MV Capital Management Inc. Purchases 2,481 Shares of JPMorgan Chase & Co. (NYSE:JPM)


Share on StockTwits

MV Capital Management Inc. increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 18.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 15,750 shares of the financial services provider’s stock after purchasing an additional 2,481 shares during the period. MV Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $2,001,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in JPM. FMR LLC lifted its position in shares of JPMorgan Chase & Co. by 4.6% in the fourth quarter. FMR LLC now owns 38,458,423 shares of the financial services provider’s stock valued at $4,886,911,000 after buying an additional 1,691,888 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in JPMorgan Chase & Co. by 13.4% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 15,205,072 shares of the financial services provider’s stock valued at $1,463,792,000 after acquiring an additional 1,801,838 shares during the period. Boston Partners lifted its holdings in JPMorgan Chase & Co. by 12.6% during the 3rd quarter. Boston Partners now owns 11,331,263 shares of the financial services provider’s stock valued at $1,090,860,000 after purchasing an additional 1,269,306 shares during the last quarter. California Public Employees Retirement System boosted its position in JPMorgan Chase & Co. by 4.0% during the fourth quarter. California Public Employees Retirement System now owns 7,219,054 shares of the financial services provider’s stock worth $917,325,000 after purchasing an additional 275,187 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 5.7% during the 4th quarter. Fisher Asset Management LLC now owns 6,547,696 shares of the financial services provider’s stock worth $832,016,000 after buying an additional 350,211 shares during the period. 69.02% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Douglas B. Petno sold 22,011 shares of the business’s stock in a transaction on Friday, January 29th. The shares were sold at an average price of $129.84, for a total value of $2,857,908.24. 0.78% of the stock is owned by company insiders.

Shares of JPM opened at $149.41 on Tuesday. The business has a 50-day moving average of $137.02 and a 200-day moving average of $114.93. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $455.43 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23. JPMorgan Chase & Co. has a 1 year low of $76.91 and a 1 year high of $150.19.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Thursday, January 14th. The financial services provider reported $3.79 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $1.17. JPMorgan Chase & Co. had a net margin of 19.16% and a return on equity of 10.85%. The business had revenue of $29.22 billion during the quarter, compared to the consensus estimate of $28.74 billion. During the same quarter in the prior year, the firm posted $2.57 EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 7.83 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, January 31st. Stockholders of record on Wednesday, January 6th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Tuesday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 34.35%.

JPM has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $135.00 price objective for the company. in a report on Monday, February 1st. Seaport Global Securities raised their price objective on JPMorgan Chase & Co. from $140.00 to $157.00 in a research note on Tuesday, January 19th. Independent Research downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research report on Thursday, December 3rd. Piper Sandler raised their price target on shares of JPMorgan Chase & Co. from $118.00 to $150.00 and gave the company an “overweight” rating in a research note on Monday, January 11th. Finally, Credit Suisse Group upped their price objective on shares of JPMorgan Chase & Co. from $142.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 19th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $129.16.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in 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.

Featured Story: Risk Tolerance

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.