Cambridge Investment Research Advisors Inc. Has $40.03 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Cambridge Investment Research Advisors Inc. increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 19.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 444,581 shares of the financial services provider’s stock after purchasing an additional 73,422 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $40,026,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Signet Financial Management LLC increased its position in shares of JPMorgan Chase & Co. by 1.7% in the 4th quarter. Signet Financial Management LLC now owns 4,678 shares of the financial services provider’s stock valued at $652,000 after buying an additional 78 shares in the last quarter. Corundum Group Inc. grew its stake in JPMorgan Chase & Co. by 2.3% in the fourth quarter. Corundum Group Inc. now owns 3,590 shares of the financial services provider’s stock valued at $500,000 after acquiring an additional 79 shares during the period. Integrated Investment Consultants LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.4% in the fourth quarter. Integrated Investment Consultants LLC now owns 20,458 shares of the financial services provider’s stock worth $2,852,000 after acquiring an additional 84 shares in the last quarter. Bull Street Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.7% in the fourth quarter. Bull Street Advisors LLC now owns 11,622 shares of the financial services provider’s stock worth $1,620,000 after acquiring an additional 85 shares in the last quarter. Finally, Arjuna Capital raised its position in shares of JPMorgan Chase & Co. by 0.3% during the fourth quarter. Arjuna Capital now owns 35,140 shares of the financial services provider’s stock worth $4,899,000 after purchasing an additional 88 shares during the period. Hedge funds and other institutional investors own 73.01% of the company’s stock.

In related news, Director Stephen B. Burke purchased 75,000 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The stock was acquired at an average price of $87.99 per share, with a total value of $6,599,250.00. Following the completion of the purchase, the director now directly owns 150,043 shares in the company, valued at $13,202,283.57. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ashley Bacon sold 13,027 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $91.12, for a total transaction of $1,187,020.24. Following the sale, the insider now directly owns 137,243 shares of the company’s stock, valued at approximately $12,505,582.16. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company’s stock.

NYSE JPM opened at $89.47 on Friday. The firm has a 50-day moving average price of $91.61 and a two-hundred day moving average price of $118.08. JPMorgan Chase & Co. has a 12-month low of $76.91 and a 12-month high of $141.10. The company has a market capitalization of $274.75 billion, a P/E ratio of 10.11, a P/E/G ratio of 3.51 and a beta of 1.20. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $2.70 by ($1.92). The business had revenue of $28.25 billion during the quarter, compared to analyst estimates of $29.45 billion. JPMorgan Chase & Co. had a net margin of 21.61% and a return on equity of 12.52%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.65 earnings per share. Equities analysts expect that JPMorgan Chase & Co. will post 5.13 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be issued a $0.90 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $3.60 annualized dividend and a yield of 4.02%. JPMorgan Chase & Co.’s dividend payout ratio is presently 34.35%.

A number of analysts recently issued reports on JPM shares. Royal Bank of Canada set a $99.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Tuesday, April 14th. BMO Capital Markets reduced their price objective on shares of JPMorgan Chase & Co. from $117.00 to $101.00 and set a “market perform” rating for the company in a research note on Wednesday, April 15th. Deutsche Bank reaffirmed a “neutral” rating and issued a $105.00 target price (down previously from $130.00) on shares of JPMorgan Chase & Co. in a research report on Thursday, April 2nd. Wells Fargo & Co reduced their price target on JPMorgan Chase & Co. from $140.00 to $125.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Finally, Keefe, Bruyette & Woods upgraded JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 1st. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. JPMorgan Chase & Co. has a consensus rating of “Buy” and a consensus target price of $109.75.

JPMorgan Chase & Co. Company Profile

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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