Marshall Wace LLP Buys New Stake in JPMorgan Chase & Co. (JPM)

Marshall Wace LLP acquired a new position in JPMorgan Chase & Co. (NYSE:JPM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 362,040 shares of the financial services provider’s stock, valued at approximately $31,240,000.

A number of other large investors have also recently added to or reduced their stakes in JPM. Hemenway Trust Co LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter worth $146,000. CT Financial Advisors LLC increased its stake in JPMorgan Chase & Co. by 4.2% in the third quarter. CT Financial Advisors LLC now owns 2,187 shares of the financial services provider’s stock worth $146,000 after buying an additional 89 shares during the period. Timber Creek Capital Management LLC increased its stake in JPMorgan Chase & Co. by 82.2% in the third quarter. Timber Creek Capital Management LLC now owns 2,217 shares of the financial services provider’s stock worth $147,000 after buying an additional 1,000 shares during the period. Mascoma Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter worth $204,000. Finally, Fairview Capital Investment Management LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter worth $208,000. Hedge funds and other institutional investors own 73.65% of the company’s stock.

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

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded down 1.20% on Friday, reaching $84.52. 20,777,852 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $88.46 and its 200 day moving average price is $82.54. The company has a market cap of $300.28 billion, a price-to-earnings ratio of 13.01 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 unusually large options trading activity on Wednesday. Investors acquired 7,306 put options on the company. This represents an increase of 125% compared to the typical volume of 3,243 put options.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Thursday, April 13th. The financial services provider reported $1.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.13. The firm earned $25.59 billion during the quarter, compared to analyst estimates of $24.40 billion. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 10.91%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.35 EPS. Equities research analysts predict that JPMorgan Chase & Co. will post $6.58 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, April 30th. Investors of record on Thursday, April 6th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.37%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, April 4th. JPMorgan Chase & Co.’s payout ratio is presently 31.02%.

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A number of research firms have weighed in on JPM. Nomura reiterated a “neutral” rating and set a $83.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $47.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday, April 14th. Sandler O’Neill reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 11th. Goldman Sachs Group Inc set a $89.00 price objective on JPMorgan Chase & Co. and gave the company a “hold” rating in a research report on Wednesday, January 11th. Finally, CLSA reiterated a “buy” rating and set a $79.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 11th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $79.03.

In related news, General Counsel Stacey Friedman sold 10,792 shares of the company’s stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $85.07, for a total value of $918,075.44. Following the transaction, the general counsel now owns 63,344 shares in the company, valued at approximately $5,388,674.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Matthew E. Zames sold 3,405 shares of the company’s stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $85.06, for a total transaction of $289,629.30. Following the transaction, the chief operating officer now owns 329,019 shares in the company, valued at approximately $27,986,356.14. The disclosure for this sale can be found here. 0.85% of the stock is 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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