BRYN MAWR TRUST Co lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 7.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 345,548 shares of the financial services provider’s stock after purchasing an additional 23,013 shares during the quarter. JPMorgan Chase & Co. accounts for 1.8% of BRYN MAWR TRUST Co’s portfolio, making the stock its 5th largest position. BRYN MAWR TRUST Co’s holdings in JPMorgan Chase & Co. were worth $31,110,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Signet Financial Management LLC increased its stake in JPMorgan Chase & Co. by 1.7% in the 4th quarter. Signet Financial Management LLC now owns 4,678 shares of the financial services provider’s stock valued at $652,000 after buying an additional 78 shares during the period. Corundum Group Inc. boosted its stake in shares of JPMorgan Chase & Co. by 2.3% during the 4th quarter. Corundum Group Inc. now owns 3,590 shares of the financial services provider’s stock valued at $500,000 after buying an additional 79 shares during the period. Integrated Investment Consultants LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.4% during the 4th quarter. Integrated Investment Consultants LLC now owns 20,458 shares of the financial services provider’s stock valued at $2,852,000 after acquiring an additional 84 shares in the last quarter. Bull Street Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 0.7% in the fourth quarter. Bull Street Advisors LLC now owns 11,622 shares of the financial services provider’s stock worth $1,620,000 after acquiring an additional 85 shares during the last quarter. Finally, Arjuna Capital raised its holdings in shares of JPMorgan Chase & Co. by 0.3% during the fourth quarter. Arjuna Capital now owns 35,140 shares of the financial services provider’s stock worth $4,899,000 after acquiring an additional 88 shares in the last quarter. 73.01% of the stock is owned by institutional investors and hedge funds.
In related news, insider Ashley Bacon sold 13,027 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $91.12, for a total transaction of $1,187,020.24. Following the transaction, the insider now owns 137,243 shares of the company’s stock, valued at $12,505,582.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen B. Burke bought 75,000 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The shares were bought at an average price of $87.99 per share, with a total value of $6,599,250.00. Following the completion of the purchase, the director now owns 150,043 shares in the company, valued at $13,202,283.57. The disclosure for this purchase can be found here. Company insiders own 0.78% of the company’s stock.
JPMorgan Chase & Co. stock opened at $89.47 on Friday. The firm has a market cap of $274.75 billion, a price-to-earnings ratio of 10.11, a P/E/G ratio of 3.51 and a beta of 1.20. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.89 and a quick ratio of 0.89. JPMorgan Chase & Co. has a fifty-two week low of $76.91 and a fifty-two week high of $141.10. The firm has a fifty day moving average price of $91.61 and a two-hundred day moving average price of $118.08.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.70 by ($1.92). JPMorgan Chase & Co. had a net margin of 21.61% and a return on equity of 12.52%. The business had revenue of $28.25 billion during the quarter, compared to analyst estimates of $29.45 billion. During the same period in the prior year, the business posted $2.65 earnings per share. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 5.13 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date is Thursday, July 2nd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 34.35%.
A number of research analysts have commented on JPM shares. Wells Fargo & Co lowered their target price on JPMorgan Chase & Co. from $140.00 to $125.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Bank of America cut JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and lowered their price target for the company from $147.00 to $100.00 in a research note on Friday, March 27th. Credit Suisse Group set a $122.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Monday, May 18th. ValuEngine raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Thursday, April 9th. Finally, Citigroup cut their price target on shares of JPMorgan Chase & Co. from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Friday, March 27th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $109.75.
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.
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