Mirabaud & Cie SA Purchases 13,840 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Key Points

• Mirabaud & Cie SA increased its ownership in JPMorgan Chase & Co. by 71.5%, acquiring an additional 13,840 shares, making it the 12th largest holding in their portfolio.
• JPMorgan's recent earnings surpassed analyst expectations with a net margin of 20.52% and an earnings per share (EPS) of $4.96 compared to an anticipated $4.48.
• The company declared a quarterly dividend of $1.40 per share, translating to an annualized yield of 2.0% and a dividend payout ratio of 28.73%.

Mirabaud & Cie SA lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 71.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,206 shares of the financial services provider's stock after buying an additional 13,840 shares during the quarter. JPMorgan Chase & Co. comprises 2.8% of Mirabaud & Cie SA's portfolio, making the stock its 12th biggest holding. Mirabaud & Cie SA's holdings in JPMorgan Chase & Co. were worth $8,145,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter worth about $28,000. Redwood Park Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $29,000. Curat Global LLC purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter worth about $33,000. Investment Counsel Co. of Nevada purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $37,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $44,000. Institutional investors own 71.55% of the company's stock.

Insider Buying and Selling

In related news, COO Jennifer Piepszak sold 6,128 shares of the firm'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 directly owned 62,455 shares of the company's stock, valued at approximately $16,392,563.85. This trade represents a 8.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Stacey Friedman sold 2,821 shares of the firm'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 directly owned 68,757 shares of the company's stock, valued at $18,269,422.47. This represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,557 shares of company stock valued at $4,113,796 over the last three months. 0.47% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $287.03 on Friday. The stock has a market cap of $797.67 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 1.94 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. The stock has a 50 day moving average price of $283.24 and a 200-day moving average price of $262.53. JPMorgan Chase & Co. has a one year low of $200.61 and a one year high of $301.29.

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

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 3rd were paid a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 28.73%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on JPM shares. KGI Securities started coverage on JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a "hold" rating for the company. Citigroup set a $275.00 target price on JPMorgan Chase & Co. and gave the stock a "buy" rating in a research report on Monday, July 7th. TD Cowen started coverage on JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a "buy" rating and a $305.00 target price for the company. Wall Street Zen upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Royal Bank Of Canada set a $305.00 price target on JPMorgan Chase & Co. and gave the company an "outperform" rating in a report on Monday, June 30th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and a consensus price target of $288.68.

About JPMorgan Chase & Co.

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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