JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Oder Investment Management LLC

Oder Investment Management LLC increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 10,318 shares of the financial services provider’s stock after acquiring an additional 344 shares during the period. JPMorgan Chase & Co. makes up approximately 2.3% of Oder Investment Management LLC’s holdings, making the stock its 12th largest holding. Oder Investment Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,633,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. QP Wealth Management LLC increased its position in JPMorgan Chase & Co. by 0.9% in the 4th quarter. QP Wealth Management LLC now owns 7,700 shares of the financial services provider’s stock valued at $1,219,000 after buying an additional 67 shares in the last quarter. Breiter Capital Management Inc. increased its position in JPMorgan Chase & Co. by 0.6% in the 4th quarter. Breiter Capital Management Inc. now owns 10,844 shares of the financial services provider’s stock valued at $1,717,000 after buying an additional 67 shares in the last quarter. KLCM Advisors Inc. increased its position in JPMorgan Chase & Co. by 0.5% in the 4th quarter. KLCM Advisors Inc. now owns 12,800 shares of the financial services provider’s stock valued at $2,027,000 after buying an additional 69 shares in the last quarter. Hurlow Wealth Management Group Inc. increased its position in JPMorgan Chase & Co. by 1.1% in the 4th quarter. Hurlow Wealth Management Group Inc. now owns 6,166 shares of the financial services provider’s stock valued at $793,000 after buying an additional 69 shares in the last quarter. Finally, Bigelow Investment Advisors LLC increased its position in JPMorgan Chase & Co. by 1.0% in the 4th quarter. Bigelow Investment Advisors LLC now owns 6,886 shares of the financial services provider’s stock valued at $1,090,000 after buying an additional 69 shares in the last quarter. 70.35% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:JPM traded up $3.97 during trading on Tuesday, hitting $122.23. 711,046 shares of the company were exchanged, compared to its average volume of 14,959,824. The company has a market cap of $359.00 billion, a PE ratio of 9.09, a P/E/G ratio of 2.14 and a beta of 1.12. The stock has a 50 day moving average of $130.38 and a 200 day moving average of $147.49. JPMorgan Chase & Co. has a 52-week low of $115.37 and a 52-week high of $172.96. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.82 and a quick ratio of 0.82.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its quarterly earnings results on Wednesday, April 13th. The financial services provider reported $2.63 earnings per share for the quarter, missing the consensus estimate of $2.73 by ($0.10). The firm had revenue of $30.72 billion during the quarter, compared to the consensus estimate of $30.53 billion. JPMorgan Chase & Co. had a return on equity of 16.58% and a net margin of 33.61%. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $4.50 EPS. Sell-side analysts forecast that JPMorgan Chase & Co. will post 11.14 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, July 31st. Investors of record on Wednesday, July 6th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.27%. JPMorgan Chase & Co.’s dividend payout ratio is presently 29.67%.

JPM has been the subject of a number of recent research reports. Citigroup decreased their price objective on JPMorgan Chase & Co. from $188.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, January 18th. StockNews.com initiated coverage on JPMorgan Chase & Co. in a report on Thursday, March 31st. They set a “hold” rating for the company. Berenberg Bank set a $120.00 price objective on JPMorgan Chase & Co. in a report on Tuesday, April 19th. Wells Fargo & Company decreased their price objective on JPMorgan Chase & Co. from $180.00 to $150.00 and set an “equal weight” rating for the company in a report on Monday, April 4th. Finally, BMO Capital Markets decreased their price objective on JPMorgan Chase & Co. from $154.00 to $150.00 and set a “hold” rating for the company in a report on Thursday, April 14th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $163.00.

In other news, CEO Jennifer Piepszak sold 4,668 shares of the firm’s stock in a transaction dated Thursday, April 14th. The stock was sold at an average price of $126.19, for a total transaction of $589,054.92. Following the transaction, the chief executive officer now directly owns 11,135 shares of the company’s stock, valued at $1,405,125.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ashley Bacon sold 21,012 shares of the firm’s stock in a transaction dated Tuesday, April 19th. The shares were sold at an average price of $130.04, for a total value of $2,732,400.48. Following the transaction, the insider now directly owns 178,588 shares in the company, valued at $23,223,583.52. The disclosure for this sale can be found here. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Profile (Get Rating)

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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.

See Also

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

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