Segall Bryant & Hamill LLC Purchases 94,689 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Segall Bryant & Hamill LLC lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 16.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 682,531 shares of the financial services provider’s stock after acquiring an additional 94,689 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.1% of Segall Bryant & Hamill LLC’s portfolio, making the stock its 8th biggest position. Segall Bryant & Hamill LLC’s holdings in JPMorgan Chase & Co. were worth $66,629,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bingham Osborn & Scarborough LLC boosted its stake in JPMorgan Chase & Co. by 8.1% in the third quarter. Bingham Osborn & Scarborough LLC now owns 19,426 shares of the financial services provider’s stock valued at $2,192,000 after acquiring an additional 1,460 shares during the last quarter. Oakwood Capital Management LLC CA boosted its stake in JPMorgan Chase & Co. by 1.0% in the third quarter. Oakwood Capital Management LLC CA now owns 96,454 shares of the financial services provider’s stock valued at $10,884,000 after acquiring an additional 965 shares during the last quarter. First Long Island Investors LLC boosted its stake in JPMorgan Chase & Co. by 36.2% in the third quarter. First Long Island Investors LLC now owns 74,658 shares of the financial services provider’s stock valued at $8,424,000 after acquiring an additional 19,834 shares during the last quarter. Bank of The West boosted its stake in JPMorgan Chase & Co. by 8.0% in the third quarter. Bank of The West now owns 84,370 shares of the financial services provider’s stock valued at $9,520,000 after acquiring an additional 6,238 shares during the last quarter. Finally, PDS Planning Inc boosted its stake in JPMorgan Chase & Co. by 12.4% in the third quarter. PDS Planning Inc now owns 10,870 shares of the financial services provider’s stock valued at $1,227,000 after acquiring an additional 1,197 shares during the last quarter. 71.46% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Douglas B. Petno sold 18,303 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $109.74, for a total transaction of $2,008,571.22. Following the sale, the chief executive officer now directly owns 259,386 shares in the company, valued at $28,465,019.64. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mellody L. Hobson acquired 1,700 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were bought at an average price of $114.26 per share, for a total transaction of $194,242.00. Following the completion of the acquisition, the director now owns 7,485 shares of the company’s stock, valued at $855,236.10. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 157,573 shares of company stock worth $17,293,454. Company insiders own 0.76% of the company’s stock.

JPM opened at $109.54 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $354.47 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 1.56 and a beta of 1.18. JPMorgan Chase & Co. has a twelve month low of $91.11 and a twelve month high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, April 12th. The financial services provider reported $2.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.33. The company had revenue of $29.12 billion for the quarter, compared to analyst estimates of $27.95 billion. JPMorgan Chase & Co. had a net margin of 24.28% and a return on equity of 14.23%. During the same period last year, the business posted $2.37 earnings per share. Research analysts predict that JPMorgan Chase & Co. will post 10.02 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $3.20 annualized dividend and a yield of 2.92%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.56%.

A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. Morgan Stanley raised their price objective on shares of JPMorgan Chase & Co. from $124.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. BMO Capital Markets raised their price objective on shares of JPMorgan Chase & Co. from $116.00 to $118.00 and gave the company a “market perform” rating in a research note on Monday, April 15th. Barclays reaffirmed a “buy” rating and issued a $140.00 price objective on shares of JPMorgan Chase & Co. in a research note on Thursday, February 21st. Finally, Credit Suisse Group raised their price objective on shares of JPMorgan Chase & Co. from $128.00 to $132.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Eleven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. JPMorgan Chase & Co. presently has an average rating of “Hold” and an average target price of $123.85.

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

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