Praxis Capital Management LLC Invests $1.05 Million in JPMorgan Chase & Co. $JPM

Praxis Capital Management LLC bought a new stake in JPMorgan Chase & Co. (NYSE:JPM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,248 shares of the financial services provider’s stock, valued at approximately $1,047,000. JPMorgan Chase & Co. comprises approximately 3.7% of Praxis Capital Management LLC’s investment portfolio, making the stock its 4th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC raised its stake in JPMorgan Chase & Co. by 0.7% in the 4th quarter. Frazier Financial Advisors LLC now owns 6,375 shares of the financial services provider’s stock valued at $2,054,000 after purchasing an additional 44 shares during the last quarter. North Star Asset Management Inc. grew its holdings in shares of JPMorgan Chase & Co. by 3.6% during the 4th quarter. North Star Asset Management Inc. now owns 81,102 shares of the financial services provider’s stock worth $26,133,000 after purchasing an additional 2,816 shares during the period. Hartline Investment Corp boosted its holdings in JPMorgan Chase & Co. by 3.2% in the 4th quarter. Hartline Investment Corp now owns 14,320 shares of the financial services provider’s stock worth $4,614,000 after acquiring an additional 444 shares during the period. Beck Bode LLC boosted its holdings in JPMorgan Chase & Co. by 3.0% in the 4th quarter. Beck Bode LLC now owns 48,016 shares of the financial services provider’s stock worth $15,472,000 after acquiring an additional 1,399 shares during the period. Finally, Coldstream Capital Management Inc. boosted its holdings in JPMorgan Chase & Co. by 1.3% in the 4th quarter. Coldstream Capital Management Inc. now owns 100,526 shares of the financial services provider’s stock worth $32,392,000 after acquiring an additional 1,301 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. News Roundup

Here are the key news stories impacting JPMorgan Chase & Co. this week:

Insiders Place Their Bets

In related news, COO Jennifer Piepszak sold 9,136 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $306.56, for a total transaction of $2,800,732.16. Following the completion of the transaction, the chief operating officer owned 90,001 shares of the company’s stock, valued at $27,590,706.56. This trade represents a 9.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robin Leopold sold 433 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $295.06, for a total value of $127,760.98. Following the transaction, the insider directly owned 64,920 shares of the company’s stock, valued at $19,155,295.20. This represents a 0.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 28,589 shares of company stock worth $8,747,496. 0.41% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on JPM shares. UBS Group decreased their price target on JPMorgan Chase & Co. from $380.00 to $375.00 in a report on Wednesday, May 6th. Argus upped their price target on JPMorgan Chase & Co. from $340.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Dbs Bank raised JPMorgan Chase & Co. to a “hold” rating in a research report on Tuesday, May 12th. Zacks Research lowered JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Finally, Evercore upped their target price on JPMorgan Chase & Co. from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Fifteen investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $339.08.

View Our Latest Analysis on JPMorgan Chase & Co.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $296.84 on Tuesday. JPMorgan Chase & Co. has a 1-year low of $260.31 and a 1-year high of $337.25. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.86 and a quick ratio of 0.86. The business’s fifty day moving average price is $302.65 and its two-hundred day moving average price is $306.58. The firm has a market capitalization of $795.38 billion, a PE ratio of 14.22, a P/E/G ratio of 1.46 and a beta of 1.00.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last issued its earnings results on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share for the quarter, topping the consensus estimate of $5.50 by $0.44. JPMorgan Chase & Co. had a return on equity of 17.54% and a net margin of 20.66%.The firm had revenue of $50.54 billion for the quarter, compared to analyst estimates of $48.30 billion. During the same period last year, the company earned $5.07 earnings per share. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, research analysts expect that JPMorgan Chase & Co. will post 22.4 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. JPMorgan Chase & Co.’s dividend payout ratio is presently 28.74%.

JPMorgan Chase & Co. Company Profile

(Free Report)

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

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

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