Capital International Investors Buys 1,029,205 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Capital International Investors boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,366,319 shares of the financial services provider’s stock after acquiring an additional 1,029,205 shares during the period. JPMorgan Chase & Co. accounts for about 1.3% of Capital International Investors’ holdings, making the stock its 15th biggest position. Capital International Investors’ holdings in JPMorgan Chase & Co. were worth $3,814,863,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Meridian Financial Partners LLC grew its stake in JPMorgan Chase & Co. by 1.6% in the 4th quarter. Meridian Financial Partners LLC now owns 4,753 shares of the financial services provider’s stock worth $651,000 after buying an additional 76 shares in the last quarter. Signet Financial Management LLC boosted its position in JPMorgan Chase & Co. by 1.7% during 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 during the period. Corundum Group Inc. boosted its position in JPMorgan Chase & Co. by 2.3% during the 4th quarter. Corundum Group Inc. now owns 3,590 shares of the financial services provider’s stock valued at $500,000 after buying an additional 79 shares during the period. Integrated Investment Consultants LLC boosted its position in JPMorgan Chase & Co. by 0.4% during the 4th quarter. Integrated Investment Consultants LLC now owns 20,458 shares of the financial services provider’s stock valued at $2,852,000 after buying an additional 84 shares during the period. Finally, Bull Street Advisors LLC boosted its position in JPMorgan Chase & Co. by 0.7% during the 4th quarter. Bull Street Advisors LLC now owns 11,622 shares of the financial services provider’s stock valued at $1,620,000 after buying an additional 85 shares during the period. 73.93% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Peter Scher sold 21,949 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $137.11, for a total value of $3,009,427.39. Following the completion of the transaction, the executive vice president now directly owns 26,525 shares in the company, valued at approximately $3,636,842.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Daniel E. Pinto sold 15,212 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $135.72, for a total transaction of $2,064,572.64. Following the completion of the transaction, the chief executive officer now owns 458,209 shares of the company’s stock, valued at $62,188,125.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 128,814 shares of company stock valued at $17,318,144. 0.76% of the stock is owned by company insiders.

Several brokerages have weighed in on JPM. Royal Bank of Canada reissued a “buy” rating and set a $145.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 8th. DZ Bank raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Friday, March 20th. Wolfe Research cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 6th. DA Davidson assumed coverage on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 8th. They set a “neutral” rating and a $140.00 price target for the company. Finally, Bank of America restated a “buy” rating and issued a $147.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $131.18.

NYSE JPM traded up $4.91 during trading on Thursday, hitting $96.64. The company had a trading volume of 13,575,505 shares, compared to its average volume of 34,256,072. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a one year low of $76.91 and a one year high of $141.10. The company has a market cap of $271.83 billion, a price-to-earnings ratio of 9.01, a price-to-earnings-growth ratio of 1.67 and a beta of 1.19. The company’s fifty day moving average is $117.04 and its 200-day moving average is $125.62.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, January 14th. The financial services provider reported $2.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.25. The business 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% on a year-over-year basis. During the same period in the prior year, the business earned $1.98 EPS. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 10.57 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Monday, April 6th will be paid a $0.90 dividend. The ex-dividend date is Friday, April 3rd. This represents a $3.60 annualized dividend and a dividend yield of 3.73%. JPMorgan Chase & Co.’s payout ratio is 34.35%.

JPMorgan Chase & Co. 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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