Wealthquest Corp Invests $3.03 Million in JPMorgan Chase & Co. $JPM

Key Points

• Wealthquest Corp bought a new position in JPMorgan Chase & Co. during the fourth quarter, acquiring 9,395 shares valued at about $3.03 million. The stake now represents 0.2% of its portfolio and is Wealthquest’s 29th largest holding.
• Institutional interest in JPM remains strong, with several large hedge funds and asset managers adding to or initiating positions. Overall, 71.55% of JPMorgan’s shares are held by hedge funds and other institutional investors.
• JPMorgan reported solid quarterly results, beating estimates with $5.94 EPS versus $5.50 expected and revenue of $50.54 billion versus $48.30 billion expected. The company also maintained a quarterly dividend of $1.50 per share, equating to a 2.0% annual yield.

Wealthquest Corp acquired a new position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,395 shares of the financial services provider's stock, valued at approximately $3,027,000. JPMorgan Chase & Co. makes up 0.2% of Wealthquest Corp's investment portfolio, making the stock its 29th largest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of JPM. Danske Bank A S purchased a new stake in JPMorgan Chase & Co. in the 3rd quarter worth $696,885,000. American Assets Investment Management LLC increased its stake in JPMorgan Chase & Co. by 1,172.2% in the 4th quarter. American Assets Investment Management LLC now owns 2,259,400 shares of the financial services provider's stock worth $728,024,000 after buying an additional 2,081,800 shares in the last quarter. Holocene Advisors LP increased its stake in JPMorgan Chase & Co. by 1,033.3% in the 3rd quarter. Holocene Advisors LP now owns 2,155,120 shares of the financial services provider's stock worth $679,790,000 after buying an additional 1,964,958 shares in the last quarter. Viking Global Investors LP increased its stake in JPMorgan Chase & Co. by 86.1% in the 2nd quarter. Viking Global Investors LP now owns 4,042,034 shares of the financial services provider's stock worth $1,171,826,000 after buying an additional 1,870,386 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth $474,516,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on JPM shares. Barclays reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, May 6th. Argus increased their price target on JPMorgan Chase & Co. from $340.00 to $355.00 and gave the stock a "buy" rating in a research note on Wednesday, April 15th. Dbs Bank upgraded JPMorgan Chase & Co. to a "hold" rating in a research note on Tuesday, May 12th. Zacks Research lowered JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 8th. Finally, Jefferies Financial Group reiterated a "neutral" rating on shares of JPMorgan Chase & Co. in a research note on Monday, May 4th. Fifteen research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $339.08.

JPMorgan Chase & Co. News Roundup

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: JPMorgan’s Q2 fee income outlook looks strong, with expectations for higher markets revenue and investment-banking fees as volatility and deal-making support results. JPMorgan's Bullish Q2 Outlook Highlights Fee Income Potential
• Positive Sentiment: Additional bullish coverage highlighted JPMorgan as a strong financial stock choice and one that can benefit if interest rates remain elevated or rise again, since higher rates can support bank net interest income. If the Fed Hikes Again, These 3 Financial Stocks Should Still Hold Up
• Neutral Sentiment: JPMorgan also appeared in several broader market and analyst roundups, including “best undervalued financial stock” and “stock to watch” lists, which support sentiment but do not add a new near-term fundamental catalyst. JPMorgan (JPM): The Best Undervalued Financial Stock to Buy Now
• Neutral Sentiment: There were also several references to JPMorgan’s broader market influence, including research notes and banking-industry commentary, but these are mostly informational rather than direct catalysts for the shares. JPMorgan's Bullish Q2 Outlook Highlights Fee Income Potential
• Negative Sentiment: One legal headline noted JPMorgan was ordered to pay $4.25 million in an employee dispute, but the amount is small relative to the bank’s size and is unlikely to move the stock on its own. JPMorgan has been ordered to pay a fired employee $4.25 million over a Super Bowl deli platter dispute

JPMorgan Chase & Co. Stock Down 0.8%

Shares of NYSE:JPM opened at $296.84 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.30. JPMorgan Chase & Co. has a 12 month low of $260.31 and a 12 month high of $337.25. The company has a 50-day moving average price of $302.65 and a 200 day moving average price of $306.58. The company has a market cap of $795.38 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 1.46 and a beta of 1.00.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.50 by $0.44. The business had revenue of $50.54 billion during the quarter, compared to the consensus estimate of $48.30 billion. JPMorgan Chase & Co. had a net margin of 20.66% and a return on equity of 17.54%. The firm's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm earned $5.07 earnings per share. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 22.4 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.0%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 28.74%.

Insider Activity at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 433 shares of the firm's stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $295.06, for a total transaction of $127,760.98. Following the transaction, the insider directly owned 64,920 shares of the company's stock, valued at approximately $19,155,295.20. This trade represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Stacey Friedman sold 5,468 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $300.27, for a total transaction of $1,641,876.36. Following the transaction, the general counsel directly owned 46,428 shares in the company, valued at approximately $13,940,935.56. The trade was a 10.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 28,589 shares of company stock valued at $8,747,496. 0.41% of the stock is owned by insiders.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co NYSE: JPM is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm's principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

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