BTR Capital Management Inc. Sells 2,839 Shares of JPMorgan Chase (JPM)

BTR Capital Management Inc. lowered its position in JPMorgan Chase (NYSE:JPM) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,331 shares of the financial services provider’s stock after selling 2,839 shares during the period. JPMorgan Chase makes up about 3.5% of BTR Capital Management Inc.’s investment portfolio, making the stock its 3rd biggest position. BTR Capital Management Inc.’s holdings in JPMorgan Chase were worth $18,108,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of JPMorgan Chase by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock worth $22,839,729,000 after acquiring an additional 3,717,683 shares during the period. Northern Trust Corp grew its holdings in shares of JPMorgan Chase by 1.8% in the 2nd quarter. Northern Trust Corp now owns 48,965,734 shares of the financial services provider’s stock worth $4,475,468,000 after acquiring an additional 847,463 shares during the period. Capital Research Global Investors grew its holdings in shares of JPMorgan Chase by 2.5% in the 2nd quarter. Capital Research Global Investors now owns 31,714,763 shares of the financial services provider’s stock worth $2,898,729,000 after acquiring an additional 765,082 shares during the period. Dimensional Fund Advisors LP grew its holdings in JPMorgan Chase by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 28,683,523 shares of the financial services provider’s stock valued at $2,621,677,000 after buying an additional 176,306 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in JPMorgan Chase by 1.8% during the 3rd quarter. Legal & General Group Plc now owns 18,083,319 shares of the financial services provider’s stock valued at $1,727,118,000 after buying an additional 313,968 shares during the last quarter. Institutional investors and hedge funds own 74.53% of the company’s stock.

Shares of JPMorgan Chase stock opened at $109.99 on Thursday. JPMorgan Chase has a fifty-two week low of $81.64 and a fifty-two week high of $119.33. The firm has a market cap of $380,707.22, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.01 and a current ratio of 1.01.



JPMorgan Chase (NYSE:JPM) last issued its earnings results on Friday, April 13th. The financial services provider reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.09. The business had revenue of $27.90 billion for the quarter, compared to analyst estimates of $27.73 billion. JPMorgan Chase had a return on equity of 12.60% and a net margin of 22.53%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the company posted $1.65 EPS. analysts expect that JPMorgan Chase will post 8.9 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 6th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Thursday, April 5th. JPMorgan Chase’s dividend payout ratio (DPR) is currently 32.61%.

A number of equities research analysts have commented on the company. Jefferies Group reiterated a “buy” rating and set a $122.00 target price on shares of JPMorgan Chase in a report on Monday, April 16th. BMO Capital Markets reiterated a “hold” rating and set a $110.00 target price on shares of JPMorgan Chase in a report on Friday, April 13th. HSBC assumed coverage on JPMorgan Chase in a report on Wednesday, April 11th. They set a “hold” rating and a $111.00 target price on the stock. Vining Sparks reiterated a “buy” rating and set a $130.00 target price on shares of JPMorgan Chase in a report on Friday, April 6th. Finally, Vetr cut JPMorgan Chase from a “strong-buy” rating to a “buy” rating and set a $123.29 target price on the stock. in a report on Thursday, April 5th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $112.80.

In other news, Director Mellody L. Hobson bought 18,000 shares of the business’s stock in a transaction that occurred on Monday, April 16th. The shares were acquired at an average cost of $111.05 per share, with a total value 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 acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.73% of the company’s stock.

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About JPMorgan Chase

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.

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

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