Pekin Singer Strauss Asset Management IL Reduces Position in JPMorgan Chase & Co. (JPM)

Pekin Singer Strauss Asset Management IL lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 14.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,708 shares of the financial services provider’s stock after selling 4,300 shares during the period. Pekin Singer Strauss Asset Management IL’s holdings in JPMorgan Chase & Co. were worth $2,717,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in JPM. Stifel Financial Corp increased its holdings in JPMorgan Chase & Co. by 9,301.6% in the third quarter. Stifel Financial Corp now owns 4,351,736 shares of the financial services provider’s stock worth $415,662,000 after buying an additional 4,305,449 shares during the last quarter. Mackenzie Financial Corp increased its holdings in JPMorgan Chase & Co. by 421.0% in the fourth quarter. Mackenzie Financial Corp now owns 3,427,864 shares of the financial services provider’s stock worth $366,576,000 after buying an additional 2,769,926 shares during the last quarter. ADAMCAPITAL Gestao de Recursos Ltda. acquired a new position in JPMorgan Chase & Co. in the fourth quarter worth approximately $262,139,000. Jennison Associates LLC increased its holdings in JPMorgan Chase & Co. by 11.7% in the fourth quarter. Jennison Associates LLC now owns 17,180,823 shares of the financial services provider’s stock worth $1,837,317,000 after buying an additional 1,804,721 shares during the last quarter. Finally, Atlantic Trust Group LLC increased its holdings in JPMorgan Chase & Co. by 62.6% in the third quarter. Atlantic Trust Group LLC now owns 4,398,186 shares of the financial services provider’s stock worth $420,070,000 after buying an additional 1,692,999 shares during the last quarter. Hedge funds and other institutional investors own 72.00% of the company’s stock.

A number of equities analysts recently commented on the company. Morgan Stanley dropped their price objective on JPMorgan Chase & Co. from $138.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, April 30th. Jefferies Financial Group reiterated a “buy” rating and set a $122.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, April 16th. BMO Capital Markets reiterated a “hold” rating and set a $110.00 price target on shares of JPMorgan Chase & Co. in a report on Friday, April 13th. HSBC started coverage on JPMorgan Chase & Co. in a report on Wednesday, April 11th. They set a “hold” rating and a $111.00 price target on the stock. Finally, Vining Sparks reiterated a “buy” rating and set a $130.00 price target on shares of JPMorgan Chase & Co. in a report on Friday, April 6th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the stock. JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus target price of $114.06.

In other JPMorgan Chase & Co. news, Director Chase & Co Jpmorgan acquired 22,000 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, May 31st. The stock was bought at an average cost of $1,000.00 per share, with a total value of $22,000,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Todd A. Combs acquired 13,000 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, May 14th. The stock was acquired at an average cost of $114.61 per share, with a total value of $1,489,930.00. Following the completion of the transaction, the director now directly owns 18,277 shares of the company’s stock, valued at approximately $2,094,726.97. The disclosure for this purchase can be found here. Insiders bought 53,000 shares of company stock valued at $25,488,830 over the last three months. 0.73% of the stock is owned by company insiders.

JPM opened at $104.86 on Wednesday. JPMorgan Chase & Co. has a 1-year low of $87.50 and a 1-year high of $119.33. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $359.64 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 1.74 and a beta of 1.21.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, April 13th. The financial services provider reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.09. JPMorgan Chase & Co. had a return on equity of 12.60% and a net margin of 22.53%. The company had revenue of $27.90 billion during the quarter, compared to analysts’ expectations of $27.73 billion. During the same period in the prior year, the business earned $1.65 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 12.0% compared to the same quarter last year. sell-side analysts predict that JPMorgan Chase & Co. will post 9.03 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Friday, July 6th will be given a $0.56 dividend. The ex-dividend date is Thursday, July 5th. This represents a $2.24 annualized dividend and a dividend yield of 2.14%. JPMorgan Chase & Co.’s dividend payout ratio is 32.61%.

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.

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

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