Bearing Point Capital LLC Grows Stake in JPMorgan Chase & Co. (NYSE:JPM)

Key Points

• Bearing Point Capital LLC increased its stake in JPMorgan Chase & Co. by 9.9%, bringing its total holdings to 45,468 shares, valued at approximately $11.15 million.
• Multiple hedge funds have also adjusted their positions in JPMorgan, with notable increases from Vawter Financial Ltd. (1.0%) and TD Asset Management Inc. (2.2%).
• JPMorgan Chase recently reported quarterly earnings of $4.96 per share, exceeding analyst expectations, despite a 10.5% year-over-year decline in revenue.

Bearing Point Capital LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 9.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 45,468 shares of the financial services provider's stock after buying an additional 4,106 shares during the period. JPMorgan Chase & Co. comprises approximately 2.4% of Bearing Point Capital LLC's holdings, making the stock its 5th largest position. Bearing Point Capital LLC's holdings in JPMorgan Chase & Co. were worth $11,153,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Vawter Financial Ltd. increased its stake in shares of JPMorgan Chase & Co. by 1.0% in the 1st quarter. Vawter Financial Ltd. now owns 3,971 shares of the financial services provider's stock worth $974,000 after purchasing an additional 41 shares in the last quarter. Allium Financial Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth $750,000. Security Financial Services INC. increased its stake in shares of JPMorgan Chase & Co. by 2.3% in the 1st quarter. Security Financial Services INC. now owns 7,589 shares of the financial services provider's stock worth $1,862,000 after purchasing an additional 168 shares in the last quarter. Brown Wealth Management LLC increased its stake in shares of JPMorgan Chase & Co. by 2.4% in the 1st quarter. Brown Wealth Management LLC now owns 2,360 shares of the financial services provider's stock worth $579,000 after purchasing an additional 55 shares in the last quarter. Finally, TD Asset Management Inc increased its stake in shares of JPMorgan Chase & Co. by 2.2% in the 1st quarter. TD Asset Management Inc now owns 5,068,154 shares of the financial services provider's stock worth $1,243,218,000 after purchasing an additional 108,675 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $289.21 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 1-year low of $190.90 and a 1-year high of $301.29. The firm has a market capitalization of $803.74 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 2.00 and a beta of 1.11. The company's 50-day moving average is $281.04 and its 200 day moving average is $261.57.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping analysts' consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The company had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. During the same period in the prior year, the company posted $6.12 EPS. The firm's revenue for the quarter was down 10.5% on a year-over-year basis. Research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 3rd were given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is 28.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Evercore ISI set a $298.00 price objective on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research note on Monday, July 7th. Phillip Securities lowered JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 16th. Robert W. Baird lowered JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target for the company. in a research note on Friday, June 27th. Keefe, Bruyette & Woods increased their price target on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Finally, Hsbc Global Res lowered JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $288.68.

Insider Activity

In related news, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the sale, the chief operating officer directly owned 62,455 shares of the company's stock, valued at $16,392,563.85. This represents a 8.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Stacey Friedman sold 2,821 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value of $749,567.91. Following the completion of the sale, the general counsel owned 68,757 shares of the company's stock, valued at $18,269,422.47. The trade was a 3.94% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,200 shares of company stock valued at $18,060,015. Company insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.

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