Public Employees Retirement Association of Colorado Buys 94,143 Shares of JPMorgan Chase & Co. (JPM)

Public Employees Retirement Association of Colorado increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,483,060 shares of the financial services provider’s stock after purchasing an additional 94,143 shares during the quarter. JPMorgan Chase & Co. comprises about 1.8% of Public Employees Retirement Association of Colorado’s portfolio, making the stock its 5th biggest position. Public Employees Retirement Association of Colorado owned 0.07% of JPMorgan Chase & Co. worth $273,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JPM. Keeler Thomas Management LLC bought a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $112,000. Cerebellum GP LLC bought a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $119,000. Price Wealth Management Inc. bought a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $124,000. FSI Group LLC bought a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $159,000. Finally, Americafirst Capital Management LLC bought a new position in JPMorgan Chase & Co. in the third quarter valued at approximately $143,000. 71.98% of the stock is currently owned by institutional investors and hedge funds.

JPM has been the topic of a number of recent research reports. Nomura raised their price objective 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. BMO Capital Markets increased their target price on shares of JPMorgan Chase & Co. from $110.00 to $111.00 and gave the stock a “market perform” rating in a report on Wednesday, February 28th. Vetr upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $111.28 target price on the stock in a report on Thursday, March 1st. Zacks Investment Research lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Finally, Credit Suisse Group increased their target price on shares of JPMorgan Chase & Co. from $125.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, March 19th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $114.06.



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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Todd A. Combs bought 13,000 shares of the firm’s stock in a transaction that occurred on Monday, May 14th. The stock was acquired at an average cost of $114.61 per share, with a total value of $1,489,930.00. Following the transaction, the director now owns 18,277 shares of the company’s stock, valued at approximately $2,094,726.97. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 53,000 shares of company stock valued at $25,488,830. 0.73% of the stock is owned by insiders.

Shares of NYSE:JPM opened at $105.75 on Monday. JPMorgan Chase & Co. has a 12 month low of $86.61 and a 12 month high of $119.33. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.19. The firm has a market cap of $362.93 billion, a P/E ratio of 15.39, a P/E/G ratio of 1.76 and a beta of 1.21.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 13th. The financial services provider reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.65 earnings per share. research analysts predict that JPMorgan Chase & Co. will post 9.03 earnings per share 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 given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Thursday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 32.61%.

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.

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

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