Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 371,383 shares of the financial services provider's stock after buying an additional 3,558 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in JPMorgan Chase & Co. were worth $91,100,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in JPM. MJT & Associates Financial Advisory Group Inc. acquired a new stake in JPMorgan Chase & Co. during the 1st quarter worth $28,000. University of Illinois Foundation bought a new position in JPMorgan Chase & Co. during the 1st quarter worth about $30,000. Curat Global LLC bought a new position in JPMorgan Chase & Co. during the 1st quarter worth about $33,000. Measured Risk Portfolios Inc. bought a new position in JPMorgan Chase & Co. during the 4th quarter worth about $44,000. Finally, Minot DeBlois Advisors LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter worth about $54,000. Institutional investors and hedge funds own 71.55% of the company's stock.
Insider Buying and Selling
In other news, COO Jennifer Piepszak sold 6,128 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the completion of the sale, the chief operating officer owned 62,455 shares in the company, valued at $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 stock was sold at an average price of $265.71, for a total value of $749,567.91. Following the sale, the general counsel owned 68,757 shares of the company's stock, valued at approximately $18,269,422.47. This represents a 3.94% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,557 shares of company stock valued at $4,113,796. Corporate insiders own 0.47% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Hsbc Global Res cut JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Evercore ISI set a $298.00 target price on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a report on Monday, July 7th. UBS Group increased their target price on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Finally, Royal Bank Of Canada set a $305.00 target price on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a report on Monday, June 30th. 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. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and a consensus price target of $288.68.
View Our Latest Stock Analysis on JPMorgan Chase & Co.
JPMorgan Chase & Co. Stock Performance
NYSE:JPM traded down $2.36 during mid-day trading on Wednesday, hitting $290.49. The stock had a trading volume of 8,416,683 shares, compared to its average volume of 8,127,799. JPMorgan Chase & Co. has a twelve month low of $200.61 and a twelve month high of $301.29. The stock has a market cap of $798.77 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 1.95 and a beta of 1.11. The company's 50 day simple moving average is $285.29 and its 200 day simple moving average is $263.25. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. During the same period last year, the business posted $6.12 EPS. JPMorgan Chase & Co.'s revenue was down 10.5% on a year-over-year basis. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd were issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is currently 28.73%.
JPMorgan Chase & Co. Company Profile
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Free Report)
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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