BRR OpCo LLC Boosts Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

BRR OpCo LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 1.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,445 shares of the financial services provider’s stock after acquiring an additional 410 shares during the period. JPMorgan Chase & Co. makes up 0.6% of BRR OpCo LLC’s investment portfolio, making the stock its 19th biggest holding. BRR OpCo LLC’s holdings in JPMorgan Chase & Co. were worth $5,377,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its position in JPMorgan Chase & Co. by 1.6% during the 4th quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock worth $22,441,376,000 after purchasing an additional 2,277,065 shares during the period. Geode Capital Management LLC increased its position in JPMorgan Chase & Co. by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 47,806,506 shares of the financial services provider’s stock worth $7,548,705,000 after purchasing an additional 687,571 shares during the period. Norges Bank acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $4,092,843,000. Charles Schwab Investment Management Inc. increased its position in JPMorgan Chase & Co. by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 17,802,465 shares of the financial services provider’s stock worth $2,819,021,000 after purchasing an additional 273,693 shares during the period. Finally, Parametric Portfolio Associates LLC increased its position in JPMorgan Chase & Co. by 1.4% during the 4th quarter. Parametric Portfolio Associates LLC now owns 11,276,722 shares of the financial services provider’s stock worth $1,785,669,000 after purchasing an additional 160,698 shares during the period. 70.35% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 3.0 %

Shares of JPMorgan Chase & Co. stock opened at $115.76 on Friday. JPMorgan Chase & Co. has a fifty-two week low of $106.06 and a fifty-two week high of $172.96. The firm has a market cap of $339.99 billion, a PE ratio of 9.29, a P/E/G ratio of 2.03 and a beta of 1.12. The business’s fifty day moving average is $116.99 and its two-hundred day moving average is $129.47. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.14.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share for the quarter, hitting the consensus estimate of $2.76. The business had revenue of $30.72 billion for the quarter, compared to analyst estimates of $31.82 billion. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the company posted $3.78 EPS. Analysts anticipate that JPMorgan Chase & Co. will post 11.21 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, July 31st. Investors of record on Wednesday, July 6th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend was Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 32.10%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Barclays set a $200.00 price target on JPMorgan Chase & Co. in a report on Monday, July 18th. Royal Bank of Canada lowered their price target on JPMorgan Chase & Co. to $130.00 in a report on Thursday, July 14th. Morgan Stanley lowered their price target on JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating on the stock in a report on Tuesday, July 12th. Citigroup upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $145.00 to $135.00 in a report on Tuesday, July 12th. Finally, Evercore ISI lowered their price target on JPMorgan Chase & Co. from $135.00 to $125.00 in a report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $145.95.

About JPMorgan Chase & Co.

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JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

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

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