Hoylecohen LLC Buys 1,901 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Hoylecohen LLC raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,229 shares of the financial services provider’s stock after buying an additional 1,901 shares during the period. JPMorgan Chase & Co. accounts for 1.5% of Hoylecohen LLC’s holdings, making the stock its 20th largest holding. Hoylecohen LLC’s holdings in JPMorgan Chase & Co. were worth $7,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Carnegie Capital Asset Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 3.5% during the fourth quarter. Carnegie Capital Asset Management LLC now owns 272,305 shares of the financial services provider’s stock valued at $37,959,000 after purchasing an additional 9,105 shares in the last quarter. FSA Wealth Management LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at approximately $299,000. Northstar Wealth Partners LLC boosted its position in JPMorgan Chase & Co. by 15.1% during the 4th quarter. Northstar Wealth Partners LLC now owns 16,470 shares of the financial services provider’s stock worth $1,960,000 after buying an additional 2,162 shares during the period. Day & Ennis LLC boosted its position in JPMorgan Chase & Co. by 2.9% during the 4th quarter. Day & Ennis LLC now owns 3,542 shares of the financial services provider’s stock worth $494,000 after buying an additional 101 shares during the period. Finally, Dohj LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $1,771,000. 73.01% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. stock opened at $89.47 on Friday. The company has a market capitalization of $274.75 billion, a PE ratio of 10.11, a PEG ratio of 3.51 and a beta of 1.20. JPMorgan Chase & Co. has a 12-month low of $76.91 and a 12-month high of $141.10. The firm’s fifty day moving average is $91.61 and its 200 day moving average is $118.08. 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 posted its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $2.70 by ($1.92). JPMorgan Chase & Co. had a net margin of 21.61% and a return on equity of 12.52%. The company had revenue of $28.25 billion during the quarter, compared to the consensus estimate of $29.45 billion. During the same period last year, the firm posted $2.65 earnings per share. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. Sell-side analysts expect that JPMorgan Chase & Co. will post 5.13 EPS for the current fiscal year.

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

In other news, Director Stephen B. Burke acquired 75,000 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, April 16th. The stock was purchased 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 owns 150,043 shares of the company’s stock, valued at approximately $13,202,283.57. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ashley Bacon sold 13,027 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $91.12, for a total value of $1,187,020.24. Following the sale, the insider now 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. 0.78% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently commented on JPM shares. Piper Sandler cut their price target on shares of JPMorgan Chase & Co. from $149.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, April 3rd. Morgan Stanley cut their target price on JPMorgan Chase & Co. from $109.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, April 15th. TheStreet cut JPMorgan Chase & Co. from a “b-” rating to a “c” rating in a research note on Monday, May 11th. Keefe, Bruyette & Woods upgraded JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 1st. Finally, DA Davidson upped their target price on JPMorgan Chase & Co. from $91.00 to $97.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. JPMorgan Chase & Co. presently has a consensus rating of “Buy” and a consensus price target of $109.75.

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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