JPMorgan Chase (NYSE:JPM) Shares Bought by NewSquare Capital LLC

NewSquare Capital LLC boosted its position in shares of JPMorgan Chase (NYSE:JPM) by 67.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,727 shares of the financial services provider’s stock after acquiring an additional 697 shares during the period. NewSquare Capital LLC’s holdings in JPMorgan Chase were worth $185,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Janus Henderson Group PLC grew its position 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 valued at $507,632,000 after purchasing an additional 4,654,113 shares during the last quarter. Stifel Financial Corp grew its position 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 valued at $415,662,000 after purchasing an additional 4,305,449 shares during the last quarter. Alliancebernstein L.P. grew its position 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 valued at $1,595,542,000 after purchasing an additional 3,945,948 shares during the last quarter. Vanguard Group Inc. lifted its stake 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 valued at $22,839,729,000 after acquiring an additional 3,717,683 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its stake 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 valued at $892,886,000 after acquiring an additional 2,828,726 shares during the period. 74.53% of the stock is owned by institutional investors.

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Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods upgraded shares of JPMorgan Chase from a “market perform” rating to an “outperform” rating and set a $127.00 target price on the stock in a research note on Tuesday, February 13th. ValuEngine upgraded shares of JPMorgan Chase from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Vining Sparks restated a “buy” rating and set a $120.00 target price on shares of JPMorgan Chase in a research note on Friday, January 12th. Vetr raised shares of JPMorgan Chase from a “sell” rating to a “hold” rating and set a $105.98 price objective for the company in a report on Monday, February 12th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $122.00 price objective on shares of JPMorgan Chase in a report on Monday, April 16th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $112.80.

Shares of JPM stock traded down $0.26 during trading hours on Thursday, hitting $109.73. 1,705,525 shares of the company’s stock were exchanged, compared to its average volume of 16,103,360. 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 fifty-two week low of $81.64 and a fifty-two week high of $119.33. The company has a market cap of $378,922.59, a price-to-earnings ratio of 15.97, a PEG ratio of 1.86 and a beta of 1.24.

JPMorgan Chase (NYSE:JPM) last issued its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.09. The firm 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% on a year-over-year basis. During the same period in the previous year, the business earned $1.65 earnings per share. analysts anticipate that JPMorgan Chase will post 8.9 earnings per share for the current fiscal 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 issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, April 5th. JPMorgan Chase’s payout ratio is currently 32.61%.

In related news, Director Mellody L. Hobson bought 18,000 shares of the company’s stock in a transaction on Monday, April 16th. The stock was bought at an average cost of $111.05 per share, for a total transaction of $1,998,900.00. Following the acquisition, the director now directly owns 864 shares in the company, valued at $95,947.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.73% of the stock is owned by corporate insiders.

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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.

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

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