HMS Capital Management LLC Has $1.02 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)



HMS Capital Management LLC raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 3.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 7,472 shares of the financial services provider’s stock after buying an additional 217 shares during the period. HMS Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,019,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of JPM. Norges Bank acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $4,092,843,000. GQG Partners LLC boosted its position in JPMorgan Chase & Co. by 403.3% in the fourth quarter. GQG Partners LLC now owns 5,095,612 shares of the financial services provider’s stock valued at $806,728,000 after buying an additional 4,083,231 shares in the last quarter. Renaissance Technologies LLC boosted its position in JPMorgan Chase & Co. by 1,543.7% in the fourth quarter. Renaissance Technologies LLC now owns 3,341,486 shares of the financial services provider’s stock valued at $529,124,000 after buying an additional 3,138,200 shares in the last quarter. State Street Corp boosted its position in JPMorgan Chase & Co. by 1.6% in the fourth quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock valued at $22,441,376,000 after buying an additional 2,277,065 shares in the last quarter. Finally, National Bank of Canada FI acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth $298,028,000. Hedge funds and other institutional investors own 70.35% of the company’s stock.

Shares of NYSE JPM opened at $112.62 on Wednesday. The firm’s 50-day moving average price is $120.99 and its 200-day moving average price is $136.84. JPMorgan Chase & Co. has a 1-year low of $109.30 and a 1-year high of $172.96. The firm has a market capitalization of $330.77 billion, a P/E ratio of 8.35, a P/E/G ratio of 2.03 and a beta of 1.15. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.16.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its quarterly earnings data on Wednesday, April 13th. The financial services provider reported $2.63 earnings per share for the quarter, missing the consensus estimate of $2.73 by ($0.10). JPMorgan Chase & Co. had a net margin of 33.61% and a return on equity of 16.58%. The company had revenue of $30.72 billion for the quarter, compared to analyst estimates of $30.53 billion. During the same quarter in the prior year, the company posted $4.50 EPS. JPMorgan Chase & Co.’s revenue for the quarter was down 4.8% on a year-over-year basis. Equities research analysts forecast that JPMorgan Chase & Co. will post 11.25 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th will be issued a dividend of $1.00 per share. The ex-dividend date is Tuesday, July 5th. This represents a $4.00 annualized dividend and a dividend yield of 3.55%. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.67%.

In related news, insider Ashley Bacon sold 21,012 shares of the company’s stock in a transaction dated Tuesday, April 19th. The shares were sold at an average price of $130.04, for a total value of $2,732,400.48. Following the sale, the insider now owns 178,588 shares in the company, valued at approximately $23,223,583.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jennifer Piepszak sold 4,668 shares of the company’s stock in a transaction dated Thursday, April 14th. The stock was sold at an average price of $126.19, for a total transaction of $589,054.92. Following the completion of the sale, the chief executive officer now owns 11,135 shares in the company, valued at approximately $1,405,125.65. The disclosure for this sale can be found here. Corporate insiders own 0.79% of the company’s stock.

A number of equities analysts have recently commented on JPM shares. Oppenheimer upgraded shares of JPMorgan Chase & Co. from a “market performer” rating to an “outperform” rating and set a $167.00 price target on the stock in a report on Tuesday, May 3rd. Wells Fargo & Company cut their price target on shares of JPMorgan Chase & Co. from $150.00 to $120.00 and set an “equal weight” rating on the stock in a report on Friday, July 1st. Royal Bank of Canada set a $175.00 price target on shares of JPMorgan Chase & Co. and gave the stock an “outperform” rating in a report on Thursday, April 14th. Credit Suisse Group set a $160.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, May 25th. Finally, StockNews.com started coverage on shares of JPMorgan Chase & Co. in a report on Thursday, March 31st. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $159.33.

About JPMorgan Chase & Co. (Get Rating)

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

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



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