Tower Bridge Advisors Has $8.50 Million Stake in JPMorgan Chase (JPM)

Tower Bridge Advisors grew its stake in JPMorgan Chase (NYSE:JPM) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,486 shares of the financial services provider’s stock after purchasing an additional 4,362 shares during the period. Tower Bridge Advisors’ holdings in JPMorgan Chase were worth $8,500,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. boosted its holdings in shares of JPMorgan Chase by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock worth $301,000 after acquiring an additional 12 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of JPMorgan Chase by 0.5% in the 2nd quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock worth $469,000 after acquiring an additional 26 shares in the last quarter. Cutter & CO Brokerage Inc. boosted its holdings in shares of JPMorgan Chase by 0.7% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 7,050 shares of the financial services provider’s stock worth $644,000 after acquiring an additional 50 shares in the last quarter. Marcus Capital LLC boosted its holdings in shares of JPMorgan Chase by 1.0% in the 2nd quarter. Marcus Capital LLC now owns 5,250 shares of the financial services provider’s stock worth $480,000 after acquiring an additional 50 shares in the last quarter. Finally, Neumann Capital Management LLC boosted its holdings in shares of JPMorgan Chase by 0.4% in the 2nd quarter. Neumann Capital Management LLC now owns 21,811 shares of the financial services provider’s stock worth $1,994,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 74.53% of the company’s stock.

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Several brokerages have recently commented on JPM. Keefe, Bruyette & Woods raised JPMorgan Chase from a “market perform” rating to an “outperform” rating and set a $127.00 target price on the stock in a report on Tuesday, February 13th. ValuEngine raised JPMorgan Chase from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Vining Sparks reissued a “buy” rating and issued a $120.00 target price on shares of JPMorgan Chase in a report on Friday, January 12th. Vetr raised JPMorgan Chase from a “sell” rating to a “hold” rating and set a $105.98 target price on the stock in a report on Monday, February 12th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $122.00 price objective on shares of JPMorgan Chase in a report on Monday, April 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $112.10.



In other JPMorgan Chase news, Director Mellody L. Hobson bought 18,000 shares of the company’s stock in a transaction on Monday, April 16th. The stock was bought at an average price of $111.05 per share, for a total transaction of $1,998,900.00. Following the transaction, the director now owns 864 shares of the company’s stock, valued at approximately $95,947.20. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.73% of the company’s stock.

Shares of JPMorgan Chase stock opened at $110.41 on Wednesday. The firm has a market cap of $382,560.47, a price-to-earnings ratio of 16.07, a price-to-earnings-growth ratio of 1.88 and a beta of 1.24. JPMorgan Chase has a 52 week low of $81.64 and a 52 week 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.

JPMorgan Chase (NYSE:JPM) last issued its earnings results on Friday, April 13th. The financial services provider reported $2.37 EPS for the quarter, beating the consensus estimate of $2.28 by $0.09. The company had revenue of $27.90 billion during the quarter, compared to analysts’ expectations of $27.73 billion. JPMorgan Chase had a net margin of 22.53% and a return on equity of 12.60%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 EPS. sell-side analysts forecast that JPMorgan Chase will post 8.9 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 6th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, April 5th. JPMorgan Chase’s payout ratio is 32.61%.

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JPMorgan Chase 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 (NYSE:JPM)

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