Bingham Osborn & Scarborough LLC Grows Position in JPMorgan Chase & Co. (JPM)

Bingham Osborn & Scarborough LLC lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 8.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,426 shares of the financial services provider’s stock after acquiring an additional 1,460 shares during the period. Bingham Osborn & Scarborough LLC’s holdings in JPMorgan Chase & Co. were worth $2,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPM. Arlington Partners LLC increased its position in shares of JPMorgan Chase & Co. by 126.6% in the 3rd quarter. Arlington Partners LLC now owns 895 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 500 shares during the period. Investment Partners LTD. boosted its holdings in JPMorgan Chase & Co. by 12.5% in the third quarter. Investment Partners LTD. now owns 21,950 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 2,436 shares during the last quarter. Quad Cities Investment Group LLC purchased a new stake in JPMorgan Chase & Co. in the second quarter valued at $124,000. O Brien Wealth Partners LLC boosted its holdings in JPMorgan Chase & Co. by 1,120.9% in the third quarter. O Brien Wealth Partners LLC now owns 1,111 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Ballew Advisors Inc boosted its holdings in JPMorgan Chase & Co. by 104.2% in the second quarter. Ballew Advisors Inc now owns 1,213 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 619 shares during the last quarter. 71.27% of the stock is currently owned by hedge funds and other institutional investors.

JPM stock opened at $103.09 on Thursday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.01 and a current ratio of 1.00. JPMorgan Chase & Co. has a 52-week low of $91.11 and a 52-week high of $119.33. The stock has a market cap of $353.63 billion, a PE ratio of 11.45, a PEG ratio of 1.53 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, January 15th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.22). JPMorgan Chase & Co. had a return on equity of 14.07% and a net margin of 24.71%. The firm had revenue of $26.10 billion for the quarter, compared to analysts’ expectations of $26.69 billion. During the same period in the previous year, the company earned $1.76 earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year. Sell-side analysts forecast that JPMorgan Chase & Co. will post 9.94 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 31st. Stockholders of record on Friday, January 4th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend was Thursday, January 3rd. JPMorgan Chase & Co.’s payout ratio is currently 35.56%.

In other news, insider Ashley Bacon sold 5,831 shares of the stock in a transaction dated Wednesday, January 16th. The shares were sold at an average price of $102.78, for a total transaction of $599,310.18. Following the sale, the insider now directly owns 98,838 shares of the company’s stock, valued at approximately $10,158,569.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James S. Crown bought 5,000 shares of the stock in a transaction dated Tuesday, February 5th. The shares were purchased at an average cost of $103.79 per share, for a total transaction of $518,950.00. Following the completion of the purchase, the director now owns 311,447 shares in the company, valued at $32,325,084.13. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 39,191 shares of company stock worth $4,102,110. Corporate insiders own 0.73% of the company’s stock.

JPM has been the topic of several recent research reports. Zacks Investment Research lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Thursday, November 15th. Wells Fargo & Co set a $130.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Thursday, November 15th. ValuEngine lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Thursday, December 6th. Credit Suisse Group lowered their price target on shares of JPMorgan Chase & Co. from $130.00 to $128.00 and set an “outperform” rating on the stock in a report on Friday, December 7th. Finally, Keefe, Bruyette & Woods lowered shares of JPMorgan Chase & Co. from an “overweight” rating to a “market perform” rating in a report on Thursday, December 13th. Twelve equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $122.94.

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JPMorgan Chase & Co. Company 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.

Further Reading: Insider Trading

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

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