Wagner Bowman Management Corp Has $1.49 Million Stake in JPMorgan Chase & Co. (JPM)

Wagner Bowman Management Corp increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 15,215 shares of the financial services provider’s stock after acquiring an additional 806 shares during the period. Wagner Bowman Management Corp’s holdings in JPMorgan Chase & Co. were worth $1,485,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Royal London Asset Management Ltd. acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $182,400,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of JPMorgan Chase & Co. by 3.2% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 315,320 shares of the financial services provider’s stock valued at $30,782,000 after acquiring an additional 9,697 shares during the last quarter. Cadinha & Co. LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.5% during the 4th quarter. Cadinha & Co. LLC now owns 144,647 shares of the financial services provider’s stock valued at $14,120,000 after acquiring an additional 653 shares during the last quarter. GWM Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 10.7% during the 4th quarter. GWM Advisors LLC now owns 174,449 shares of the financial services provider’s stock valued at $17,030,000 after acquiring an additional 16,888 shares during the last quarter. Finally, Reilly Financial Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 5.4% during the 4th quarter. Reilly Financial Advisors LLC now owns 7,770 shares of the financial services provider’s stock valued at $758,000 after acquiring an additional 399 shares during the last quarter. 69.91% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. stock opened at $112.52 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.25. The company has a market cap of $390.04 billion, a P/E ratio of 12.50, a P/E/G ratio of 1.66 and a beta of 1.16. JPMorgan Chase & Co. has a one year low of $91.11 and a one year high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, April 12th. The financial services provider reported $2.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.33. The business had revenue of $29.12 billion during the quarter, compared to the consensus estimate of $27.95 billion. JPMorgan Chase & Co. had a return on equity of 14.23% and a net margin of 24.28%. During the same quarter last year, the company earned $2.37 EPS. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 10 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were given a dividend of $0.80 per share. The ex-dividend date was Thursday, April 4th. This represents a $3.20 annualized dividend and a dividend yield of 2.84%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.56%.

In related news, CFO Marianne Lake sold 115,415 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $109.75, for a total transaction of $12,666,796.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mellody L. Hobson bought 1,700 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were bought at an average price of $114.26 per share, with a total value of $194,242.00. Following the transaction, the director now directly owns 7,485 shares in the company, valued at $855,236.10. The disclosure for this purchase can be found here. Insiders have sold a total of 157,573 shares of company stock valued at $17,293,454 in the last 90 days. 0.76% of the stock is owned by corporate insiders.

A number of brokerages have recently commented on JPM. Zacks Investment Research raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Monday, April 15th. Morgan Stanley raised their target price on JPMorgan Chase & Co. from $124.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, April 15th. HSBC set a $102.00 target price on JPMorgan Chase & Co. and gave the company a “neutral” rating in a report on Thursday, April 4th. Credit Suisse Group raised their target price on JPMorgan Chase & Co. from $128.00 to $132.00 and gave the company an “outperform” rating in a report on Monday, April 15th. Finally, BMO Capital Markets raised their target price on JPMorgan Chase & Co. from $116.00 to $118.00 and gave the company a “market perform” rating in a report on Monday, April 15th. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $123.05.

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JPMorgan Chase & Co. 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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