Annex Advisory Services LLC Purchases 1,255 Shares of JPMorgan Chase & Co. (JPM)

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Annex Advisory Services LLC lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,791 shares of the financial services provider’s stock after buying an additional 1,255 shares during the quarter. Annex Advisory Services LLC’s holdings in JPMorgan Chase & Co. were worth $1,956,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mackay Shields LLC acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter worth approximately $139,822,000. Zeke Capital Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 14.1% in the first quarter. Zeke Capital Advisors LLC now owns 100,568 shares of the financial services provider’s stock worth $11,059,000 after acquiring an additional 12,439 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 4.4% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 115,218 shares of the financial services provider’s stock worth $12,671,000 after acquiring an additional 4,874 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of JPMorgan Chase & Co. by 28.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,797,656 shares of the financial services provider’s stock worth $196,028,000 after acquiring an additional 392,710 shares during the last quarter. Finally, Wellington Shields Capital Management LLC boosted its position in shares of JPMorgan Chase & Co. by 4.1% in the first quarter. Wellington Shields Capital Management LLC now owns 91,057 shares of the financial services provider’s stock worth $10,014,000 after acquiring an additional 3,617 shares during the last quarter. Institutional investors and hedge funds own 72.01% of the company’s stock.

Shares of JPMorgan Chase & Co. opened at $105.08 on Tuesday, MarketBeat reports. The company has a market cap of $357.61 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 1.73 and a beta of 1.20. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.01 and a current ratio of 1.01. JPMorgan Chase & Co. has a fifty-two week low of $88.08 and a fifty-two week high of $119.33.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, April 13th. The financial services provider reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.09. JPMorgan Chase & Co. had a net margin of 22.53% and a return on equity of 12.60%. The business had revenue of $27.90 billion for the quarter, compared to analysts’ expectations of $27.73 billion. During the same period in the previous year, the company posted $1.65 earnings per share. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. equities research analysts anticipate that JPMorgan Chase & Co. will post 9.03 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 dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, July 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.13%. JPMorgan Chase & Co.’s payout ratio is currently 32.61%.

Several research firms recently issued reports on JPM. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Monday. Morgan Stanley decreased their target price on shares of JPMorgan Chase & Co. from $138.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, April 30th. Jefferies Financial Group reissued a “buy” rating and issued a $122.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, April 16th. BMO Capital Markets reissued a “hold” rating and issued a $110.00 target price on shares of JPMorgan Chase & Co. in a research report on Friday, April 13th. Finally, HSBC began coverage on shares of JPMorgan Chase & Co. in a research report on Wednesday, April 11th. They issued a “hold” rating and a $111.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $114.06.

In other news, Director Todd A. Combs bought 13,000 shares of JPMorgan Chase & Co. 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 owns 18,277 shares in the company, valued at approximately $2,094,726.97. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Chase & Co Jpmorgan bought 22,000 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, May 31st. The shares were purchased at an average cost of $1,000.00 per share, for a total transaction of $22,000,000.00. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 53,000 shares of company stock worth $25,488,830. Corporate insiders own 0.73% of the company’s stock.

JPMorgan Chase & Co. 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.

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

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