Advisors LLC. decreased its position in JPMorgan Chase (NYSE:JPM) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,944 shares of the financial services provider’s stock after selling 2,081 shares during the quarter. JPMorgan Chase makes up 3.1% of Horan Capital Advisors LLC.’s portfolio, making the stock its 5th biggest holding. Horan Capital Advisors LLC.’s holdings in JPMorgan Chase were worth $4,699,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Legal & General Group Plc increased its position in JPMorgan Chase by 1.8% in the third quarter. Legal & General Group Plc now owns 18,083,319 shares of the financial services provider’s stock worth $1,727,118,000 after buying an additional 313,968 shares in the last quarter. Capital International Investors increased its position in JPMorgan Chase by 4.6% in the third quarter. Capital International Investors now owns 18,080,222 shares of the financial services provider’s stock worth $1,726,842,000 after buying an additional 802,024 shares in the last quarter. Jennison Associates LLC increased its position in JPMorgan Chase by 11.7% in the fourth quarter. Jennison Associates LLC now owns 17,180,823 shares of the financial services provider’s stock worth $1,837,317,000 after buying an additional 1,804,721 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in JPMorgan Chase by 3.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 12,689,478 shares of the financial services provider’s stock worth $1,356,838,000 after buying an additional 373,921 shares in the last quarter. Finally, American Century Companies Inc. increased its position in JPMorgan Chase by 9.3% in the fourth quarter. American Century Companies Inc. now owns 10,898,177 shares of the financial services provider’s stock worth $1,165,451,000 after buying an additional 925,232 shares in the last quarter. 74.26% of the stock is currently owned by institutional investors.

JPM has been the subject of a number of analyst reports. Deutsche Bank set a $96.00 price target on JPMorgan Chase and gave the stock a “neutral” rating in a research report on Tuesday, January 16th. Credit Suisse Group restated an “outperform” rating and issued a $125.00 price target (up previously from $120.00) on shares of JPMorgan Chase in a research report on Tuesday, January 16th. UBS restated a “buy” rating and issued a $125.00 price target (up previously from $119.00) on shares of JPMorgan Chase in a research report on Tuesday, January 16th. Wells Fargo set a $130.00 price target on JPMorgan Chase and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, DZ Bank upgraded JPMorgan Chase from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have issued a buy rating to the stock. JPMorgan Chase has an average rating of “Hold” and an average target price of $112.75.

NYSE JPM opened at $113.03 on Wednesday. The company has a market cap of $390.90 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 1.89 and a beta of 1.24. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.01 and a quick ratio of 1.01. JPMorgan Chase has a 1-year low of $112.71 and a 1-year high of $113.81.

JPMorgan Chase (NYSE:JPM) last released its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.09. The business had revenue of $27.90 billion during the quarter, compared to analysts’ expectations of $27.73 billion. JPMorgan Chase had a return on equity of 12.60% and a net margin of 22.53%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.65 EPS. research analysts forecast that JPMorgan Chase will post 9.05 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 30th. Shareholders of record on Friday, April 6th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.98%. The ex-dividend date was Thursday, April 5th. JPMorgan Chase’s dividend payout ratio is presently 32.61%.

In other news, Director Mellody L. Hobson purchased 18,000 shares of the business’s stock in a transaction on Monday, April 16th. The stock was acquired at an average price of $111.05 per share, for a total transaction of $1,998,900.00. Following the acquisition, the director now directly owns 864 shares of the company’s stock, valued at approximately $95,947.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.73% of the company’s stock.

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.

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

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