Eagle Global Advisors LLC Raises Stake in JPMorgan Chase & Co. (JPM)

Eagle Global Advisors LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 177,567 shares of the financial services provider’s stock after acquiring an additional 2,096 shares during the quarter. JPMorgan Chase & Co. comprises about 0.8% of Eagle Global Advisors LLC’s investment portfolio, making the stock its 27th largest position. Eagle Global Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $17,334,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fisher Asset Management LLC lifted its stake in JPMorgan Chase & Co. by 4.0% in the fourth quarter. Fisher Asset Management LLC now owns 5,426,978 shares of the financial services provider’s stock valued at $529,782,000 after buying an additional 208,780 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in JPMorgan Chase & Co. by 2.4% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 4,263,000 shares of the financial services provider’s stock valued at $416,154,000 after buying an additional 100,000 shares during the period. Sanders Capital LLC lifted its stake in JPMorgan Chase & Co. by 0.4% in the third quarter. Sanders Capital LLC now owns 4,141,173 shares of the financial services provider’s stock valued at $525,524,000 after buying an additional 17,562 shares during the period. Panagora Asset Management Inc. lifted its stake in JPMorgan Chase & Co. by 1.5% in the third quarter. Panagora Asset Management Inc. now owns 3,108,991 shares of the financial services provider’s stock valued at $350,819,000 after buying an additional 44,457 shares during the period. Finally, HL Financial Services LLC lifted its stake in JPMorgan Chase & Co. by 1.0% in the third quarter. HL Financial Services LLC now owns 2,475,769 shares of the financial services provider’s stock valued at $279,365,000 after buying an additional 23,637 shares during the period. 69.48% of the stock is currently owned by institutional investors and hedge funds.

NYSE JPM opened at $110.77 on Friday. The stock has a market cap of $380.16 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 1.59 and a beta of 1.16. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a one year low of $91.11 and a one year high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, April 12th. The financial services provider reported $2.65 EPS for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.33. The company had revenue of $29.12 billion for the quarter, compared to analyst estimates of $27.95 billion. JPMorgan Chase & Co. had a return on equity of 14.23% and a net margin of 24.28%. During the same quarter last year, the firm posted $2.37 earnings per share. Research analysts anticipate that JPMorgan Chase & Co. will post 10 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.89%. JPMorgan Chase & Co.’s payout ratio is presently 35.56%.

Several equities analysts have weighed in on JPM shares. BMO Capital Markets cut their target price on JPMorgan Chase & Co. from $123.00 to $116.00 and set a “market perform” rating on the stock in a research note on Thursday, February 28th. HSBC set a $102.00 target price on JPMorgan Chase & Co. and gave the company a “neutral” rating in a research note on Thursday, April 4th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $130.00 price target (up previously from $121.00) on shares of JPMorgan Chase & Co. in a research report on Thursday, February 14th. Zacks Investment Research lowered JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Finally, Credit Suisse Group raised their price target on JPMorgan Chase & Co. from $128.00 to $132.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $123.85.

In related news, General Counsel Stacey Friedman sold 3,710 shares of the stock in a transaction dated Monday, April 15th. The stock was 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ashley Bacon sold 20,145 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $109.75, for a total value of $2,210,913.75. Following the transaction, the insider now owns 112,191 shares of the company’s stock, valued at $12,312,962.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 157,573 shares of company stock valued at $17,293,454. 0.76% of the stock is owned by corporate insiders.

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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 (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.

Further Reading: Initial Public Offering (IPO)

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

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