JPMorgan Chase & Co. (NYSE:JPM) shares acquired by Alpha Cubed Investments LLC


Alpha Cubed Investments LLC increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 20.2% in Q1, according to the company in its latest filing with the Securities and Exchange Commission. The institutional investor held 320,862 shares of the financial services provider after purchasing an additional 53,907 shares during the period. JPMorgan Chase & Co. represents 2.8% of Alpha Cubed Investments LLC’s investment portfolio, making the stock its third largest holding. Alpha Cubed Investments LLC’s holdings in JPMorgan Chase & Co. were worth $43,740,000 when it last filed with the Securities and Exchange Commission.

Several other institutional investors have also recently changed their holdings in JPM. KLCM Advisors Inc. increased its stake in JPMorgan Chase & Co. shares by 0.5% in the 4th quarter. KLCM Advisors Inc. now owns 12,800 shares of the financial services provider valued at $2,027,000 after buying 69 additional shares last quarter. Hurlow Wealth Management Group Inc. increased its holdings of JPMorgan Chase & Co. shares by 1.1% in the fourth quarter. Hurlow Wealth Management Group Inc. now owns 6,166 shares of the financial services provider valued at $793,000 after buying 69 additional shares last quarter. Bigelow Investment Advisors LLC increased its holdings of JPMorgan Chase & Co. shares by 1.0% in the fourth quarter. Bigelow Investment Advisors LLC now owns 6,886 shares of the financial services provider valued at $1,090,000 after buying 69 additional shares last quarter. Smith & Howard Wealth Management LLC increased its holdings of JPMorgan Chase & Co. shares by 4.0% in the fourth quarter. Smith & Howard Wealth Management LLC now owns 1,839 shares of the financial services provider valued at $291,000 after buying 70 additional shares last quarter. Finally, Valley Brook Capital Group Inc. increased its stake in JPMorgan Chase & Co. shares by 0.4% in the 4th quarter. Valley Brook Capital Group Inc. now owns 18,319 shares of the financial services provider valued at $2,900,000 after buying 70 additional shares last quarter. Institutional investors and hedge funds hold 70.35% of the company’s shares.

A number of brokerages have recently released reports on JPM. Argus cut its price target on JPMorgan Chase & Co. shares from $177.00 to $155.00 in a Thursday, April 14 report. Morgan Stanley lowered its price target on JPMorgan Chase & Co. shares from $152.00 to $149.00 and set an “underweight” rating for the company in a Friday, June 24 report. Goldman Sachs Group set a target price of $151.00 on JPMorgan Chase & Co. shares and gave the company a “buy” rating in a Thursday, April 14, report. Credit Suisse Group set a target price of $160.00 on JPMorgan Chase & Co. shares in a report on Wednesday, May 25. Finally, Royal Bank of Canada set a target price of $175.00 on JPMorgan Chase & Co. shares and gave the company an “outperform” rating in a report on Thursday, April 14. An equity research analyst rated the stock a sell rating, eight gave the company a hold rating and eight gave the company a buy rating. According to MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average target price of $159.33.

In related news, insider Ashley Bacon sold 21,012 shares of the company in a trade that took place on Tuesday, April 19. The shares were sold at an average price of $130.04, for a total value of $2,732,400.48. Following the transaction, the insider now owns 178,588 shares of the company, valued at $23,223,583.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Additionally, CEO Jennifer Piepszak sold 4,668 shares of the company in a trade that took place on Thursday, April 14. The shares were sold at an average price of $126.19, for a total transaction of $589,054.92. Following completion of the transaction, the CEO now owns 11,135 shares of the company, valued at approximately $1,405,125.65. The disclosure of this sale can be found here. 0.79% of the shares are currently held by insiders of the company.

JPM opened at $114.36 on Friday. The company’s 50-day simple moving average is $120.53 and its 200-day simple moving average is $135.96. The company has a debt ratio of 1.16, a quick ratio of 0.82 and a current ratio of 0.82. JPMorgan Chase & Co. has a 1-year low of $109.30 and a 1-year high of $172.96. The stock has a market capitalization of $335.88 billion, a PE ratio of 8.48, a P/E/G ratio of 2.04 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last reported results on Wednesday, April 13. The financial services provider reported earnings per share (EPS) of $2.63 for the quarter, missing the consensus estimate of $2.73 per ($0.10). JPMorgan Chase & Co. achieved a return on equity of 16.58% and a net margin of 33.61%. The company posted revenue of $30.72 billion in the quarter, versus analyst estimates of $30.53 billion. In the same period a year earlier, the company posted earnings of $4.50 per share. JPMorgan Chase & Co. revenue fell 4.8% year-over-year. As a group, sell-side analysts expect JPMorgan Chase & Co. to post earnings per share of 11.23 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, July 31. Investors of record on Wednesday, July 6 will receive a dividend of $1.00. The ex-dividend date is Tuesday, July 5. This represents an annualized dividend of $4.00 and a dividend yield of 3.50%. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.67%.

JPMorgan Chase & Co. Company Profile (Get an evaluation)

JPMorgan Chase & Co operates as a worldwide financial services company. 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 consumer services; lending, deposit, cash management and payment solutions for small businesses; mortgage origination and management activities; residential mortgages and home equity loans; and credit card, car loan and leasing services.

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Institutional ownership by quarter for JPMorgan Chase & Co. (NYSE: JPM)



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