Stonegate Investment Group LLC Acquires New Stake in JPMorgan Chase & Co. (NYSE:JPM)

Stonegate Investment Group LLC bought a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 4th quarter, HoldingsChannel reports. The firm bought 470,916 shares of the financial services provider’s stock, valued at approximately $74,570,000. JPMorgan Chase & Co. comprises approximately 3.1% of Stonegate Investment Group LLC’s holdings, making the stock its 9th largest holding.

Several other large investors also recently bought and sold shares of JPM. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. increased its holdings in shares of JPMorgan Chase & Co. by 100.0% in the third quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 160 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 80 shares during the period. Lowe Wealth Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 230.0% in the fourth quarter. Lowe Wealth Advisors LLC now owns 165 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 115 shares during the period. MFA Wealth Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the third quarter worth $32,000. Carolina Wealth Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 176.5% in the fourth quarter. Carolina Wealth Advisors LLC now owns 235 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 150 shares during the period. Finally, Evolution Advisers Inc. bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $52,000. Hedge funds and other institutional investors own 70.35% of the company’s stock.

NYSE JPM traded down $0.83 during trading on Monday, hitting $118.26. 10,124,378 shares of the company’s stock traded hands, compared to its average volume of 16,348,765. The stock has a fifty day moving average of $130.58 and a two-hundred day moving average of $147.85. 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. has a 12-month low of $115.37 and a 12-month high of $172.96. The firm has a market cap of $347.34 billion, a P/E ratio of 8.78, a PEG ratio of 2.14 and a beta of 1.12.

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

The company 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 dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.38%. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.67%.

In other JPMorgan Chase & Co. news, 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 completion of the sale, the insider now directly owns 178,588 shares in the company, valued at $23,223,583.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the sale, the chief executive officer now owns 11,135 shares of the company’s stock, valued at $1,405,125.65. The disclosure for this sale can be found here. Corporate insiders own 0.79% of the company’s stock.

Several research analysts have recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of JPMorgan Chase & Co. from $180.00 to $150.00 and set an “equal weight” rating on the stock in a report on Monday, April 4th. Credit Suisse Group set a $184.00 price target on shares of JPMorgan Chase & Co. in a report on Thursday, April 14th. Jefferies Financial Group reduced their target price on JPMorgan Chase & Co. from $141.00 to $125.00 in a research note on Friday. Argus reduced their target price on JPMorgan Chase & Co. from $177.00 to $155.00 in a research note on Thursday, April 14th. Finally, Morgan Stanley reduced their target price on JPMorgan Chase & Co. from $170.00 to $161.00 and set an “underweight” rating on the stock in a research note on Monday, March 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $163.00.

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.

Further Reading

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

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