Gratus Capital LLC Has $10.76 Million Holdings in JPMorgan Chase (JPM)

Gratus Capital LLC raised its position in shares of JPMorgan Chase (NYSE:JPM) by 12.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,604 shares of the financial services provider’s stock after purchasing an additional 11,280 shares during the period. JPMorgan Chase accounts for approximately 1.4% of Gratus Capital LLC’s holdings, making the stock its 12th biggest position. Gratus Capital LLC’s holdings in JPMorgan Chase were worth $10,759,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of JPM. Carmichael Hill & Associates Inc. bought a new stake in shares of JPMorgan Chase during the 4th quarter worth about $686,000. Daiwa Securities Group Inc. raised its position in shares of JPMorgan Chase by 4.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 185,892 shares of the financial services provider’s stock worth $19,879,000 after buying an additional 7,185 shares in the last quarter. Bedel Financial Consulting Inc. bought a new stake in shares of JPMorgan Chase during the 4th quarter worth about $3,224,000. Community Bank N.A. raised its position in shares of JPMorgan Chase by 1.4% during the 4th quarter. Community Bank N.A. now owns 57,124 shares of the financial services provider’s stock worth $6,109,000 after buying an additional 814 shares in the last quarter. Finally, Rench Wealth Management Inc. raised its position in shares of JPMorgan Chase by 11.1% during the 4th quarter. Rench Wealth Management Inc. now owns 43,073 shares of the financial services provider’s stock worth $4,606,000 after buying an additional 4,300 shares in the last quarter. 74.26% of the stock is owned by hedge funds and other institutional investors.

JPM has been the topic of a number of recent analyst reports. Jefferies Group restated a “buy” rating and set a $131.00 price target (up from $124.00) on shares of JPMorgan Chase in a research report on Wednesday, February 21st. ValuEngine upgraded shares of JPMorgan Chase from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded shares of JPMorgan Chase from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a research report on Monday, March 19th. Edward Jones upgraded shares of JPMorgan Chase from a “hold” rating to a “buy” rating in a research report on Thursday, March 22nd. Finally, Vetr downgraded shares of JPMorgan Chase from a “strong-buy” rating to a “buy” rating and set a $123.29 price target on the stock. in a research report on Thursday, April 5th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $112.75.

JPMorgan Chase stock opened at $111.13 on Friday. The company has a market capitalization of $387.67 billion, a PE ratio of 16.18, a PEG ratio of 1.87 and a beta of 1.24. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.19. JPMorgan Chase has a fifty-two week low of $81.64 and a fifty-two week high of $119.33.

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

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Friday, July 6th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Thursday, July 5th. JPMorgan Chase’s dividend payout ratio (DPR) is currently 32.61%.

In other news, Director Todd A. Combs bought 13,000 shares of the company’s stock in a transaction dated Monday, May 14th. The shares were acquired at an average cost of $114.61 per share, with a total value of $1,489,930.00. Following the completion of the transaction, the director now directly owns 18,277 shares in the company, valued at approximately $2,094,726.97. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mellody L. Hobson bought 18,000 shares of the company’s stock in a transaction dated Monday, April 16th. The stock was purchased at an average cost of $111.05 per share, for a total transaction of $1,998,900.00. Following the completion of the transaction, the director now owns 864 shares of the company’s stock, valued at $95,947.20. The disclosure for this purchase can be found here. Company insiders own 0.73% of the company’s stock.

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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