Inverness Counsel LLC NY increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 10.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 276,733 shares of the financial services provider’s stock after acquiring an additional 25,095 shares during the period. JPMorgan Chase & Co. makes up 1.8% of Inverness Counsel LLC NY’s portfolio, making the stock its 20th biggest position. Inverness Counsel LLC NY’s holdings in JPMorgan Chase & Co. were worth $38,577,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. LFA Lugano Financial Advisors SA bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $26,000. Bridger Capital Management LLC bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter valued at about $33,000. Vista Private Wealth Partners. LLC bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter valued at about $35,000. Eukles Asset Management boosted its position in shares of JPMorgan Chase & Co. by 36.5% during the 3rd quarter. Eukles Asset Management now owns 318 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 85 shares in the last quarter. Finally, JJJ Advisors Inc. boosted its position in shares of JPMorgan Chase & Co. by 87.5% during the 3rd quarter. JJJ Advisors Inc. now owns 375 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 175 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.
In other JPMorgan Chase & Co. news, CEO Gordon Smith sold 11,800 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $137.04, for a total value of $1,617,072.00. Following the completion of the transaction, the chief executive officer now directly owns 425,690 shares in the company, valued at $58,336,557.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas B. Petno sold 62,085 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $131.94, for a total transaction of $8,191,494.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 128,814 shares of company stock valued at $17,318,144. Corporate insiders own 0.76% of the company’s stock.
Shares of JPM opened at $137.46 on Friday. JPMorgan Chase & Co. has a one year low of $98.09 and a one year high of $141.10. The company has a 50-day moving average of $136.79 and a two-hundred day moving average of $125.16. The stock has a market cap of $432.46 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 2.57 and a beta of 1.19. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.92 and a quick ratio of 0.93.
JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, January 14th. The financial services provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.32 by $0.25. JPMorgan Chase & Co. had a net margin of 25.49% and a return on equity of 15.19%. The company had revenue of $28.30 billion during the quarter, compared to analysts’ expectations of $27.69 billion. During the same period last year, the company posted $1.98 earnings per share. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. Analysts anticipate that JPMorgan Chase & Co. will post 10.71 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend was Friday, January 3rd. JPMorgan Chase & Co.’s payout ratio is 34.35%.
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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