JPMorgan Chase (JPM) Holdings Increased by Park Avenue Securities LLC

Park Avenue Securities LLC raised its position in shares of JPMorgan Chase (NYSE:JPM) by 5.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 17,159 shares of the financial services provider’s stock after purchasing an additional 950 shares during the quarter. JPMorgan Chase makes up approximately 0.5% of Park Avenue Securities LLC’s investment portfolio, making the stock its 17th largest holding. Park Avenue Securities LLC’s holdings in JPMorgan Chase were worth $1,852,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in JPM. Welch Investments LLC acquired a new stake in JPMorgan Chase during the 3rd quarter valued at approximately $103,000. Cerebellum GP LLC bought a new position in shares of JPMorgan Chase during the 4th quarter worth approximately $119,000. Price Wealth Management Inc. bought a new position in shares of JPMorgan Chase during the 4th quarter worth approximately $124,000. Lipe & Dalton bought a new position in shares of JPMorgan Chase during the 3rd quarter worth approximately $143,000. Finally, Americafirst Capital Management LLC bought a new position in shares of JPMorgan Chase during the 3rd quarter worth approximately $143,000. 74.26% of the stock is owned by institutional investors and hedge funds.

Shares of JPMorgan Chase opened at $111.13 on Monday, according to MarketBeat.com. JPMorgan Chase has a 12-month low of $81.64 and a 12-month high of $119.33. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $381.39 billion, a P/E ratio of 16.18, a PEG ratio of 1.84 and a beta of 1.24.

JPMorgan Chase (NYSE:JPM) last issued its earnings results on Friday, April 13th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.09. JPMorgan Chase had a return on equity of 12.60% and a net margin of 22.53%. The company had revenue of $27.90 billion for the quarter, compared to analysts’ expectations of $27.73 billion. During the same period last year, the business earned $1.65 EPS. JPMorgan Chase’s quarterly revenue was up 12.0% compared to the same quarter last year. sell-side analysts forecast 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. Investors of record on Friday, July 6th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Thursday, July 5th. JPMorgan Chase’s dividend payout ratio is currently 32.61%.

In related news, Director Todd A. Combs acquired 13,000 shares of the company’s stock in a transaction on Monday, May 14th. The shares were acquired at an average cost of $114.61 per share, for a total transaction of $1,489,930.00. Following the purchase, the director now owns 18,277 shares in the company, valued at $2,094,726.97. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mellody L. Hobson acquired 18,000 shares of the company’s stock in a transaction on Monday, April 16th. The shares were bought at an average price of $111.05 per share, for a total transaction of $1,998,900.00. Following the completion of the purchase, the director now owns 864 shares in the company, valued at approximately $95,947.20. The disclosure for this purchase can be found here. 0.73% of the stock is currently owned by company insiders.

JPM has been the topic of a number of research analyst reports. ValuEngine upgraded JPMorgan Chase from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Morgan Stanley increased their price target on JPMorgan Chase from $128.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Vetr upgraded JPMorgan Chase from a “strong sell” rating to a “sell” rating and set a $102.07 price target on the stock in a report on Tuesday, February 6th. Keefe, Bruyette & Woods upgraded JPMorgan Chase from a “market perform” rating to an “outperform” rating and set a $127.00 price target on the stock in a report on Tuesday, February 13th. Finally, Jefferies Group restated a “buy” rating and set a $131.00 price target (up from $124.00) on shares of JPMorgan Chase in a report on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $112.75.

JPMorgan Chase Company 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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