United Capital Management of KS Inc. Purchases 2,353 Shares of JPMorgan Chase & Co. (JPM)

United Capital Management of KS Inc. lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 13.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,784 shares of the financial services provider’s stock after acquiring an additional 2,353 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.8% of United Capital Management of KS Inc.’s holdings, making the stock its 14th largest position. United Capital Management of KS Inc.’s holdings in JPMorgan Chase & Co. were worth $1,931,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Advisory Inc. bought a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at approximately $278,896,000. Rehmann Capital Advisory Group boosted its stake in JPMorgan Chase & Co. by 5,555.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 2,352,612 shares of the financial services provider’s stock valued at $11,266,384,000 after purchasing an additional 2,311,016 shares during the period. Royal London Asset Management Ltd. bought a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at approximately $161,331,000. LFA Lugano Financial Advisors SA bought a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at approximately $961,000. Finally, OMERS ADMINISTRATION Corp boosted its stake in JPMorgan Chase & Co. by 21.4% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 4,656,959 shares of the financial services provider’s stock valued at $485,255,000 after purchasing an additional 821,647 shares during the period. Institutional investors own 69.88% of the company’s stock.

Several brokerages recently weighed in on JPM. Zacks Investment Research downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. BMO Capital Markets increased their target price on JPMorgan Chase & Co. from $116.00 to $118.00 and gave the company a “market perform” rating in a research note on Monday. Credit Suisse Group increased their target price on JPMorgan Chase & Co. from $128.00 to $132.00 and gave the company an “outperform” rating in a research note on Monday. Morgan Stanley increased their target price on JPMorgan Chase & Co. from $124.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Barclays restated a “buy” rating and set a $140.00 target price on shares of JPMorgan Chase & Co. in a research note on Thursday, February 21st. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $123.05.

In other news, General Counsel Stacey Friedman sold 3,022 shares of the stock in a transaction that occurred on Tuesday, January 29th. The stock was sold at an average price of $105.00, for a total value of $317,310.00. Following the completion of the transaction, the general counsel now directly owns 12,519 shares of the company’s stock, valued at approximately $1,314,495. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ashley Bacon sold 5,831 shares of the stock in a transaction that occurred on Wednesday, January 16th. The stock was sold at an average price of $102.78, for a total value of $599,310.18. Following the completion of the transaction, the insider now directly owns 98,838 shares of the company’s stock, valued at $10,158,569.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,191 shares of company stock valued at $4,102,110. 0.73% of the stock is currently owned by insiders.

JPMorgan Chase & Co. stock traded down $1.27 during trading hours on Monday, hitting $109.94. The stock had a trading volume of 14,881,536 shares, compared to its average volume of 13,872,982. JPMorgan Chase & Co. has a fifty-two week low of $91.11 and a fifty-two week high of $119.24. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.22. The stock has a market cap of $381.67 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, April 12th. The financial services provider reported $2.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.33. JPMorgan Chase & Co. had a return on equity of 14.07% and a net margin of 24.71%. The business had revenue of $29.12 billion during the quarter, compared to analysts’ expectations of $27.95 billion. During the same period in the prior year, the firm posted $2.37 EPS. On average, analysts expect that JPMorgan Chase & Co. will post 9.68 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.91%. JPMorgan Chase & Co.’s payout ratio is presently 35.56%.

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JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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