Signature Resources Capital Management LLC Buys Shares of 486 JPMorgan Chase & Co. (NYSE:JPM)

Signature Resources Capital Management LLC bought a new position in JPMorgan Chase & Co. (NYSE:JPM) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 486 shares of the financial services provider’s stock, valued at approximately $83,000.

Several other hedge funds also recently modified their holdings of JPM. Morgan Stanley boosted its holdings in shares of JPMorgan Chase & Co. by 0.3% during the 3rd quarter. Morgan Stanley now owns 62,941,343 shares of the financial services provider’s stock worth $9,127,754,000 after buying an additional 201,441 shares during the period. FMR LLC boosted its holdings in JPMorgan Chase & Co. by 1.2% during the third quarter. FMR LLC now owns 49,417,639 shares of the financial services provider’s stock valued at $7,166,546,000 after acquiring an additional 606,382 shares during the period. Wellington Management Group LLP grew its position in shares of JPMorgan Chase & Co. by 12.2% in the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock valued at $6,151,997,000 after purchasing an additional 4,603,090 shares during the last quarter. Northern Trust Corp grew its position in shares of JPMorgan Chase & Co. by 2.7% in the third quarter. Northern Trust Corp now owns 33,089,310 shares of the financial services provider’s stock valued at $4,798,612,000 after purchasing an additional 871,091 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of JPMorgan Chase & Co. by 2.0% in the third quarter. Ameriprise Financial Inc. now owns 23,724,676 shares of the financial services provider’s stock valued at $3,442,313,000 after purchasing an additional 457,184 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 1.0 %

NYSE JPM opened at $197.53 on Friday. JPMorgan Chase & Co. has a 1-year low of $133.13 and a 1-year high of $200.94. The stock’s 50 day moving average is $191.97 and its two-hundred day moving average is $173.32. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $567.24 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 2.38 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The company had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. Equities analysts forecast that JPMorgan Chase & Co. will post 15.98 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were paid a $1.15 dividend. The ex-dividend date was Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.33%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Insider Activity

In other news, insider Lori A. Beer sold 3,920 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $195.36, for a total value of $765,811.20. Following the completion of the transaction, the insider now owns 64,783 shares in the company, valued at $12,656,006.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $195.36, for a total value of $765,811.20. Following the completion of the transaction, the insider now owns 64,783 shares in the company, valued at approximately $12,656,006.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Stacey Friedman sold 6,030 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the completion of the transaction, the general counsel now owns 59,456 shares of the company’s stock, valued at approximately $10,864,394.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,063,506 shares of company stock worth $195,024,605. Insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on JPM. Keefe, Bruyette & Woods raised their price target on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $185.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Oppenheimer lowered their price target on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research report on Monday, April 15th. Finally, UBS Group lowered their price target on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average target price of $192.05.

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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.