BRYN MAWR TRUST Co grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 345,548 shares of the financial services provider’s stock after purchasing an additional 23,013 shares during the period. JPMorgan Chase & Co. makes up about 1.8% of BRYN MAWR TRUST Co’s holdings, making the stock its 5th biggest position. BRYN MAWR TRUST Co’s holdings in JPMorgan Chase & Co. were worth $31,110,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of JPM. Candriam Luxembourg S.C.A. boosted its position in shares of JPMorgan Chase & Co. by 48.0% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 562,160 shares of the financial services provider’s stock worth $78,366,000 after purchasing an additional 182,387 shares in the last quarter. Regal Wealth Group Inc. lifted its stake in shares of JPMorgan Chase & Co. by 89.3% in the fourth quarter. Regal Wealth Group Inc. now owns 477 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 225 shares during the period. Pathway Financial Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 60.2% in the fourth quarter. Pathway Financial Advisors LLC now owns 7,723 shares of the financial services provider’s stock valued at $1,057,000 after purchasing an additional 2,901 shares during the period. Tompkins Financial Corp boosted its holdings in JPMorgan Chase & Co. by 2.6% during the fourth quarter. Tompkins Financial Corp now owns 56,493 shares of the financial services provider’s stock worth $7,875,000 after buying an additional 1,453 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC grew its position in JPMorgan Chase & Co. by 3.5% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 15,399 shares of the financial services provider’s stock worth $2,147,000 after buying an additional 526 shares during the period. 73.01% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:JPM opened at $89.47 on Friday. The business has a 50-day moving average of $91.61 and a two-hundred day moving average of $118.08. The firm has a market capitalization of $274.75 billion, a PE ratio of 10.11, a P/E/G ratio of 3.51 and a beta of 1.20. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.89 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 12 month low of $76.91 and a 12 month high of $141.10.
JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.70 by ($1.92). The business had revenue of $28.25 billion during the quarter, compared to analysts’ expectations of $29.45 billion. JPMorgan Chase & Co. had a net margin of 21.61% and a return on equity of 12.52%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.65 EPS. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 5.13 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $3.60 annualized dividend and a dividend yield of 4.02%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 34.35%.
In other news, Director Stephen B. Burke acquired 75,000 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was bought at an average cost of $87.99 per share, with a total value of $6,599,250.00. Following the transaction, the director now directly owns 150,043 shares in the company, valued at approximately $13,202,283.57. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ashley Bacon sold 13,027 shares of the firm’s stock in a transaction dated 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 $12,505,582.16. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by company insiders.
Several brokerages have recently commented on JPM. ValuEngine raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Thursday, April 9th. Keefe, Bruyette & Woods upgraded JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 1st. Odeon Capital Group raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $105.75 target price on the stock in a report on Wednesday. DZ Bank raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Friday, March 20th. Finally, Morgan Stanley reduced their price target on shares of JPMorgan Chase & Co. from $109.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, April 15th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average 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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