EP Wealth Advisors LLC lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 241,838 shares of the financial services provider’s stock after purchasing an additional 8,291 shares during the quarter. JPMorgan Chase & Co. comprises about 2.4% of EP Wealth Advisors LLC’s portfolio, making the stock its 7th biggest position. EP Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $24,481,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of JPM. Rhumbline Advisers raised its stake in shares of JPMorgan Chase & Co. by 0.5% during the 4th quarter. Rhumbline Advisers now owns 5,870,204 shares of the financial services provider’s stock valued at $573,049,000 after buying an additional 31,681 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of JPMorgan Chase & Co. by 4.0% during the 4th quarter. Fisher Asset Management LLC now owns 5,426,978 shares of the financial services provider’s stock valued at $529,782,000 after buying an additional 208,780 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of JPMorgan Chase & Co. by 2.4% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 4,263,000 shares of the financial services provider’s stock valued at $416,154,000 after buying an additional 100,000 shares during the last quarter. Panagora Asset Management Inc. raised its stake in shares of JPMorgan Chase & Co. by 1.5% during the 3rd quarter. Panagora Asset Management Inc. now owns 3,108,991 shares of the financial services provider’s stock valued at $350,819,000 after buying an additional 44,457 shares during the last quarter. Finally, ADAMCAPITAL Gestao de Recursos Ltda. raised its stake in shares of JPMorgan Chase & Co. by 32.0% during the 4th quarter. ADAMCAPITAL Gestao de Recursos Ltda. now owns 2,598,267 shares of the financial services provider’s stock valued at $253,643,000 after buying an additional 629,580 shares during the last quarter. 71.39% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Douglas B. Petno sold 18,303 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $109.74, for a total transaction of $2,008,571.22. Following the completion of the sale, the chief executive officer now owns 259,386 shares in the company, valued at $28,465,019.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mellody L. Hobson bought 1,700 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were acquired at an average price of $114.26 per share, with a total value of $194,242.00. Following the purchase, the director now directly owns 7,485 shares of the company’s stock, valued at approximately $855,236.10. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 157,573 shares of company stock valued at $17,293,454. Insiders own 0.76% of the company’s stock.

JPMorgan Chase & Co. stock opened at $109.82 on Monday. JPMorgan Chase & Co. has a twelve month low of $91.11 and a twelve month high of $119.24. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $356.25 billion, a PE ratio of 12.20, a P/E/G ratio of 1.57 and a beta of 1.18.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, April 12th. The financial services provider reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.33. JPMorgan Chase & Co. had a return on equity of 14.23% and a net margin of 24.28%. The business had revenue of $29.12 billion for the quarter, compared to analyst estimates of $27.95 billion. During the same quarter in the prior year, the company earned $2.37 earnings per share. Analysts predict that JPMorgan Chase & Co. will post 10.02 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be paid a dividend of $0.80 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.91%. JPMorgan Chase & Co.’s payout ratio is currently 35.56%.

A number of equities analysts have weighed in on JPM shares. BMO Capital Markets reduced their price objective on JPMorgan Chase & Co. from $123.00 to $116.00 and set a “market perform” rating for the company in a research note on Thursday, February 28th. HSBC set a $102.00 price target on JPMorgan Chase & Co. and gave the company a “neutral” rating in a research note on Thursday, April 4th. Zacks Investment Research lowered JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Credit Suisse Group lifted their price target on JPMorgan Chase & Co. from $128.00 to $132.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Finally, Barclays restated a “buy” rating and issued a $140.00 price target on shares of JPMorgan Chase & Co. in a research note on Thursday, February 21st. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average target price of $123.85.

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JPMorgan Chase & Co. Profile

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 deposit and investment products 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, payment processing, auto loan, and leasing services.

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

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