Bedrijfstakpensioenfonds Voor DE Media PNO cut its stake in shares of JPMorgan Chase (NYSE:JPM) by 22.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 253,000 shares of the financial services provider’s stock after selling 72,930 shares during the period. JPMorgan Chase accounts for about 4.5% of Bedrijfstakpensioenfonds Voor DE Media PNO’s portfolio, making the stock its 7th biggest position. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in JPMorgan Chase were worth $27,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of JPM. ETRADE Capital Management LLC raised its holdings in shares of JPMorgan Chase by 4.2% in the third quarter. ETRADE Capital Management LLC now owns 88,152 shares of the financial services provider’s stock worth $8,419,000 after buying an additional 3,513 shares during the period. Osborn Williams & Donohoe LLC grew its stake in JPMorgan Chase by 0.7% in the fourth quarter. Osborn Williams & Donohoe LLC now owns 77,947 shares of the financial services provider’s stock worth $8,336,000 after purchasing an additional 558 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in JPMorgan Chase by 8.4% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 286,186 shares of the financial services provider’s stock worth $27,334,000 after purchasing an additional 22,236 shares in the last quarter. Sei Investments Co. grew its stake in JPMorgan Chase by 3.4% in the third quarter. Sei Investments Co. now owns 2,088,914 shares of the financial services provider’s stock worth $199,513,000 after purchasing an additional 68,418 shares in the last quarter. Finally, FDx Advisors Inc. grew its stake in JPMorgan Chase by 11.3% in the third quarter. FDx Advisors Inc. now owns 136,089 shares of the financial services provider’s stock worth $12,998,000 after purchasing an additional 13,827 shares in the last quarter. Institutional investors and hedge funds own 74.49% of the company’s stock.
In other JPMorgan Chase news, Director Mellody L. Hobson acquired 18,000 shares of the firm’s stock in a transaction dated Monday, April 16th. The stock was purchased at an average price of $111.05 per share, for a total transaction of $1,998,900.00. Following the acquisition, the director now owns 864 shares in the company, valued at approximately $95,947.20. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.73% of the company’s stock.
JPMorgan Chase (NYSE:JPM) last announced its 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. The business had revenue of $27.90 billion for 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 business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.65 EPS. equities research analysts expect that JPMorgan Chase will post 8.9 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 6th will be given a dividend of $0.56 per share. The ex-dividend date is Thursday, April 5th. This represents a $2.24 annualized dividend and a yield of 2.01%. JPMorgan Chase’s dividend payout ratio (DPR) is presently 32.61%.
JPM has been the topic of several research analyst reports. Morgan Stanley increased their price objective on JPMorgan Chase from $128.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Wells Fargo set a $130.00 price objective on JPMorgan Chase and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Barclays increased their price objective on JPMorgan Chase from $105.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Zacks Investment Research raised JPMorgan Chase from a “hold” rating to a “buy” rating and set a $129.00 price objective on the stock in a research note on Monday, March 19th. Finally, Societe Generale cut JPMorgan Chase from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $112.10.
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About JPMorgan Chase
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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