Bedell Frazier Investment Counseling LLC purchased a new position in JPMorgan Chase (NYSE:JPM) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 1,985 shares of the financial services provider’s stock, valued at approximately $212,000.

Several other large investors have also recently modified their holdings of the company. Legal & General Group Plc boosted its stake in JPMorgan Chase by 1.8% during the third quarter. Legal & General Group Plc now owns 18,083,319 shares of the financial services provider’s stock worth $1,727,118,000 after buying an additional 313,968 shares during the last quarter. Capital International Investors boosted its stake in JPMorgan Chase by 4.6% during the third quarter. Capital International Investors now owns 18,080,222 shares of the financial services provider’s stock worth $1,726,842,000 after buying an additional 802,024 shares during the last quarter. Jennison Associates LLC boosted its stake in JPMorgan Chase by 11.7% during the fourth quarter. Jennison Associates LLC now owns 17,180,823 shares of the financial services provider’s stock worth $1,837,317,000 after buying an additional 1,804,721 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in JPMorgan Chase by 3.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 12,689,478 shares of the financial services provider’s stock worth $1,356,838,000 after buying an additional 373,921 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in JPMorgan Chase by 9.3% during the fourth quarter. American Century Companies Inc. now owns 10,898,177 shares of the financial services provider’s stock worth $1,165,451,000 after buying an additional 925,232 shares during the last quarter. 74.26% of the stock is currently owned by hedge funds and other institutional investors.

JPM stock opened at $113.34 on Thursday. 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 capitalization of $390.90 billion, a P/E ratio of 16.50, a PEG ratio of 1.89 and a beta of 1.24. JPMorgan Chase has a 12-month low of $112.76 and a 12-month high of $113.47.

JPMorgan Chase (NYSE:JPM) last posted its quarterly earnings data on Friday, April 13th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.09. The firm had revenue of $27.90 billion for the quarter, compared to the consensus estimate of $27.73 billion. JPMorgan Chase had a return on equity of 12.60% and a net margin of 22.53%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.65 EPS. research analysts expect that JPMorgan Chase will post 9.05 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Friday, July 6th will be issued a $0.56 dividend. The ex-dividend date is Thursday, July 5th. This represents a $2.24 annualized dividend and a dividend yield of 1.98%. JPMorgan Chase’s dividend payout ratio is presently 32.61%.

A number of equities analysts have weighed in on JPM shares. Jefferies Group reissued a “buy” rating and set a $131.00 price objective (up previously from $124.00) on shares of JPMorgan Chase in a research note on Wednesday, February 21st. Wells Fargo set a $130.00 price objective on JPMorgan Chase and gave the stock a “buy” rating in a research note on Wednesday, January 17th. ValuEngine raised JPMorgan Chase from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research raised JPMorgan Chase from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a research note on Thursday, January 18th. Finally, Edward Jones raised JPMorgan Chase from a “hold” rating to a “buy” rating in a research note on Thursday, March 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $112.75.

In other news, Director Mellody L. Hobson acquired 18,000 shares of the business’s stock in a transaction that occurred on Monday, April 16th. The shares were purchased at an average price of $111.05 per share, for a total transaction of $1,998,900.00. Following the acquisition, the director now owns 864 shares of the company’s stock, valued at $95,947.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Todd A. Combs acquired 13,000 shares of the business’s stock in a transaction that occurred on Monday, May 14th. The stock was purchased at an average price of $114.61 per share, for a total transaction of $1,489,930.00. Following the acquisition, the director now directly owns 18,277 shares in the company, valued at approximately $2,094,726.97. The disclosure for this purchase can be found here. 0.73% of the stock is currently owned by insiders.

JPMorgan Chase 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.

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

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