Summit Trail Advisors LLC Buys 2,823 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Summit Trail Advisors LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 19.3% in the fourth quarter, HoldingsChannel reports. The firm owned 17,423 shares of the financial services provider’s stock after acquiring an additional 2,823 shares during the period. Summit Trail Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $2,759,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of JPM. Renaissance Technologies LLC grew its position in JPMorgan Chase & Co. by 1,543.7% in the 4th quarter. Renaissance Technologies LLC now owns 3,341,486 shares of the financial services provider’s stock worth $529,124,000 after purchasing an additional 3,138,200 shares during the period. Capital World Investors grew its position in JPMorgan Chase & Co. by 3.9% in the 3rd quarter. Capital World Investors now owns 74,302,154 shares of the financial services provider’s stock worth $12,162,752,000 after purchasing an additional 2,764,341 shares during the period. National Bank of Canada FI bought a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $298,028,000. Franklin Resources Inc. grew its position in JPMorgan Chase & Co. by 13.4% in the 3rd quarter. Franklin Resources Inc. now owns 15,516,265 shares of the financial services provider’s stock worth $2,539,859,000 after purchasing an additional 1,827,675 shares during the period. Finally, Altshuler Shaham Ltd grew its position in JPMorgan Chase & Co. by 4,144,969.8% in the 3rd quarter. Altshuler Shaham Ltd now owns 1,782,380 shares of the financial services provider’s stock worth $329,233,000 after purchasing an additional 1,782,337 shares during the period. 70.35% of the stock is owned by institutional investors and hedge funds.

JPM stock traded down $2.05 during mid-day trading on Thursday, hitting $118.04. The company had a trading volume of 614,698 shares, compared to its average volume of 14,881,554. The company has a market capitalization of $346.69 billion, a price-to-earnings ratio of 8.74, a P/E/G ratio of 2.13 and a beta of 1.12. JPMorgan Chase & Co. has a 12-month low of $115.37 and a 12-month high of $172.96. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.16. The company has a 50-day moving average price of $129.92 and a 200 day moving average price of $147.12.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its earnings results on Wednesday, April 13th. The financial services provider reported $2.63 earnings per share for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.10). JPMorgan Chase & Co. had a return on equity of 16.58% and a net margin of 33.61%. The business had revenue of $30.72 billion during the quarter, compared to the consensus estimate of $30.53 billion. During the same quarter last year, the firm earned $4.50 earnings per share. The business’s quarterly revenue was down 4.8% on a year-over-year basis. As a group, analysts expect that JPMorgan Chase & Co. will post 11.04 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, July 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.39%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.67%.

A number of equities research analysts have commented on the stock. Berenberg Bank set a $120.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, April 19th. Jefferies Financial Group dropped their price target on shares of JPMorgan Chase & Co. from $141.00 to $125.00 in a research note on Friday, May 13th. UBS Group set a $197.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 2nd. Barclays set a $200.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday. Finally, The Goldman Sachs Group set a $151.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Thursday, April 14th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $161.17.

In related news, CEO Jennifer Piepszak sold 4,668 shares of the company’s stock in a transaction dated Thursday, April 14th. The shares were 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 in the company, valued at approximately $1,405,125.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ashley Bacon sold 21,012 shares of the company’s stock in a transaction dated Tuesday, April 19th. The shares were sold at an average price of $130.04, for a total transaction of $2,732,400.48. Following the transaction, the insider now owns 178,588 shares in the company, valued at $23,223,583.52. The disclosure for this sale can be found here. Insiders own 0.79% of the company’s stock.

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.

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

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