LMR Partners LLP Purchases New Holdings in JPMorgan Chase (JPM)

LMR Partners LLP purchased a new position in shares of JPMorgan Chase (NYSE:JPM) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 6,738 shares of the financial services provider’s stock, valued at approximately $721,000.

Several other institutional investors have also bought and sold shares of JPM. Jackson Grant Investment Advisers Inc. lifted its holdings in shares of JPMorgan Chase by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock worth $301,000 after purchasing an additional 12 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of JPMorgan Chase by 0.5% in the 2nd quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 26 shares in the last quarter. Cutter & CO Brokerage Inc. lifted its holdings in shares of JPMorgan Chase by 0.7% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 7,050 shares of the financial services provider’s stock worth $644,000 after purchasing an additional 50 shares in the last quarter. Marcus Capital LLC lifted its holdings in shares of JPMorgan Chase by 1.0% in the 2nd quarter. Marcus Capital LLC now owns 5,250 shares of the financial services provider’s stock worth $480,000 after purchasing an additional 50 shares in the last quarter. Finally, Neumann Capital Management LLC lifted its holdings in shares of JPMorgan Chase by 0.4% in the 2nd quarter. Neumann Capital Management LLC now owns 21,811 shares of the financial services provider’s stock worth $1,994,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 74.49% of the company’s stock.

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In other JPMorgan Chase news, Director Mellody L. Hobson bought 18,000 shares of the firm’s stock in a transaction dated Monday, April 16th. The stock was purchased at an average cost of $111.05 per share, with a total value of $1,998,900.00. Following the transaction, the director now directly owns 864 shares in the company, valued at approximately $95,947.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.73% of the company’s stock.

A number of brokerages recently issued reports on JPM. Nomura increased their target price on JPMorgan Chase from $113.00 to $117.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. ValuEngine upgraded JPMorgan Chase from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Jefferies Group reiterated a “buy” rating and issued a $131.00 target price (up from $124.00) on shares of JPMorgan Chase in a report on Wednesday, February 21st. Morgan Stanley increased their target price on JPMorgan Chase from $128.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Finally, BMO Capital Markets increased their target price on JPMorgan Chase from $110.00 to $111.00 and gave the stock a “market perform” rating in a report on Wednesday, February 28th. 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. The company has a consensus rating of “Hold” and an average price target of $112.10.

Shares of JPMorgan Chase stock opened at $111.47 on Monday. JPMorgan Chase has a 1 year low of $81.64 and a 1 year high of $119.33. The firm has a market cap of $382,560.47, a PE ratio of 16.23, a price-to-earnings-growth ratio of 1.88 and a beta of 1.24. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.19.

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. JPMorgan Chase had a return on equity of 12.60% and a net margin of 22.53%. The firm had revenue of $27.90 billion during the quarter, compared to analyst estimates of $27.73 billion. During the same period last year, the firm posted $1.65 EPS. The business’s revenue was up 12.0% compared to the same quarter last year. equities analysts expect that JPMorgan Chase will post 8.9 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, April 6th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, April 5th. JPMorgan Chase’s dividend payout ratio is presently 32.61%.

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JPMorgan Chase 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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