MRJ Capital Inc. Acquires 800 Shares of JPMorgan Chase & Co. (JPM)

MRJ Capital Inc. increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,179 shares of the financial services provider’s stock after acquiring an additional 800 shares during the quarter. JPMorgan Chase & Co. comprises 4.0% of MRJ Capital Inc.’s portfolio, making the stock its 2nd biggest holding. MRJ Capital Inc.’s holdings in JPMorgan Chase & Co. were worth $7,277,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Hugh Johnson Advisors LLC grew its holdings in JPMorgan Chase & Co. by 59.1% in the 3rd quarter. Hugh Johnson Advisors LLC now owns 11,653 shares of the financial services provider’s stock valued at $1,113,000 after buying an additional 4,327 shares in the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. acquired a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth $202,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of JPMorgan Chase & Co. by 8.4% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 286,186 shares of the financial services provider’s stock worth $27,334,000 after purchasing an additional 22,236 shares in the last quarter. Iberiabank Corp grew its holdings in shares of JPMorgan Chase & Co. by 44.1% during the 3rd quarter. Iberiabank Corp now owns 91,367 shares of the financial services provider’s stock worth $8,736,000 after purchasing an additional 27,968 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 65.3% during the 3rd quarter. Evergreen Capital Management LLC now owns 16,197 shares of the financial services provider’s stock worth $1,547,000 after purchasing an additional 6,397 shares in the last quarter. 71.98% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. opened at $107.55 on Wednesday, according to Marketbeat Ratings. JPMorgan Chase & Co. has a one year low of $86.61 and a one year high of $119.33. The company has a market cap of $371.27 billion, a P/E ratio of 15.66, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.19.



JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 13th. The financial services provider reported $2.37 EPS for the quarter, topping 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 business had revenue of $27.90 billion during the quarter, compared to analysts’ expectations of $27.73 billion. During the same quarter last year, the firm posted $1.65 earnings per share. The firm’s revenue was up 12.0% on a year-over-year basis. research analysts predict that JPMorgan Chase & Co. will post 9.05 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Friday, July 6th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, July 5th. This represents a $2.24 annualized dividend and a yield of 2.08%. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.61%.

In other JPMorgan Chase & Co. news, Director Chase & Co Jpmorgan bought 22,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 31st. The stock was acquired at an average price of $1,000.00 per share, with a total value of $22,000,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mellody L. Hobson bought 18,000 shares of the firm’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 purchase, the director now directly owns 864 shares of the company’s stock, valued at $95,947.20. The disclosure for this purchase can be found here. Insiders have purchased 53,000 shares of company stock valued at $25,488,830 in the last ninety days. 0.73% of the stock is currently owned by insiders.

Several research firms have recently issued reports on JPM. Morgan Stanley reduced their target price 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 reissued a “buy” rating and set a $122.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, April 16th. BMO Capital Markets reissued a “hold” rating and set a $110.00 target price on shares of JPMorgan Chase & Co. in a report on Friday, April 13th. HSBC began coverage on JPMorgan Chase & Co. in a report on Wednesday, April 11th. They set a “hold” rating and a $111.00 target price on the stock. Finally, Vining Sparks reissued a “buy” rating and set a $130.00 target price on shares of JPMorgan Chase & Co. in a report on Friday, April 6th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $114.06.

JPMorgan Chase & Co. 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.

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

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