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Sandy Cove Advisors LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 20.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,433 shares of the financial services provider after purchasing an additional 1,590 shares during the quarter. JPMorgan Chase & Co. makes up about 0.9% of Sandy Cove Advisors LLC’s investment portfolio, making the stock its 19th largest position. Sandy Cove Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,889,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in JPM. Norges Bank acquired a new stake in JPMorgan Chase & Co. during the fourth quarter valued at about $6,016,878,000. International Assets Investment Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $1,017,893,000. Wellington Management Group LLP increased its stake in shares of JPMorgan Chase & Co. by 12.2% during the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock valued at $6,151,997,000 after acquiring an additional 4,603,090 shares in the last quarter. Capital International Investors increased its stake in shares of JPMorgan Chase & Co. by 5.4% during the fourth quarter. Capital International Investors now owns 41,516,695 shares of the financial services provider’s stock valued at $7,062,094,000 after acquiring an additional 2,128,478 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its stake in shares of JPMorgan Chase & Co. by 3,836.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,518,969 shares of the financial services provider’s stock valued at $258,377,000 after acquiring an additional 1,480,379 shares in the last quarter. 71.55% of the shares are owned by institutional investors.

Insider buying and selling at JPMorgan Chase & Co.

In related news, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. in a transaction on Wednesday, May 8. The shares were sold at an average price of $193.64, for a total transaction of $984,853.04. Following the completion of the sale, the insider now owns 217,351 shares of the company’s stock, valued at approximately $42,087,847.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. in a transaction on Monday, April 15. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the sale, the CEO now owns 264,461 shares of the company’s stock, valued at approximately $48,708,426.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC’s website. Also, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. in a transaction dated Wednesday, May 8. The shares were sold at an average price of $193.64, for a total transaction of $984,853.04. Following the completion of the sale, the insider now owns 217,351 shares of the company’s stock, valued at approximately $42,087,847.64. The disclosure regarding this sale can be found here. Over the last three months, insiders have sold 250,565 shares of the company’s stock, valued at $46,962,717. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. is up 1.6%

JPM opened at $208.83 on Wednesday. The company’s 50-day moving average is $197.23 and its 200-day moving average is $186.57. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $599.69 billion, a P/E ratio of 12.61, a price-to-earnings-growth ratio of 2.72 and a beta of 1.12. JPMorgan Chase & Co. has a twelve-month low of $135.19 and a twelve-month high of $208.86.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings results on Friday, April 12. The financial services provider reported earnings per share of $4.63 for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The company had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. Equities analysts expect JPMorgan Chase & Co. to report earnings per share of $16.44 for the current year.

JPMorgan Chase & Co. announces dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will receive a dividend of $1.15. The ex-dividend date of this dividend is Friday, July 5th. This represents an annualized dividend of $4.60 and a yield of 2.20%. JPMorgan Chase & Co.’s payout ratio is currently 27.78%.

Changes in analyst ratings

JPM has been the subject of several research analyst reports. Morgan Stanley decreased their price target on shares of JPMorgan Chase & Co. from $216.00 to $214.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 21st. Wells Fargo & Company increased their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. StockNews.com downgraded their rating on shares of JPMorgan Chase & Co. from “hold” to “sell” in a research note on Wednesday, June 19th. Evercore ISI raised their price target on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, April 4. Finally, Jefferies Financial Group raised their price target on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research note on Monday, April 8. One analyst has rated the stock with a sell rating, eight have a hold rating and thirteen have given a buy rating. According to data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average price target of $194.10.

Check out our latest stock analysis for JPMorgan Chase & Co.

About JPMorgan Chase & Co.

(Free report)

JPMorgan Chase & Co is a global financial services company. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB) and Asset & Wealth Management (AWM). The CCB segment provides deposit, investment and lending products, cash management and payments and services, mortgage origination and servicing, mortgage loans and home equity loans, as well as credit cards, auto loans, leasing and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.

See also

Institutional ownership by quarter for JPMorgan Chase & Co. (NYSE:JPM)



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