Coerente Capital Management increases its stake in JPMorgan Chase & Co. (NYSE:JPM)


Coerente Capital Management increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.8% during the first quarter, according to the company in its most recent Form 13F filed with the Securities and Exchange Commission (SEC). The institutional investor held 35,454 shares of the financial services provider after purchasing an additional 632 shares during the quarter. JPMorgan Chase & Co. represents 1.0% of Coerente Capital Management‘s portfolio, making the stock its 23rd largest holding. Coerente Capital Management‘s holdings in JPMorgan Chase & Co. were worth $4,833,000 when it last filed with the SEC.

Several other institutional investors also bought and sold shares of JPM. HMS Capital Management LLC increased its position in JPMorgan Chase & Co. by 3.0% during the first quarter. HMS Capital Management LLC now owns 7,472 shares of the financial services provider worth $1,019,000 after buying 217 additional shares last quarter. Ballast Advisors LLC increased its position in JPMorgan Chase & Co. by 4.9% during the first quarter. Ballast Advisors LLC now owns 51,844 shares of the financial services provider worth $7,067,000 after buying an additional 2,444 shares last quarter. Miller Howard Investments Inc. NY increased its position in JPMorgan Chase & Co. by 7,563.1% during the first quarter. Miller Howard Investments Inc. NY now owns 274,877 shares of the financial services provider worth $37,471,000 after purchasing an additional 271,290 shares last quarter. KMG Fiduciary Partners LLC increased its position in JPMorgan Chase & Co. by 5.2% during the first quarter. KMG Fiduciary Partners LLC now owns 113,981 shares of the financial services provider worth $15,538,000 after buying an additional 5,654 shares in the last quarter. Finally, FSB Premier Wealth Management Inc. increased its position in JPMorgan Chase & Co. by 5.2% during the first quarter. FSB Premier Wealth Management Inc. now owns 5,230 shares of the financial services provider worth $712,000 after buying an additional 258 shares last quarter. Hedge funds and other institutional investors hold 70.35% of the company’s shares.

In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 4,668 shares of the company in a trade dated Thursday, April 14. The stock was sold at an average price of $126.19, for a total transaction of $589,054.92. Following the completion of the sale, the CEO now directly owns 11,135 shares of the company, valued at $1,405,125.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, insider Ashley Bacon sold 21,012 shares of the company in a trade dated Tuesday, April 19. The stock was sold at an average price of $130.04, for a total value of $2,732,400.48. Following the sale, the insider now owns 178,588 shares of the company, valued at $23,223,583.52. The disclosure of this sale can be found here. Company insiders own 0.79% of the company’s shares.

Shares of JPMorgan Chase & Co. opened at $114.36 on Monday. The company has a market capitalization of $335.88 billion, a P/E ratio of 8.48, a PEG ratio of 2.04 and a beta of 1.15. The stock has a fifty-day moving average price of $120.53 and a 200-day moving average price of $135.81. JPMorgan Chase & Co. has a 52-week low of $109.30 and a 52-week high of $172.96. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt ratio of 1.16.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last reported results on Wednesday, April 13. The financial services provider reported EPS of $2.63 for the quarter, missing the consensus estimate of $2.73 per ($0.10). The company posted revenue of $30.72 billion in the quarter, versus analyst estimates of $30.53 billion. JPMorgan Chase & Co. posted a net margin of 33.61% and a return on equity of 16.58%. The company’s revenue for the quarter was down 4.8% from the same quarter last year. In the same quarter a year earlier, the company posted earnings per share of $4.50. As a group, stock analysts predict JPMorgan Chase & Co. will post 11.23 EPS for the current year.

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

A number of research companies have commented on JPM. Berenberg Bank set a target price of $120.00 on JPMorgan Chase & Co. in a Tuesday, April 19 research report. Argus reduced its price target on JPMorgan Chase & Co. from $177.00 to $155.00 in a Thursday, April 14 research report. Keefe, Bruyette & Woods reworded a ‘market performance’ rating and issued a price target of $148.00 (vs. $142.00) on JPMorgan Chase & Co. shares in a Tuesday research report May 24. Morgan Stanley cut its price target on JPMorgan Chase & Co. from $152.00 to $149.00 and set an “underweight” rating on the stock in a Friday, June 24 research report. Finally, Wells Fargo & Company cut its price target on JPMorgan Chase & Co. from $150.00 to $120.00 and set an “equal weight” rating on the stock in a Friday 1st research report. July. One research analyst has assigned the stock a sell rating, eight have issued a hold rating and eight have assigned the stock a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $159.33.

JPMorgan Chase & Co. Company Profile (Get a rating)

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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