Traynor Capital Management Inc. boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,350 shares of the financial services provider’s stock after acquiring an additional 2,090 shares during the period. JPMorgan Chase & Co. accounts for 0.9% of Traynor Capital Management Inc.’s portfolio, making the stock its 25th largest holding. Traynor Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $2,453,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of JPM. BlackRock Inc. grew its stake in shares of JPMorgan Chase & Co. by 0.7% in the 1st quarter. BlackRock Inc. now owns 228,054,279 shares of the financial services provider’s stock worth $25,079,128,000 after buying an additional 1,627,006 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of JPMorgan Chase & Co. by 0.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 12,738,914 shares of the financial services provider’s stock worth $1,400,899,000 after buying an additional 49,436 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of JPMorgan Chase & Co. by 4.5% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,199,709 shares of the financial services provider’s stock worth $1,167,010,000 after buying an additional 481,210 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of JPMorgan Chase & Co. by 0.5% in the 1st quarter. California Public Employees Retirement System now owns 9,430,305 shares of the financial services provider’s stock worth $1,037,051,000 after buying an additional 44,527 shares in the last quarter. Finally, OppenheimerFunds Inc. grew its stake in shares of JPMorgan Chase & Co. by 104.9% in the 1st quarter. OppenheimerFunds Inc. now owns 9,051,033 shares of the financial services provider’s stock worth $995,342,000 after buying an additional 4,634,515 shares in the last quarter. 70.43% of the stock is owned by institutional investors.
In related news, Director Mellody L. Hobson acquired 1,150 shares of the firm’s stock in a transaction that occurred on Friday, October 19th. The stock was bought at an average price of $108.94 per share, for a total transaction of $125,281.00. Following the acquisition, the director now directly owns 2,632 shares of the company’s stock, valued at approximately $286,730.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.73% of the company’s stock.
JPMorgan Chase & Co. stock opened at $109.60 on Wednesday. The stock has a market capitalization of $371.96 billion, a PE ratio of 15.95, a PEG ratio of 1.76 and a beta of 1.13. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.01 and a quick ratio of 1.01. JPMorgan Chase & Co. has a 12-month low of $95.95 and a 12-month high of $119.33.
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.10. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. The company had revenue of $27.26 billion during the quarter, compared to analyst estimates of $27.20 billion. During the same quarter last year, the business posted $1.76 EPS. Research analysts forecast that JPMorgan Chase & Co. will post 9.26 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Friday, October 5th were issued a dividend of $0.80 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Thursday, October 4th. This represents a $3.20 dividend on an annualized basis and a yield of 2.92%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 46.58%.
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JPMorgan Chase & Co. 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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