Banque Cantonale Vaudoise lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 6.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,596 shares of the financial services provider’s stock after purchasing an additional 5,397 shares during the period. JPMorgan Chase & Co. makes up 1.0% of Banque Cantonale Vaudoise’s investment portfolio, making the stock its 13th largest holding. Banque Cantonale Vaudoise’s holdings in JPMorgan Chase & Co. were worth $26,356,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Apella Capital LLC increased its position in JPMorgan Chase & Co. by 70.3% during the first quarter. Apella Capital LLC now owns 37,770 shares of the financial services provider’s stock worth $11,720,000 after buying an additional 15,590 shares in the last quarter. Consilium Wealth Advisory LLC increased its position in JPMorgan Chase & Co. by 27.3% during the 1st quarter. Consilium Wealth Advisory LLC now owns 15,610 shares of the financial services provider’s stock worth $4,592,000 after purchasing an additional 3,344 shares in the last quarter. Focused Wealth Management Inc raised its stake in JPMorgan Chase & Co. by 11.1% in the 1st quarter. Focused Wealth Management Inc now owns 15,485 shares of the financial services provider’s stock valued at $4,555,000 after purchasing an additional 1,545 shares during the last quarter. Keudell Morrison Wealth Management raised its stake in JPMorgan Chase & Co. by 6.6% in the 1st quarter. Keudell Morrison Wealth Management now owns 9,474 shares of the financial services provider’s stock valued at $2,787,000 after purchasing an additional 590 shares during the last quarter. Finally, Weaver Capital Management LLC lifted its holdings in JPMorgan Chase & Co. by 0.7% in the 1st quarter. Weaver Capital Management LLC now owns 18,389 shares of the financial services provider’s stock valued at $5,409,000 after purchasing an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.
Key Stories Impacting JPMorgan Chase & Co.
Here are the key news stories impacting JPMorgan Chase & Co. this week:
- Positive Sentiment: JPMorgan cleared the Federal Reserve’s annual stress test, reinforcing that the bank is well capitalized and can withstand a severe downturn. That result supports higher payouts and helps confirm the firm’s balance-sheet strength. Article Title
- Positive Sentiment: The board approved a 10% dividend increase and a new $50 billion share buyback, which is a strong signal of confidence in earnings power and capital generation. Article Title
- Positive Sentiment: The stock recently hit an all-time high as investors reacted favorably to the dividend boost, buyback authorization, and ongoing confidence in JPMorgan’s earnings and capital return profile. Article Title
Wall Street Analysts Forecast Growth
View Our Latest Report on JPMorgan Chase & Co.
Insiders Place Their Bets
In other news, COO Jennifer Piepszak sold 4,919 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $309.42, for a total value of $1,522,036.98. Following the completion of the sale, the chief operating officer owned 85,082 shares of the company’s stock, valued at $26,326,072.44. This represents a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,467 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $330.73, for a total transaction of $1,808,100.91. Following the completion of the transaction, the general counsel directly owned 40,961 shares in the company, valued at approximately $13,547,031.53. This represents a 11.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 33,623 shares of company stock worth $10,427,835 over the last ninety days. 0.41% of the stock is owned by company insiders.
JPMorgan Chase & Co. Stock Performance
Shares of NYSE:JPM opened at $328.73 on Friday. The business has a 50-day moving average of $311.44 and a two-hundred day moving average of $308.42. The firm has a market capitalization of $880.83 billion, a PE ratio of 15.74, a P/E/G ratio of 1.56 and a beta of 1.00. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.86 and a quick ratio of 0.86. JPMorgan Chase & Co. has a 12 month low of $279.10 and a 12 month high of $343.45.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share for the quarter, beating the consensus estimate of $5.50 by $0.44. JPMorgan Chase & Co. had a return on equity of 17.54% and a net margin of 20.66%.The business had revenue of $50.54 billion for the quarter, compared to analyst estimates of $48.30 billion. During the same period in the previous year, the company posted $5.07 EPS. The company’s revenue was up 10.0% compared to the same quarter last year. As a group, research analysts forecast that JPMorgan Chase & Co. will post 22.44 earnings per share for the current year.
JPMorgan Chase & Co. Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, July 6th. JPMorgan Chase & Co.’s payout ratio is currently 28.74%.
JPMorgan Chase & Co. Company Profile
JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.
The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.
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