JPMorgan Chase & Co. (JPM) Position Lowered by Zions Bancorporation

Share on StockTwits

Zions Bancorporation decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 5.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,419 shares of the financial services provider’s stock after selling 1,100 shares during the quarter. JPMorgan Chase & Co. makes up 0.5% of Zions Bancorporation’s portfolio, making the stock its 21st biggest position. Zions Bancorporation’s holdings in JPMorgan Chase & Co. were worth $2,135,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Osborn Williams & Donohoe LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.7% during the fourth quarter. Osborn Williams & Donohoe LLC now owns 77,947 shares of the financial services provider’s stock valued at $8,336,000 after purchasing an additional 558 shares during the last quarter. Narwhal Capital Management grew its holdings in shares of JPMorgan Chase & Co. by 4.6% during the fourth quarter. Narwhal Capital Management now owns 97,459 shares of the financial services provider’s stock valued at $10,422,000 after purchasing an additional 4,285 shares during the last quarter. Personal Capital Advisors Corp grew its holdings in shares of JPMorgan Chase & Co. by 1.1% during the fourth quarter. Personal Capital Advisors Corp now owns 63,004 shares of the financial services provider’s stock valued at $6,738,000 after purchasing an additional 657 shares during the last quarter. Lockheed Martin Investment Management Co. grew its holdings in shares of JPMorgan Chase & Co. by 40.0% during the fourth quarter. Lockheed Martin Investment Management Co. now owns 81,200 shares of the financial services provider’s stock valued at $8,684,000 after purchasing an additional 23,200 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of JPMorgan Chase & Co. by 7.1% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 808,379 shares of the financial services provider’s stock valued at $88,897,000 after purchasing an additional 53,442 shares during the last quarter. Institutional investors and hedge funds own 72.01% of the company’s stock.

JPM has been the subject of several recent research reports. Morgan Stanley lowered their target price on JPMorgan Chase & Co. from $138.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, April 30th. BMO Capital Markets reaffirmed a “hold” rating and set a $110.00 target price on shares of JPMorgan Chase & Co. in a report on Friday, April 13th. Edward Jones raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Thursday, March 22nd. Vetr lowered JPMorgan Chase & Co. from a “strong-buy” rating to a “buy” rating and set a $123.29 price objective for the company. in a report on Thursday, April 5th. Finally, ValuEngine lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $114.06.

In other JPMorgan Chase & Co. news, Director Todd A. Combs bought 13,000 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, May 14th. The stock was bought at an average price of $114.61 per share, for a total transaction of $1,489,930.00. Following the completion of the acquisition, the director now directly owns 18,277 shares of the company’s stock, valued at $2,094,726.97. The transaction was disclosed in a document filed with the SEC, which is accessible 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 stock was acquired at an average price of $1,000.00 per share, with a total value of $22,000,000.00. The disclosure for this purchase can be found here. Insiders have bought a total of 53,000 shares of company stock valued at $25,488,830 in the last quarter. Insiders own 0.73% of the company’s stock.

Shares of NYSE:JPM opened at $103.61 on Thursday. JPMorgan Chase & Co. has a one year low of $88.08 and a one year high of $119.33. The firm has a market cap of $355.59 billion, a PE ratio of 13.44, a P/E/G ratio of 1.72 and a beta of 1.20. 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 & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, April 13th. The financial services provider reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $0.09. JPMorgan Chase & Co. had a return on equity of 12.60% and a net margin of 22.53%. The company had revenue of $27.90 billion during the quarter, compared to the consensus estimate of $27.73 billion. During the same quarter in the prior year, the firm earned $1.65 EPS. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. equities research analysts expect that JPMorgan Chase & Co. will post 9.03 EPS for the current year.

The business also recently disclosed 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 2.16%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 32.61%.

JPMorgan Chase & Co. 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.

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply