JPMorgan Chase & Co. (JPM) Stake Lifted by Chesley Taft & Associates LLC

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Chesley Taft & Associates LLC increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,417 shares of the financial services provider’s stock after acquiring an additional 2,010 shares during the period. JPMorgan Chase & Co. makes up approximately 1.7% of Chesley Taft & Associates LLC’s investment portfolio, making the stock its 12th biggest position. Chesley Taft & Associates LLC’s holdings in JPMorgan Chase & Co. were worth $18,003,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Arlington Partners LLC boosted its holdings in JPMorgan Chase & Co. by 126.6% during the third quarter. Arlington Partners LLC now owns 895 shares of the financial services provider’s stock worth $101,000 after buying an additional 500 shares in the last quarter. O Brien Wealth Partners LLC lifted its position in shares of 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. Kwmg LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $158,000. Cahaba Wealth Management Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at approximately $200,000. Finally, Capital Investment Counsel Inc purchased a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at approximately $200,000. Institutional investors and hedge funds own 68.96% of the company’s stock.

In related news, Director James S. Crown bought 5,000 shares of the business’s stock in a transaction on Tuesday, February 5th. The stock was bought at an average price of $103.79 per share, for a total transaction of $518,950.00. Following the transaction, the director now directly owns 311,447 shares in the company, valued at $32,325,084.13. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Stacey Friedman sold 3,022 shares of the stock in a transaction that occurred on Tuesday, January 29th. The stock was sold at an average price of $105.00, for a total transaction of $317,310.00. Following the completion of the sale, the general counsel now owns 12,519 shares of the company’s stock, valued at approximately $1,314,495. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,191 shares of company stock valued at $4,102,110. Insiders own 0.73% of the company’s stock.

Several equities research analysts recently commented on JPM shares. Zacks Investment Research upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a research report on Wednesday, December 5th. Barclays restated a “buy” rating and issued a $140.00 price target on shares of JPMorgan Chase & Co. in a research report on Thursday, February 21st. Wells Fargo & Co restated a “buy jpm” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, December 20th. ValuEngine upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Jefferies Financial Group downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $101.20 price target for the company. in a research report on Tuesday, January 8th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $122.87.

JPM stock opened at $102.87 on Friday. JPMorgan Chase & Co. has a 12-month low of $91.11 and a 12-month high of $119.24. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $358.71 billion, a price-to-earnings ratio of 11.43, a P/E/G ratio of 1.65 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, January 15th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.22). JPMorgan Chase & Co. had a return on equity of 14.07% and a net margin of 24.71%. The company had revenue of $26.10 billion during the quarter, compared to analysts’ expectations of $26.69 billion. During the same quarter in the previous year, the company earned $1.76 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, research analysts expect that JPMorgan Chase & Co. will post 9.73 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be given a $0.80 dividend. The ex-dividend date is Thursday, April 4th. This represents a $3.20 dividend on an annualized basis and a yield of 3.11%. JPMorgan Chase & Co.’s payout ratio is 35.56%.

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About JPMorgan Chase & Co.

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 & Co. (NYSE:JPM)

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