M&R Capital Management Inc. Boosts Holdings in JPMorgan Chase & Co. (JPM)

M&R Capital Management Inc. raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,805 shares of the financial services provider’s stock after purchasing an additional 661 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.9% of M&R Capital Management Inc.’s holdings, making the stock its 17th biggest holding. M&R Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $8,320,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Pinnacle Financial Partners Inc. increased its stake in shares of JPMorgan Chase & Co. by 1.8% in the third quarter. Pinnacle Financial Partners Inc. now owns 105,232 shares of the financial services provider’s stock valued at $10,051,000 after buying an additional 1,907 shares during the period. First Interstate Bank increased its stake in shares of JPMorgan Chase & Co. by 7.0% in the third quarter. First Interstate Bank now owns 163,635 shares of the financial services provider’s stock valued at $15,629,000 after buying an additional 10,764 shares during the period. Icon Advisers Inc. Co. increased its stake in shares of JPMorgan Chase & Co. by 16.3% in the third quarter. Icon Advisers Inc. Co. now owns 75,160 shares of the financial services provider’s stock valued at $7,179,000 after buying an additional 10,560 shares during the period. ING Groep NV increased its stake in shares of JPMorgan Chase & Co. by 34.3% in the third quarter. ING Groep NV now owns 477,010 shares of the financial services provider’s stock valued at $45,559,000 after buying an additional 121,910 shares during the period. Finally, Norinchukin Bank The increased its stake in shares of JPMorgan Chase & Co. by 21.0% in the third quarter. Norinchukin Bank The now owns 206,059 shares of the financial services provider’s stock valued at $19,681,000 after buying an additional 35,776 shares during the period. Hedge funds and other institutional investors own 72.10% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. BMO Capital Markets reissued a “hold” rating and issued a $110.00 price target on shares of JPMorgan Chase & Co. in a research note on Friday, April 13th. Keefe, Bruyette & Woods raised JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $127.00 price target for the company in a research note on Tuesday, February 13th. Vetr raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $111.28 price target for the company in a research note on Thursday, March 1st. Finally, Vining Sparks reissued a “buy” rating and issued a $130.00 price target on shares of JPMorgan Chase & Co. in a research note on Friday, April 6th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company. JPMorgan Chase & Co. presently has an average rating of “Hold” and an average price target of $114.06.

Shares of JPMorgan Chase & Co. opened at $110.19 on Wednesday, Marketbeat Ratings reports. The company has a market capitalization of $380.36 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 1.84 and a beta of 1.21. 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 52-week low of $85.82 and a 52-week high of $119.33.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.37 earnings per share (EPS) 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 analyst estimates of $27.73 billion. JPMorgan Chase & Co. had a return on equity of 12.60% and a net margin of 22.53%. The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.65 earnings per share. equities research analysts anticipate that JPMorgan Chase & Co. will post 9.05 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Friday, July 6th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Thursday, July 5th. This represents a $2.24 annualized dividend and a yield of 2.03%. JPMorgan Chase & Co.’s payout ratio is currently 32.61%.

In other news, Director Todd A. Combs purchased 13,000 shares of the business’s stock in a transaction on Monday, May 14th. The shares were acquired 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 owns 18,277 shares in the company, valued at $2,094,726.97. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mellody L. Hobson purchased 18,000 shares of the business’s stock in a transaction on Monday, April 16th. The stock was purchased at an average price of $111.05 per share, for a total transaction of $1,998,900.00. Following the acquisition, the director now owns 864 shares of the company’s stock, valued at approximately $95,947.20. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 53,000 shares of company stock worth $25,488,830. Corporate insiders own 0.73% of the company’s stock.

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.

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

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