Millennium Management LLC Acquires 365,883 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Millennium Management LLC increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 46.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,156,312 shares of the financial services provider’s stock after buying an additional 365,883 shares during the period. Millennium Management LLC’s holdings in JPMorgan Chase & Co. were worth $123,656,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of JPM. Keeler Thomas Management LLC purchased a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $112,000. Cerebellum GP LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $119,000. Price Wealth Management Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $124,000. Americafirst Capital Management LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth about $143,000. Finally, FSI Group LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth about $159,000. 71.98% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. traded down $0.77, hitting $106.77, on Thursday, Marketbeat reports. 382,166 shares of the company were exchanged, compared to its average volume of 14,319,838. 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 twelve month low of $86.61 and a twelve month high of $119.33. The firm has a market capitalization of $369.11 billion, a price-to-earnings ratio of 15.55, a price-to-earnings-growth ratio of 1.78 and a beta of 1.21.



JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results 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. The business had revenue of $27.90 billion during the quarter, compared to the consensus estimate of $27.73 billion. JPMorgan Chase & Co. had a net margin of 22.53% and a return on equity of 12.60%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.65 earnings per share. equities analysts forecast that JPMorgan Chase & Co. will post 9.05 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders 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 dividend on an annualized basis and a yield of 2.10%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 32.61%.

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

A number of analysts have commented on JPM shares. Morgan Stanley increased their price objective on shares of JPMorgan Chase & Co. from $133.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Jefferies Financial Group reissued a “buy” rating and issued a $131.00 price target (up previously from $124.00) on shares of JPMorgan Chase & Co. in a research report on Wednesday, February 21st. Nomura raised 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 report on Wednesday, February 28th. BMO Capital Markets lifted their price target on shares of JPMorgan Chase & Co. from $110.00 to $111.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 28th. Finally, Vetr upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $111.28 price target on the stock in a research note on Thursday, March 1st. 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 company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $114.06.

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.

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

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