JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Stevens Capital Management LP

Key Points

• Stevens Capital Management LP significantly increased its stake in JPMorgan Chase & Co. by 1,400.8% during the first quarter, owning 33,242 shares by the end of the period.
• JPMorgan Chase & Co. recently reported a quarterly EPS of $4.96, exceeding analyst estimates, although its revenue has decreased by 10.5% year-over-year.
• The company also announced a quarterly dividend of $1.40, resulting in a 1.9% annualized dividend yield for investors.

Stevens Capital Management LP grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1,400.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,242 shares of the financial services provider's stock after purchasing an additional 31,027 shares during the period. JPMorgan Chase & Co. makes up approximately 2.0% of Stevens Capital Management LP's investment portfolio, making the stock its 9th largest holding. Stevens Capital Management LP's holdings in JPMorgan Chase & Co. were worth $8,154,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of JPM. GAMMA Investing LLC grew its holdings in JPMorgan Chase & Co. by 25,861.9% during the first quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock worth $5,778,289,000 after acquiring an additional 23,465,278 shares during the period. Northern Trust Corp increased its stake in JPMorgan Chase & Co. by 15.4% in the 4th quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider's stock worth $8,113,147,000 after purchasing an additional 4,515,147 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in JPMorgan Chase & Co. by 31.4% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 10,684,810 shares of the financial services provider's stock worth $2,561,256,000 after purchasing an additional 2,551,899 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in JPMorgan Chase & Co. by 16.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,550,491 shares of the financial services provider's stock worth $4,207,028,000 after purchasing an additional 2,465,572 shares in the last quarter. Finally, APG Asset Management N.V. increased its stake in JPMorgan Chase & Co. by 457.7% in the 4th quarter. APG Asset Management N.V. now owns 2,725,473 shares of the financial services provider's stock worth $630,925,000 after purchasing an additional 2,236,740 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 2,821 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $749,567.91. Following the completion of the sale, the general counsel directly owned 68,757 shares in the company, valued at $18,269,422.47. The trade was a 3.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $250.00, for a total value of $2,375,000.00. Following the sale, the director owned 91,539 shares of the company's stock, valued at approximately $22,884,750. This represents a 9.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,200 shares of company stock valued at $18,060,015 in the last quarter. Corporate insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Down 2.4%

Shares of JPMorgan Chase & Co. stock traded down $7.03 during trading on Friday, hitting $289.21. 12,005,470 shares of the stock traded hands, compared to its average volume of 8,727,902. The stock has a market cap of $803.74 billion, a P/E ratio of 14.84, a PEG ratio of 1.95 and a beta of 1.11. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.89 and a current ratio of 0.88. JPMorgan Chase & Co. has a twelve month low of $190.90 and a twelve month high of $301.29. The company has a fifty day moving average price of $281.04 and a two-hundred day moving average price of $261.57.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly 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. The business had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%. The firm's revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the company earned $6.12 EPS. Equities research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared 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 annualized dividend 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%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on JPM shares. KGI Securities started coverage on JPMorgan Chase & Co. in a research note on Sunday, April 13th. They issued a "hold" rating on the stock. Piper Sandler reissued an "overweight" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. Morgan Stanley lifted their price target on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Wells Fargo & Company lifted their price target on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Finally, Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 16th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $288.68.

JPMorgan Chase & Co. Company 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.