Strategic Capital Advisers Inc. Acquires Shares of 2,587 JPMorgan Chase & Co. (JPM)

Strategic Capital Advisers Inc. acquired a new position in JPMorgan Chase & Co. (NYSE:JPM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,587 shares of the financial services provider’s stock, valued at approximately $277,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in JPM. Keeler Thomas Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $112,000. Cerebellum GP LLC bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $119,000. Price Wealth Management Inc. bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $124,000. Americafirst Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the third quarter valued at approximately $143,000. Finally, FSI Group LLC bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $159,000. 72.10% of the stock is owned by institutional investors and hedge funds.

Shares of JPMorgan Chase & Co. opened at $110.19 on Wednesday, MarketBeat.com reports. The company has a market cap of $380.36 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 1.84 and a beta of 1.21. 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 & Co. has a 52-week low of $85.82 and a 52-week high of $119.33.



JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.09. JPMorgan Chase & Co. had a net margin of 22.53% and a return on equity of 12.60%. The business had revenue of $27.90 billion for the quarter, compared to analyst estimates of $27.73 billion. During the same period in the previous year, the company earned $1.65 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. sell-side analysts anticipate that JPMorgan Chase & Co. will post 9.05 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Friday, July 6th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.03%. The ex-dividend date is Thursday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.61%.

In other news, Director Chase & Co Jpmorgan purchased 22,000 shares of the business’s stock in a transaction on Thursday, May 31st. The shares were acquired at an average cost of $1,000.00 per share, with a total value of $22,000,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mellody L. Hobson purchased 18,000 shares of the business’s stock in a transaction on Monday, April 16th. The stock was purchased at an average cost of $111.05 per share, for a total transaction of $1,998,900.00. Following the completion of the acquisition, the director now directly owns 864 shares of the company’s stock, valued at approximately $95,947.20. The disclosure for this purchase can be found here. Insiders acquired 53,000 shares of company stock worth $25,488,830 over the last ninety days. Corporate insiders own 0.73% of the company’s stock.

Several analysts have recently weighed in on JPM shares. Morgan Stanley decreased their price target on shares of JPMorgan Chase & Co. from $138.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, April 30th. BMO Capital Markets reaffirmed a “hold” rating and set a $110.00 price target on shares of JPMorgan Chase & Co. in a research note on Friday, April 13th. Edward Jones raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, March 22nd. Vetr raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $111.28 price target for the company in a research note on Thursday, March 1st. Finally, Nomura lifted their price target on shares of JPMorgan Chase & Co. from $113.00 to $117.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $114.06.

About JPMorgan Chase & Co.

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 & Co. (NYSE:JPM)

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