BNP Paribas Buys Shares of 227,429 JPMorgan Chase & Co. (NYSE:JPM)

BNP Paribas bought a new stake in JPMorgan Chase & Co. (NYSE:JPM) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 227,429 shares of the financial services provider’s stock, valued at approximately $45,092,000. JPMorgan Chase & Co. makes up 2.1% of BNP Paribas’ portfolio, making the stock its 10th largest holding.

Other institutional investors have also recently bought and sold shares of the company. Stone House Investment Management LLC raised its stake in shares of JPMorgan Chase & Co. by 132.8% during the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 89 shares in the last quarter. Retirement Group LLC raised its stake in shares of JPMorgan Chase & Co. by 227.1% during the 1st quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 109 shares in the last quarter. Richardson Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth approximately $34,000. Bare Financial Services Inc bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $35,000. Finally, Partnership Wealth Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $36,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPM opened at $207.43 on Friday. The firm has a market cap of $595.67 billion, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 2.75 and a beta of 1.12. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $210.38. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The business’s fifty day moving average is $199.59 and its 200-day moving average is $188.54.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.45. The company had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. Sell-side analysts expect that JPMorgan Chase & Co. will post 16.47 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.78%.

Insider Transactions at JPMorgan Chase & Co.

In related news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the completion of the sale, the insider now directly owns 212,265 shares in the company, valued at approximately $42,355,358.10. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the completion of the sale, the insider now directly owns 212,265 shares in the company, valued at approximately $42,355,358.10. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Elena A. Korablina sold 21,829 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $190.91, for a total value of $4,167,374.39. Following the sale, the insider now owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 250,565 shares of company stock valued at $46,962,717. 0.79% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Morgan Stanley dropped their price objective on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 21st. Wells Fargo & Company upped their price objective on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. UBS Group increased their price target on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Evercore ISI restated an “outperform” rating and issued a $210.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 3rd. Finally, BMO Capital Markets increased their price target on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research note on Thursday. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $196.58.

JPMorgan Chase & Co. Profile

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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.