Kornitzer Capital Management Inc. KS boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 44,114 shares of the financial services provider’s stock after acquiring an additional 1,390 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in JPMorgan Chase & Co. were worth $6,715,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in JPM. Norges Bank bought a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $3,501,714,000. Sanders Capital LLC raised its stake in JPMorgan Chase & Co. by 364.4% in the 4th quarter. Sanders Capital LLC now owns 12,191,489 shares of the financial services provider’s stock valued at $1,661,572,000 after acquiring an additional 9,566,427 shares during the period. Price T Rowe Associates Inc. MD raised its stake in JPMorgan Chase & Co. by 22.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,288,837 shares of the financial services provider’s stock valued at $3,848,803,000 after acquiring an additional 5,610,076 shares during the period. Morgan Stanley increased its position in shares of JPMorgan Chase & Co. by 5.5% during the fourth quarter. Morgan Stanley now owns 39,207,003 shares of the financial services provider’s stock valued at $4,982,034,000 after buying an additional 2,044,249 shares during the period. Finally, FMR LLC increased its position in shares of JPMorgan Chase & Co. by 4.6% during the fourth quarter. FMR LLC now owns 38,458,423 shares of the financial services provider’s stock valued at $4,886,911,000 after buying an additional 1,691,888 shares during the period. Institutional investors and hedge funds own 69.02% of the company’s stock.
Several equities research analysts have recently weighed in on JPM shares. Atlantic Securities reiterated a “neutral” rating and set a $150.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, May 3rd. Zacks Investment Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating and set a $177.00 price target on the stock in a research report on Monday, April 19th. Credit Suisse Group boosted their price objective on JPMorgan Chase & Co. from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Monday, March 29th. DA Davidson boosted their price objective on JPMorgan Chase & Co. from $179.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, April 21st. Finally, Seaport Global Securities boosted their price objective on JPMorgan Chase & Co. from $140.00 to $157.00 in a report on Tuesday, January 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $149.44.
Shares of JPM opened at $158.54 on Wednesday. The firm’s 50-day moving average price is $153.89 and its 200-day moving average price is $135.86. The firm has a market capitalization of $479.92 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 2.87 and a beta of 1.23. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.16. JPMorgan Chase & Co. has a 1-year low of $82.40 and a 1-year high of $163.73.
JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, April 13th. The financial services provider reported $4.50 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $1.40. The firm had revenue of $32.30 billion for the quarter, compared to analyst estimates of $29.97 billion. JPMorgan Chase & Co. had a net margin of 19.16% and a return on equity of 10.85%. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.78 EPS. On average, research analysts forecast that JPMorgan Chase & Co. will post 7.83 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 30th. Investors of record on Tuesday, April 6th were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Monday, April 5th. JPMorgan Chase & Co.’s payout ratio is currently 34.35%.
About JPMorgan Chase & Co.
JPMorgan Chase & Co operates as a financial services company worldwide. It operates in 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, auto loan, and leasing services.
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