JPMorgan Chase & Co. (JPM) is KAMES CAPITAL plc’s 5th Largest Position
KAMES CAPITAL plc boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 12.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,887,209 shares of the financial services provider’s stock after buying an additional 205,024 shares during the period. JPMorgan Chase & Co. makes up about 3.4% of KAMES CAPITAL plc’s portfolio, making the stock its 5th largest position. KAMES CAPITAL plc owned about 0.05% of JPMorgan Chase & Co. worth $117,309,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Emerald Acquisition Ltd. purchased a new position in JPMorgan Chase & Co. during the second quarter valued at about $546,431,000. Primecap Management Co. CA increased its position in JPMorgan Chase & Co. by 43.5% in the first quarter. Primecap Management Co. CA now owns 20,518,581 shares of the financial services provider’s stock valued at $1,215,110,000 after buying an additional 6,218,550 shares during the last quarter. Vanguard Group Inc. increased its position in JPMorgan Chase & Co. by 2.1% in the second quarter. Vanguard Group Inc. now owns 229,636,598 shares of the financial services provider’s stock valued at $14,269,618,000 after buying an additional 4,692,609 shares during the last quarter. Winslow Capital Management LLC purchased a new position in JPMorgan Chase & Co. during the second quarter valued at about $221,862,000. Finally, Wellington Management Group LLP increased its position in JPMorgan Chase & Co. by 4.4% in the first quarter. Wellington Management Group LLP now owns 69,735,097 shares of the financial services provider’s stock valued at $4,129,713,000 after buying an additional 2,936,653 shares during the last quarter. 73.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of JPMorgan Chase & Co. (NYSE:JPM) traded down 0.40% during mid-day trading on Friday, hitting $77.71. 19,769,965 shares of the stock were exchanged. JPMorgan Chase & Co. has a one year low of $52.50 and a one year high of $78.42. The company has a 50-day moving average of $68.61 and a 200 day moving average of $65.29. The stock has a market cap of $278.03 billion, a PE ratio of 13.41 and a beta of 1.51.
JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.19. The firm had revenue of $25.50 billion for the quarter. JPMorgan Chase & Co. had a net margin of 22.92% and a return on equity of 10.47%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.54 EPS. On average, equities analysts predict that JPMorgan Chase & Co. will post $5.88 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Thursday, October 6th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Tuesday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 33.10%.
JPM has been the topic of several research reports. Barclays PLC reissued an “overweight” rating and issued a $79.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 12th. Citigroup Inc. downgraded JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $65.00 target price on the stock. in a research report on Monday, August 8th. They noted that the move was a valuation call. Compass Point initiated coverage on JPMorgan Chase & Co. in a research report on Tuesday, October 11th. They issued a “sell” rating on the stock. Macquarie downgraded JPMorgan Chase & Co. from an “outperform” rating to a “neutral” rating and cut their target price for the company from $72.00 to $70.00 in a research report on Friday, September 9th. Finally, Zacks Investment Research downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, September 14th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have assigned a buy rating to the stock. JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus price target of $72.43.
In related news, CEO Mary E. Erdoes sold 25,542 shares of the business’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $67.26, for a total transaction of $1,717,954.92. Following the sale, the chief executive officer now owns 291,080 shares of the company’s stock, valued at $19,578,040.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark O’donovan sold 4,035 shares of the business’s stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $69.05, for a total transaction of $278,616.75. Following the sale, the insider now directly owns 6,005 shares in the company, valued at approximately $414,645.25. The disclosure for this sale can be found here. Corporate insiders own 0.85% of the company’s stock.
About JPMorgan Chase & Co.
JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.
Receive News & Stock Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related stocks with our FREE daily email newsletter.