American Planning Services Inc. Increases Stake in JPMorgan Chase & Co. (NYSE:JPM)

American Planning Services Inc. boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 10.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,069 shares of the financial services provider’s stock after buying an additional 200 shares during the quarter. JPMorgan Chase & Co. accounts for 0.3% of American Planning Services Inc.’s investment portfolio, making the stock its 27th largest position. American Planning Services Inc.’s holdings in JPMorgan Chase & Co. were worth $352,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mount Lucas Management LP purchased a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $2,916,000. Smithfield Trust Co lifted its holdings in shares of JPMorgan Chase & Co. by 1.1% in the 4th quarter. Smithfield Trust Co now owns 29,139 shares of the financial services provider’s stock valued at $4,952,000 after purchasing an additional 324 shares during the last quarter. Van Hulzen Asset Management LLC increased its position in JPMorgan Chase & Co. by 47.7% during the fourth quarter. Van Hulzen Asset Management LLC now owns 71,211 shares of the financial services provider’s stock worth $12,113,000 after buying an additional 23,001 shares during the period. Principal Securities Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $9,636,000. Finally, FinDec Wealth Services Inc. purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $213,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $201.51 on Wednesday. The business has a fifty day moving average of $192.71 and a 200-day moving average of $174.77. JPMorgan Chase & Co. has a fifty-two week low of $133.96 and a fifty-two week high of $201.58. The stock has a market cap of $578.67 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 2.45 and a beta of 1.13. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.45. The company had revenue of $41.93 billion for the quarter, compared to analysts’ expectations of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. As a group, analysts predict that JPMorgan Chase & Co. will post 16.21 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were issued a $1.15 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a yield of 2.28%. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on JPM. Oppenheimer decreased their price target on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research note on Monday, April 15th. BMO Capital Markets dropped their price target on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research report on Monday, April 15th. Morgan Stanley decreased their price objective on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $185.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $192.05.

Check Out Our Latest Stock Report on JPM

Insiders Place Their Bets

In other news, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the completion of the sale, the chief executive officer now owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the sale, the chief executive officer now directly owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO James Dimon sold 821,778 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $150,163,493.94. Following the completion of the sale, the chief executive officer now owns 595,316 shares of the company’s stock, valued at approximately $108,782,092.68. The disclosure for this sale can be found here. Insiders have sold a total of 1,078,240 shares of company stock valued at $197,968,219 in the last quarter. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Company Profile

(Free Report)

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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.

Further Reading

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

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