JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Old North State Trust LLC
Old North State Trust LLC increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,116 shares of the financial services provider’s stock after purchasing an additional 120 shares during the quarter. Old North State Trust LLC’s holdings in JPMorgan Chase & Co. were worth $575,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Carnegie Capital Asset Management LLC raised its holdings in JPMorgan Chase & Co. by 3.5% in the 4th quarter. Carnegie Capital Asset Management LLC now owns 272,305 shares of the financial services provider’s stock worth $37,959,000 after purchasing an additional 9,105 shares during the period. FSA Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $299,000. Northstar Wealth Partners LLC raised its holdings in shares of JPMorgan Chase & Co. by 15.1% during the fourth quarter. Northstar Wealth Partners LLC now owns 16,470 shares of the financial services provider’s stock valued at $1,960,000 after acquiring an additional 2,162 shares during the last quarter. CA Family Wealth LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $761,000. Finally, Capital International Investors raised its holdings in shares of JPMorgan Chase & Co. by 3.9% during the fourth quarter. Capital International Investors now owns 27,366,319 shares of the financial services provider’s stock valued at $3,814,863,000 after acquiring an additional 1,029,205 shares during the last quarter. 71.57% of the stock is owned by institutional investors.
In other news, insider Ashley Bacon sold 13,027 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $91.12, for a total transaction of $1,187,020.24. Following the completion of the transaction, the insider now directly owns 137,243 shares in the company, valued at $12,505,582.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Stephen B. Burke purchased 75,000 shares of the stock in a transaction dated Thursday, April 16th. The shares were purchased at an average price of $87.99 per share, with a total value of $6,599,250.00. Following the completion of the transaction, the director now owns 150,043 shares of the company’s stock, valued at $13,202,283.57. The disclosure for this purchase can be found here. Company insiders own 0.78% of the company’s stock.
JPMorgan Chase & Co. stock traded up $3.42 during mid-day trading on Friday, hitting $94.70. The company’s stock had a trading volume of 13,747,686 shares, compared to its average volume of 22,377,682. The firm has a market capitalization of $284.29 billion, a PE ratio of 10.31, a price-to-earnings-growth ratio of 3.62 and a beta of 1.19. JPMorgan Chase & Co. has a 1 year low of $76.91 and a 1 year high of $141.10. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.29. The stock’s fifty day moving average is $97.78 and its two-hundred day moving average is $109.93.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $2.70 by ($1.92). JPMorgan Chase & Co. had a return on equity of 12.52% and a net margin of 21.61%. The business had revenue of $28.25 billion during the quarter, compared to analysts’ expectations of $29.45 billion. During the same quarter in the previous year, the company posted $2.65 earnings per share. The company’s revenue was down 3.0% on a year-over-year basis. On average, equities analysts expect that JPMorgan Chase & Co. will post 5.16 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $3.60 annualized dividend and a dividend yield of 3.80%. JPMorgan Chase & Co.’s dividend payout ratio is currently 34.35%.
About JPMorgan Chase & Co.
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through 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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