Walter Public Investments Inc. Takes $14.31 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Walter Public Investments Inc. bought a new stake in JPMorgan Chase & Co. (NYSE:JPM) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 58,324 shares of the financial services provider’s stock, valued at approximately $14,307,000. JPMorgan Chase & Co. comprises 2.7% of Walter Public Investments Inc.’s investment portfolio, making the stock its 19th largest position.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Brown Financial Advisory acquired a new position in JPMorgan Chase & Co. in the 1st quarter valued at about $225,000. Investment Partners LTD. increased its position in JPMorgan Chase & Co. by 3.0% in the 1st quarter. Investment Partners LTD. now owns 19,988 shares of the financial services provider’s stock valued at $4,903,000 after acquiring an additional 573 shares during the period. Consolidated Capital Management LLC acquired a new position in JPMorgan Chase & Co. in the 1st quarter valued at about $5,172,000. Ninety One UK Ltd increased its position in JPMorgan Chase & Co. by 4.5% in the 1st quarter. Ninety One UK Ltd now owns 2,019,280 shares of the financial services provider’s stock valued at $495,329,000 after acquiring an additional 86,663 shares during the period. Finally, China Universal Asset Management Co. Ltd. increased its position in JPMorgan Chase & Co. by 11.1% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 15,648 shares of the financial services provider’s stock valued at $3,838,000 after acquiring an additional 1,561 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, CFO Jeremy Barnum sold 40,014 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the transaction, the chief financial officer owned 18,017 shares of the company’s stock, valued at $4,518,123.09. This represents a 68.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Stacey Friedman sold 6,608 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total value of $1,755,811.68. Following the transaction, the general counsel directly owned 36,520 shares in the company, valued at approximately $9,703,729.20. This represents a 15.32% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,200 shares of company stock worth $18,060,015. 0.47% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

JPM has been the topic of several recent research reports. HSBC restated a “reduce” rating and issued a $259.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 8th. Keefe, Bruyette & Woods upgraded JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $327.00 target price on the stock in a research report on Wednesday, July 9th. Hsbc Global Res cut JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 8th. Robert W. Baird lowered JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $235.00 price target on the stock. in a research note on Friday, June 27th. Finally, Citigroup set a $275.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Monday, July 7th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Hold” and an average target price of $284.42.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $286.78 on Monday. JPMorgan Chase & Co. has a 1 year low of $190.90 and a 1 year high of $296.40. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 0.89. The stock’s 50 day moving average price is $270.98 and its 200 day moving average price is $256.48. The firm has a market cap of $796.99 billion, a P/E ratio of 14.08, a PEG ratio of 2.62 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The firm had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. During the same quarter in the prior year, the company earned $4.44 EPS. JPMorgan Chase & Co.’s revenue was up 8.0% on a year-over-year basis. On average, sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be paid a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.49%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.