Epoch Investment Partners Inc. Buys 114,780 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Epoch Investment Partners Inc. boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 8.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,524,742 shares of the financial services provider’s stock after buying an additional 114,780 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.4% of Epoch Investment Partners Inc.’s investment portfolio, making the stock its 6th largest holding. Epoch Investment Partners Inc. owned 0.05% of JPMorgan Chase & Co. worth $305,406,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. LRI Investments LLC acquired a new position in shares of JPMorgan Chase & Co. during the first quarter valued at $2,012,000. 1832 Asset Management L.P. increased its holdings in shares of JPMorgan Chase & Co. by 5.5% during the first quarter. 1832 Asset Management L.P. now owns 3,523,898 shares of the financial services provider’s stock valued at $705,837,000 after purchasing an additional 185,290 shares during the period. Elkhorn Partners Limited Partnership acquired a new position in shares of JPMorgan Chase & Co. during the first quarter valued at $601,000. Stonebridge Capital Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.8% during the first quarter. Stonebridge Capital Advisors LLC now owns 157,800 shares of the financial services provider’s stock valued at $31,607,000 after purchasing an additional 2,719 shares during the period. Finally, Envoi LLC acquired a new position in shares of JPMorgan Chase & Co. during the first quarter valued at $241,000. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 1.7 %

NYSE JPM traded up $3.57 during trading on Friday, reaching $212.24. 8,027,787 shares of the company’s stock were exchanged, compared to its average volume of 9,013,996. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $217.56. The firm has a market capitalization of $609.48 billion, a PE ratio of 11.84, a P/E/G ratio of 2.49 and a beta of 1.12. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24. The company’s fifty day simple moving average is $202.39 and its 200-day simple moving average is $191.75.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The company had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. During the same period last year, the business earned $4.37 EPS. Sell-side analysts predict that JPMorgan Chase & Co. will post 16.67 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.66%.

Insider Transactions at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 4,415 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the sale, the general counsel now directly owns 42,124 shares of the company’s stock, valued at approximately $8,452,180.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, General Counsel Stacey Friedman sold 4,415 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.65, for a total value of $885,869.75. Following the transaction, the general counsel now directly owns 42,124 shares of the company’s stock, valued at approximately $8,452,180.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Elena A. Korablina sold 21,829 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $190.91, for a total value of $4,167,374.39. Following the completion of the transaction, the insider now directly owns 6,484 shares in the company, valued at $1,237,860.44. The disclosure for this sale can be found here. Insiders sold 72,343 shares of company stock valued at $14,137,789 in the last three months. Corporate insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

JPM has been the topic of a number of research analyst reports. Wolfe Research lowered JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. UBS Group raised their target price on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Evercore ISI raised their target price on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, Piper Sandler raised their target price on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $202.89.

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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.