Arlington Partners LLC Has $61,000 Stock Position in JPMorgan Chase & Co. (NYSE:JPM)


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Arlington Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 21.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 480 shares of the financial services provider’s stock after purchasing an additional 85 shares during the period. Arlington Partners LLC’s holdings in JPMorgan Chase & Co. were worth $61,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Pacifica Partners Inc. boosted its holdings in JPMorgan Chase & Co. by 12.4% in the fourth quarter. Pacifica Partners Inc. now owns 19,140 shares of the financial services provider’s stock valued at $2,400,000 after acquiring an additional 2,118 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of JPMorgan Chase & Co. by 58.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,546,922 shares of the financial services provider’s stock worth $437,636,000 after purchasing an additional 1,685,017 shares during the period. IBM Retirement Fund lifted its position in shares of JPMorgan Chase & Co. by 36.7% in the 3rd quarter. IBM Retirement Fund now owns 103,214 shares of the financial services provider’s stock worth $9,936,000 after purchasing an additional 27,691 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of JPMorgan Chase & Co. by 22.2% in the 4th quarter. Louisiana State Employees Retirement System now owns 189,200 shares of the financial services provider’s stock valued at $24,042,000 after purchasing an additional 34,400 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in shares of JPMorgan Chase & Co. by 1.4% during the third quarter. Handelsbanken Fonder AB now owns 710,299 shares of the financial services provider’s stock worth $68,380,000 after buying an additional 9,494 shares during the period. Institutional investors and hedge funds own 62.92% of the company’s stock.

In other news, CFO Jennifer Piepszak sold 3,297 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $101.11, for a total value of $333,359.67. Also, EVP Marianne Lake sold 15,808 shares of the stock in a transaction that occurred on Tuesday, November 24th. The shares were sold at an average price of $120.01, for a total value of $1,897,118.08. In the last quarter, insiders sold 21,386 shares of company stock valued at $2,460,813. Company insiders own 0.78% of the company’s stock.

JPM has been the topic of a number of research analyst reports. Daiwa Capital Markets started coverage on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 6th. They set an “outperform” rating and a $139.00 price target on the stock. Barclays upped their target price on JPMorgan Chase & Co. from $144.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, January 4th. BMO Capital Markets lifted their target price on JPMorgan Chase & Co. from $117.00 to $119.00 and gave the stock a “market perform” rating in a report on Wednesday, October 14th. Jefferies Financial Group raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price target for the company from $110.00 to $152.00 in a research note on Thursday, January 7th. Finally, Credit Suisse Group raised their price objective on shares of JPMorgan Chase & Co. from $126.00 to $142.00 and gave the stock an “outperform” rating in a research report on Friday, December 11th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $121.51.

Shares of JPMorgan Chase & Co. stock opened at $140.35 on Thursday. The company has a market cap of $427.82 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 3.20 and a beta of 1.22. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.16. JPMorgan Chase & Co. has a 52 week low of $76.91 and a 52 week high of $141.66. The business has a 50 day moving average price of $124.63 and a 200-day moving average price of $106.64.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Monday, October 19th. The financial services provider reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.69. JPMorgan Chase & Co. had a return on equity of 10.85% and a net margin of 19.16%. The business had revenue of $29.90 billion during the quarter, compared to analyst estimates of $28.20 billion. During the same period in the prior year, the firm posted $2.68 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 7.48 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, January 31st. Stockholders of record on Wednesday, January 6th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Tuesday, January 5th. This represents a $3.60 annualized dividend and a dividend yield of 2.57%. JPMorgan Chase & Co.’s payout ratio is 34.35%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in 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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