JPMorgan Chase & Co. (JPM) Shares Bought by Cypress Capital Management LLC

Cypress Capital Management LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 132.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,150 shares of the financial services provider’s stock after buying an additional 6,915 shares during the period. Cypress Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,048,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of JPM. FMR LLC increased its position in JPMorgan Chase & Co. by 19.4% in the fourth quarter. FMR LLC now owns 96,587,143 shares of the financial services provider’s stock worth $8,334,505,000 after buying an additional 15,715,835 shares during the last quarter. State Street Corp increased its position in JPMorgan Chase & Co. by 7.5% in the fourth quarter. State Street Corp now owns 169,177,566 shares of the financial services provider’s stock worth $14,598,334,000 after buying an additional 11,844,085 shares during the last quarter. Russell Investments Group Ltd. bought a new position in JPMorgan Chase & Co. during the fourth quarter worth about $654,210,000. Standard Life Investments LTD increased its position in JPMorgan Chase & Co. by 31.8% in the third quarter. Standard Life Investments LTD now owns 8,151,428 shares of the financial services provider’s stock worth $542,763,000 after buying an additional 1,965,144 shares during the last quarter. Finally, State Treasurer State of Michigan increased its position in JPMorgan Chase & Co. by 66.1% in the third quarter. State Treasurer State of Michigan now owns 4,550,240 shares of the financial services provider’s stock worth $303,000,000 after buying an additional 1,810,200 shares during the last quarter. 73.65% of the stock is currently owned by institutional investors.

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

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded down 0.99% during midday trading on Friday, reaching $84.70. 14,858,154 shares of the company were exchanged. The company has a 50 day moving average price of $88.46 and a 200-day moving average price of $82.54. The stock has a market capitalization of $300.92 billion, a P/E ratio of 13.04 and a beta of 1.49. JPMorgan Chase & Co. has a 12-month low of $57.05 and a 12-month high of $93.98. JPMorgan Chase & Co. also was the recipient of some unusual options trading on Wednesday. Traders purchased 7,306 put options on the stock. This represents an increase of approximately 125% compared to the average volume of 3,243 put options.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Thursday, April 13th. The financial services provider reported $1.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.13. The firm had revenue of $25.59 billion for the quarter, compared to the consensus estimate of $24.40 billion. JPMorgan Chase & Co. had a return on equity of 10.91% and a net margin of 23.45%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.35 EPS. On average, analysts forecast that JPMorgan Chase & Co. will post $6.58 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 30th. Investors of record on Thursday, April 6th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Tuesday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.48. JPMorgan Chase & Co.’s payout ratio is currently 31.02%.

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Several research firms have weighed in on JPM. Instinet restated a “hold” rating and set a $65.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, January 11th. Daiwa Capital Markets upgraded shares of JPMorgan Chase & Co. from a “hold” rating to an “outperform” rating in a report on Tuesday, February 7th. Vetr upgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “strong-buy” rating and set a $97.82 price objective on the stock in a report on Wednesday, April 12th. CLSA restated a “buy” rating and set a $79.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, January 11th. Finally, Jefferies Group LLC restated a “buy” rating and set a $94.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, March 8th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. JPMorgan Chase & Co. currently has a consensus rating of “Buy” and a consensus target price of $79.03.

In other news, COO Matthew E. Zames sold 3,405 shares of the company’s stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $85.06, for a total transaction of $289,629.30. Following the completion of the transaction, the chief operating officer now directly owns 329,019 shares of the company’s stock, valued at approximately $27,986,356.14. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James S. Crown acquired 11,500 shares of the stock in a transaction dated Wednesday, April 19th. The shares were acquired at an average cost of $85.48 per share, with a total value of $983,020.00. Following the completion of the transaction, the director now owns 299,862 shares in the company, valued at approximately $25,632,203.76. The disclosure for this purchase can be found here. 0.85% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

5 Day Chart for NYSE:JPM

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