Clarius Group LLC Raises Position in JPMorgan Chase & Co. (NYSE:JPM)


Share on StockTwits

Clarius Group LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 21.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,095 shares of the financial services provider’s stock after buying an additional 5,867 shares during the quarter. JPMorgan Chase & Co. makes up approximately 0.5% of Clarius Group LLC’s portfolio, making the stock its 25th largest holding. Clarius Group LLC’s holdings in JPMorgan Chase & Co. were worth $5,038,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cypress Point Wealth Management LLC purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $25,000. Inspire Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $27,000. Retirement Group LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $29,000. Tower View Investment Management & Research LLC increased its holdings in JPMorgan Chase & Co. by 71.8% in the 1st quarter. Tower View Investment Management & Research LLC now owns 225 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 94 shares during the last quarter. Finally, TFO TDC LLC grew its stake in shares of JPMorgan Chase & Co. by 107.6% in the fourth quarter. TFO TDC LLC now owns 357 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 185 shares in the last quarter. 69.02% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Ashley Bacon sold 11,930 shares of the stock in a transaction on Thursday, April 15th. The shares were sold at an average price of $150.91, for a total value of $1,800,356.30. Also, CEO Mary E. Erdoes sold 19,188 shares of the stock in a transaction on Thursday, April 15th. The stock was sold at an average price of $150.90, for a total transaction of $2,895,469.20. Insiders sold 61,130 shares of company stock valued at $9,224,636 in the last three months. Company insiders own 0.78% of the company’s stock.

Several equities analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of JPMorgan Chase & Co. from $190.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday. Zacks Investment Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating and set a $177.00 price objective for the company in a research report on Monday, April 19th. Morgan Stanley lifted their price objective on shares of JPMorgan Chase & Co. from $142.00 to $150.00 and gave the stock an “underweight” rating in a research report on Monday, March 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of JPMorgan Chase & Co. from $142.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, April 1st. Finally, Keefe, Bruyette & Woods boosted their price target on shares of JPMorgan Chase & Co. from $135.00 to $150.00 and gave the company a “market perform” rating in a research report on Monday, January 18th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $146.89.

NYSE:JPM opened at $153.36 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.16. The company has a market cap of $465.00 billion, a P/E ratio of 20.05, a P/E/G ratio of 2.87 and a beta of 1.23. JPMorgan Chase & Co. has a fifty-two week low of $82.40 and a fifty-two week high of $161.69. The firm’s 50 day moving average is $153.31 and its two-hundred day moving average is $133.55.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, April 13th. The financial services provider reported $4.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.10 by $1.40. The company had revenue of $32.30 billion for the quarter, compared to the consensus estimate of $29.97 billion. JPMorgan Chase & Co. had a net margin of 19.16% and a return on equity of 10.85%. JPMorgan Chase & Co.’s revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 earnings per share. Research analysts forecast that JPMorgan Chase & Co. will post 7.83 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 30th. Stockholders of record on Tuesday, April 6th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Monday, April 5th. JPMorgan Chase & Co.’s payout ratio is currently 34.35%.

JPMorgan Chase & Co. 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, auto loan, and leasing services.

Further Reading: Most Active Stocks

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.