Copeland Capital Management LLC grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 9.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 57,400 shares of the financial services provider’s stock after buying an additional 5,108 shares during the quarter. Copeland Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $5,603,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in JPM. Rehmann Capital Advisory Group boosted its holdings in JPMorgan Chase & Co. by 5,555.9% during the third quarter. Rehmann Capital Advisory Group now owns 2,352,612 shares of the financial services provider’s stock worth $11,266,384,000 after purchasing an additional 2,311,016 shares during the last quarter. Packer & Co Ltd boosted its holdings in JPMorgan Chase & Co. by 110.0% during the fourth quarter. Packer & Co Ltd now owns 1,239,800 shares of the financial services provider’s stock worth $57,635,000 after purchasing an additional 649,395 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its holdings in JPMorgan Chase & Co. by 748.3% during the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 456,400 shares of the financial services provider’s stock worth $51,500,000 after purchasing an additional 402,600 shares during the last quarter. Hexavest Inc. boosted its holdings in JPMorgan Chase & Co. by 55.4% during the fourth quarter. Hexavest Inc. now owns 1,102,513 shares of the financial services provider’s stock worth $107,627,000 after purchasing an additional 392,853 shares during the last quarter. Finally, Kentucky Retirement Systems acquired a new position in JPMorgan Chase & Co. during the third quarter worth $18,150,000. Institutional investors own 69.91% of the company’s stock.
JPM has been the subject of several recent research reports. Barclays restated a “buy” rating and set a $140.00 target price on shares of JPMorgan Chase & Co. in a report on Thursday, February 21st. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Monday, April 8th. BMO Capital Markets reduced their target price on shares of JPMorgan Chase & Co. from $124.00 to $123.00 and set a “market perform” rating for the company in a report on Wednesday, January 16th. Daiwa Capital Markets cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Friday, February 8th. Finally, Wells Fargo & Co restated an “outperform” rating and set a $130.00 target price (up previously from $121.00) on shares of JPMorgan Chase & Co. in a report on Thursday, February 14th. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $123.05.
In other news, CEO Douglas B. Petno sold 18,303 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $109.74, for a total value of $2,008,571.22. Following the transaction, the chief executive officer now directly owns 259,386 shares of the company’s stock, valued at $28,465,019.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 3,710 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $109.75, for a total transaction of $407,172.50. Following the completion of the transaction, the general counsel now directly owns 23,650 shares in the company, valued at $2,595,587.50. The disclosure for this sale can be found here. Insiders have sold 157,573 shares of company stock worth $17,293,454 over the last ninety days. Insiders own 0.76% of the company’s stock.
NYSE JPM opened at $112.61 on Thursday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.00 and a current ratio of 1.00. JPMorgan Chase & Co. has a 1 year low of $91.11 and a 1 year high of $119.24. The firm has a market cap of $390.04 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.66 and a beta of 1.16.
JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, April 12th. The financial services provider reported $2.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.33. JPMorgan Chase & Co. had a net margin of 24.28% and a return on equity of 14.23%. The firm had revenue of $29.12 billion for the quarter, compared to analyst estimates of $27.95 billion. During the same period in the prior year, the firm posted $2.37 earnings per share. Equities research analysts anticipate that JPMorgan Chase & Co. will post 10 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.84%. The ex-dividend date was Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 35.56%.
About JPMorgan Chase & Co.
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 deposit and investment products 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, payment processing, auto loan, and leasing services.
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