JPMorgan Chase & Co. (JPM) Holdings Increased by Gillespie Robinson & Grimm Inc.

Gillespie Robinson & Grimm Inc. lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 65.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 205,827 shares of the financial services provider’s stock after purchasing an additional 81,380 shares during the quarter. JPMorgan Chase & Co. makes up about 2.8% of Gillespie Robinson & Grimm Inc.’s holdings, making the stock its 23rd biggest position. Gillespie Robinson & Grimm Inc.’s holdings in JPMorgan Chase & Co. were worth $20,093,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Contravisory Investment Management Inc. increased its position in JPMorgan Chase & Co. by 188.3% in the 4th quarter. Contravisory Investment Management Inc. now owns 542 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 354 shares in the last quarter. Bogart Wealth LLC increased its position in JPMorgan Chase & Co. by 19.0% in the 4th quarter. Bogart Wealth LLC now owns 625 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 100 shares in the last quarter. Arlington Partners LLC increased its position in JPMorgan Chase & Co. by 126.6% in the 3rd quarter. Arlington Partners LLC now owns 895 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 500 shares in the last quarter. O Brien Wealth Partners LLC increased its position in JPMorgan Chase & Co. by 1,120.9% in the 3rd quarter. O Brien Wealth Partners LLC now owns 1,111 shares of the financial services provider’s stock valued at $125,000 after acquiring an additional 1,020 shares in the last quarter. Finally, Mackey Komara & Dankovich LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $172,000. Institutional investors own 69.91% of the company’s stock.

JPM traded down $0.01 during trading on Friday, reaching $112.51. The company had a trading volume of 13,188,966 shares, compared to its average volume of 11,275,966. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.00 and a current ratio of 1.00. JPMorgan Chase & Co. has a 12 month low of $91.11 and a 12 month high of $119.24. The firm has a market cap of $386.16 billion, a P/E ratio of 12.50, a PEG ratio of 1.61 and a beta of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, April 12th. The financial services provider reported $2.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.32 by $0.33. The firm had revenue of $29.12 billion for the quarter, compared to analyst estimates of $27.95 billion. JPMorgan Chase & Co. had a net margin of 24.28% and a return on equity of 14.23%. During the same quarter in the previous year, the firm posted $2.37 earnings per share. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 10 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date was Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 35.56%.

In other news, Director Mellody L. Hobson purchased 18,000 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were purchased at an average cost of $111.02 per share, with a total value of $1,998,360.00. Following the completion of the transaction, the director now owns 5,785 shares of the company’s stock, valued at approximately $642,250.70. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mellody L. Hobson purchased 1,700 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were purchased at an average cost of $114.26 per share, for a total transaction of $194,242.00. Following the completion of the transaction, the director now directly owns 7,485 shares of the company’s stock, valued at approximately $855,236.10. The disclosure for this purchase can be found here. In the last three months, insiders sold 157,573 shares of company stock worth $17,293,454. 0.76% of the stock is currently owned by insiders.

Several equities research analysts have weighed in on JPM shares. BMO Capital Markets lowered their price objective on shares of JPMorgan Chase & Co. from $123.00 to $116.00 and set a “market perform” rating for the company in a research report on Thursday, February 28th. HSBC set a $102.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Wells Fargo & Co reiterated an “outperform” rating and set a $130.00 price target (up previously from $121.00) on shares of JPMorgan Chase & Co. in a research report on Thursday, February 14th. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Finally, Credit Suisse Group lifted their price target on shares of JPMorgan Chase & Co. from $128.00 to $132.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $123.05.

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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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