Pacer Advisors Inc. Boosts Stake in JPMorgan Chase & Co. (JPM)
Pacer Advisors Inc. grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,872 shares of the financial services provider’s stock after acquiring an additional 8,475 shares during the period. JPMorgan Chase & Co. comprises about 0.8% of Pacer Advisors Inc.’s holdings, making the stock its 11th biggest position. Pacer Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $8,965,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of JPM. Private Vista LLC purchased a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth approximately $102,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth approximately $102,000. Welch Investments LLC purchased a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth approximately $103,000. Legacy Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth approximately $106,000. Finally, Atlantic Trust LLC purchased a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth approximately $136,000. Institutional investors own 73.82% of the company’s stock.
In other news, insider Ashley Bacon sold 16,434 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the completion of the sale, the insider now directly owns 98,811 shares of the company’s stock, valued at approximately $11,088,570.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James S. Crown acquired 7,280 shares of the stock in a transaction dated Thursday, January 18th. The shares were bought at an average cost of $113.37 per share, with a total value of $825,333.60. Following the completion of the purchase, the director now directly owns 305,875 shares in the company, valued at $34,677,048.75. The disclosure for this purchase can be found here. Insiders have sold a total of 152,047 shares of company stock valued at $17,098,115 over the last three months. Corporate insiders own 0.88% of the company’s stock.
Shares of JPMorgan Chase & Co. (NYSE JPM) opened at $110.04 on Friday. JPMorgan Chase & Co. has a 12 month low of $81.64 and a 12 month high of $117.35. The stock has a market cap of $381,808.66, a price-to-earnings ratio of 15.74, a PEG ratio of 1.86 and a beta of 1.23. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24.
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The company had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. During the same period in the previous year, the company earned $1.71 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. sell-side analysts predict that JPMorgan Chase & Co. will post 8.85 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $2.24 annualized dividend and a dividend yield of 2.04%. JPMorgan Chase & Co.’s dividend payout ratio is presently 35.56%.
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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.
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