JPMorgan Chase (JPM) Shares Bought by Crossvault Capital Management LLC

Crossvault Capital Management LLC grew its holdings in JPMorgan Chase (NYSE:JPM) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,431 shares of the financial services provider’s stock after purchasing an additional 951 shares during the quarter. JPMorgan Chase accounts for about 3.5% of Crossvault Capital Management LLC’s holdings, making the stock its 10th biggest holding. Crossvault Capital Management LLC’s holdings in JPMorgan Chase were worth $6,569,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of JPM. Janus Henderson Group PLC lifted its stake in JPMorgan Chase by 517.3% in the second quarter. Janus Henderson Group PLC now owns 5,553,819 shares of the financial services provider’s stock worth $507,632,000 after acquiring an additional 4,654,113 shares during the last quarter. Stifel Financial Corp lifted its stake in JPMorgan Chase by 9,301.6% in the third quarter. Stifel Financial Corp now owns 4,351,736 shares of the financial services provider’s stock worth $415,662,000 after acquiring an additional 4,305,449 shares during the last quarter. Alliancebernstein L.P. lifted its stake in JPMorgan Chase by 29.2% in the second quarter. Alliancebernstein L.P. now owns 17,456,699 shares of the financial services provider’s stock worth $1,595,542,000 after acquiring an additional 3,945,948 shares during the last quarter. Vanguard Group Inc. lifted its stake in JPMorgan Chase by 1.5% in the second quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock worth $22,839,729,000 after acquiring an additional 3,717,683 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in JPMorgan Chase by 40.8% in the second quarter. Parametric Portfolio Associates LLC now owns 9,769,017 shares of the financial services provider’s stock worth $892,886,000 after acquiring an additional 2,828,726 shares during the last quarter. Institutional investors own 74.50% of the company’s stock.

Shares of JPMorgan Chase stock opened at $109.09 on Monday. The firm has a market capitalization of $374,392.41, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.84 and a beta of 1.24. JPMorgan Chase has a 12 month low of $81.64 and a 12 month high of $119.33. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.01 and a current ratio of 1.01.

JPMorgan Chase (NYSE:JPM) last announced its earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. The business had revenue of $24.15 billion for the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase had a net margin of 21.46% and a return on equity of 11.63%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.71 EPS. equities research analysts expect that JPMorgan Chase will post 8.89 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, April 6th will be issued a $0.56 dividend. The ex-dividend date is Thursday, April 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.05%. JPMorgan Chase’s payout ratio is 32.61%.

A number of research analysts recently issued reports on JPM shares. Buckingham Research upgraded shares of JPMorgan Chase from a “neutral” rating to a “buy” rating in a research note on Thursday, December 21st. Wells Fargo set a $120.00 price objective on shares of JPMorgan Chase and gave the stock a “buy” rating in a report on Wednesday, December 20th. Credit Suisse Group raised shares of JPMorgan Chase to a “buy” rating and set a $120.00 price objective on the stock in a report on Friday, January 5th. Vining Sparks reissued a “buy” rating and set a $120.00 price objective on shares of JPMorgan Chase in a report on Friday, January 12th. Finally, Argus raised their price objective on shares of JPMorgan Chase from $109.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $112.58.

In other JPMorgan Chase news, EVP Peter Scher sold 17,057 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.20, for a total value of $1,913,795.40. Following the transaction, the executive vice president now directly owns 15,310 shares of the company’s stock, valued at approximately $1,717,782. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James S. Crown acquired 7,280 shares of the company’s stock in a transaction on Thursday, January 18th. The stock was purchased at an average cost of $113.37 per share, for a total transaction of $825,333.60. Following the completion of the purchase, the director now directly owns 305,875 shares in the company, valued at approximately $34,677,048.75. The disclosure for this purchase can be found here. Insiders sold a total of 152,047 shares of company stock worth $17,098,115 over the last ninety days. Corporate insiders own 0.88% of the company’s stock.

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JPMorgan Chase Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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