Guardian Investment Management Has $3.14 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Guardian Investment Management grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 10.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,534 shares of the financial services provider’s stock after buying an additional 2,200 shares during the period. JPMorgan Chase & Co. makes up 2.5% of Guardian Investment Management’s portfolio, making the stock its 12th largest position. Guardian Investment Management’s holdings in JPMorgan Chase & Co. were worth $3,141,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in JPM. Nuveen Asset Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 2,432.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 23,689,599 shares of the financial services provider’s stock valued at $2,648,497,000 after buying an additional 22,754,332 shares during the period. Boston Partners grew its holdings in shares of JPMorgan Chase & Co. by 301.6% in the 3rd quarter. Boston Partners now owns 10,211,286 shares of the financial services provider’s stock valued at $1,202,693,000 after buying an additional 7,668,930 shares during the period. Johanson Financial Advisors Inc. grew its holdings in shares of JPMorgan Chase & Co. by 13,859.0% in the 4th quarter. Johanson Financial Advisors Inc. now owns 3,216,433 shares of the financial services provider’s stock valued at $23,073,000 after buying an additional 3,193,391 shares during the period. Amundi Pioneer Asset Management Inc. grew its holdings in shares of JPMorgan Chase & Co. by 43.3% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 7,563,083 shares of the financial services provider’s stock valued at $845,552,000 after buying an additional 2,283,575 shares during the period. Finally, Morgan Stanley grew its holdings in shares of JPMorgan Chase & Co. by 5.8% in the 2nd quarter. Morgan Stanley now owns 35,662,949 shares of the financial services provider’s stock valued at $3,987,118,000 after buying an additional 1,952,873 shares during the period. 72.05% of the stock is owned by institutional investors.

Shares of NYSE JPM opened at $136.72 on Thursday. The firm has a market cap of $435.34 billion, a PE ratio of 13.23, a PEG ratio of 1.89 and a beta of 1.24. The company has a current ratio of 0.92, a quick ratio of 0.93 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 1-year low of $98.09 and a 1-year high of $141.10. The company has a fifty day moving average price of $136.35 and a 200 day moving average price of $121.98.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, January 14th. The financial services provider reported $2.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.25. The firm had revenue of $28.30 billion during the quarter, compared to analyst estimates of $27.69 billion. JPMorgan Chase & Co. had a net margin of 25.49% and a return on equity of 15.19%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.98 EPS. Equities research analysts forecast that JPMorgan Chase & Co. will post 10.5 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Friday, January 3rd. JPMorgan Chase & Co.’s payout ratio is presently 34.35%.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson purchased 16,000 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were purchased at an average cost of $124.65 per share, with a total value of $1,994,400.00. Following the transaction, the director now directly owns 8,186 shares of the company’s stock, valued at approximately $1,020,384.90. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Nicole Giles sold 863 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $126.73, for a total transaction of $109,367.99. Following the sale, the insider now directly owns 8,949 shares in the company, valued at $1,134,106.77. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 121,172 shares of company stock valued at $16,158,032. Company insiders own 0.76% of the company’s stock.

Several brokerages have recently issued reports on JPM. Wolfe Research lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, January 6th. Credit Suisse Group boosted their price target on shares of JPMorgan Chase & Co. from $142.00 to $147.00 and gave the company an “outperform” rating in a report on Wednesday. Royal Bank of Canada reissued a “buy” rating and issued a $145.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, January 8th. Morgan Stanley boosted their price target on shares of JPMorgan Chase & Co. from $146.00 to $151.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Bank of America reissued a “buy” rating and issued a $147.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $135.29.

About JPMorgan Chase & Co.

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 deposit and investment products 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, payment processing, auto loan, and leasing services.

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

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