JPMorgan Chase & Co. (NYSE:JPM) is Lowe Brockenbrough & Co. Inc.’s 5th Largest Position

Lowe Brockenbrough & Co. Inc. trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.4% during the first quarter, Holdings Channel reports. The institutional investor owned 176,503 shares of the financial services provider’s stock after selling 756 shares during the period. JPMorgan Chase & Co. makes up 2.5% of Lowe Brockenbrough & Co. Inc.’s portfolio, making the stock its 5th biggest holding. Lowe Brockenbrough & Co. Inc.’s holdings in JPMorgan Chase & Co. were worth $17,867,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of JPM. Smart Portfolios LLC grew its position in shares of JPMorgan Chase & Co. by 29.6% in the 4th quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 114 shares in the last quarter. Contravisory Investment Management Inc. grew its position in shares of JPMorgan Chase & Co. by 188.3% in the 4th quarter. Contravisory Investment Management Inc. now owns 542 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 354 shares in the last quarter. Semmax Financial Advisors Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $56,000. Bogart Wealth LLC grew its position in shares of JPMorgan Chase & Co. by 19.0% in the 4th quarter. Bogart Wealth LLC now owns 625 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 100 shares in the last quarter. Finally, D Orazio & Associates Inc. grew its position in shares of JPMorgan Chase & Co. by 62.6% in the 4th quarter. D Orazio & Associates Inc. now owns 779 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 300 shares in the last quarter. 71.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of JPM stock opened at $109.82 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a 1 year low of $91.11 and a 1 year high of $119.24. The firm has a market cap of $356.25 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 1.57 and a beta of 1.18.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, April 12th. The financial services provider reported $2.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.33. JPMorgan Chase & Co. had a return on equity of 14.23% and a net margin of 24.28%. The company had revenue of $29.12 billion during the quarter, compared to analyst estimates of $27.95 billion. During the same quarter in the previous year, the firm posted $2.37 EPS. Equities analysts expect that JPMorgan Chase & Co. will post 10.02 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $3.20 dividend on an annualized basis and a yield of 2.91%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.56%.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson purchased 1,700 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, April 18th. The stock was bought at an average price of $114.26 per share, for a total transaction of $194,242.00. Following the transaction, the director now owns 7,485 shares of the company’s stock, valued at approximately $855,236.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas B. Petno sold 18,303 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $109.74, for a total value of $2,008,571.22. Following the transaction, the chief executive officer now owns 259,386 shares of the company’s stock, valued at approximately $28,465,019.64. The disclosure for this sale can be found here. Insiders have sold a total of 157,573 shares of company stock valued at $17,293,454 in the last quarter. 0.76% of the stock is currently owned by insiders.

JPM has been the subject of several research reports. Zacks Investment Research lowered JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. Barclays restated a “buy” rating and set a $140.00 price objective on shares of JPMorgan Chase & Co. in a research report on Thursday, February 21st. BMO Capital Markets reduced their price objective on JPMorgan Chase & Co. from $123.00 to $116.00 and set a “market perform” rating for the company in a research report on Thursday, February 28th. Morgan Stanley boosted their price objective on JPMorgan Chase & Co. from $124.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Finally, Credit Suisse Group boosted their price objective on JPMorgan Chase & Co. from $128.00 to $132.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $123.85.

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JPMorgan Chase & Co. Company 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 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, payment processing, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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