Sentry Investments Corp. boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 12.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,699,080 shares of the financial services provider’s stock after buying an additional 307,500 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.9% of Sentry Investments Corp.’s portfolio, making the stock its 12th largest position. Sentry Investments Corp. owned 0.07% of JPMorgan Chase & Co. worth $159,840,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC purchased a new position in JPMorgan Chase & Co. during the first quarter worth approximately $107,000. Summit Capital Management LLC raised its position in JPMorgan Chase & Co. by 15.0% in the first quarter. Summit Capital Management LLC now owns 3,833 shares of the financial services provider’s stock worth $227,000 after buying an additional 500 shares in the last quarter. Smith & Howard Wealth Management LLC raised its position in JPMorgan Chase & Co. by 6.4% in the first quarter. Smith & Howard Wealth Management LLC now owns 3,846 shares of the financial services provider’s stock worth $228,000 after buying an additional 232 shares in the last quarter. P.R. Herzig & Co. Inc. purchased a new position in JPMorgan Chase & Co. during the first quarter worth approximately $265,000. Finally, Sadoff Investment Management LLC raised its position in JPMorgan Chase & Co. by 3.4% in the first quarter. Sadoff Investment Management LLC now owns 4,674 shares of the financial services provider’s stock worth $277,000 after buying an additional 153 shares in the last quarter.
Shares of JPMorgan Chase & Co. (NYSE:JPM) traded up 0.31% during trading on Wednesday, hitting $64.33. The company had a trading volume of 11,806,756 shares. JPMorgan Chase & Co. has a 12-month low of $50.07 and a 12-month high of $69.45. The stock has a 50-day moving average of $62.59 and a 200 day moving average of $60.72. The stock has a market capitalization of $233.89 billion and a price-to-earnings ratio of 10.90.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, July 31st. Investors of record on Wednesday, July 6th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.98%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.44. The ex-dividend date is Friday, July 1st.
A number of research firms have recently commented on JPM. Jefferies Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Sunday, July 17th. Vetr upgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “strong-buy” rating and set a $64.41 price objective on the stock in a research note on Thursday, April 7th. Bank of America Corp. restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, April 14th. Societe Generale restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 6th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $70.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, May 18th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $71.18.
In other JPMorgan Chase & Co. news, COO Matthew E. Zames sold 3,991 shares of the stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $63.91, for a total value of $255,064.81. Following the completion of the transaction, the chief operating officer now directly owns 282,287 shares in the company, valued at $18,040,962.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gordon Smith sold 23,735 shares of the stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $64.05, for a total value of $1,520,226.75. Following the completion of the transaction, the executive vice president now owns 152,462 shares of the company’s stock, valued at $9,765,191.10. The disclosure for this sale can be found here.
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 serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.
