Oldfather Financial Services LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,812 shares of the financial services provider’s stock after selling 210 shares during the period. Oldfather Financial Services LLC’s holdings in JPMorgan Chase & Co. were worth $843,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Atlas Private Wealth Management lifted its holdings in shares of JPMorgan Chase & Co. by 11.7% during the 2nd quarter. Atlas Private Wealth Management now owns 27,106 shares of the financial services provider’s stock worth $3,942,000 after acquiring an additional 2,834 shares during the period. Valicenti Advisory Services Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 2.9% during the 3rd quarter. Valicenti Advisory Services Inc. now owns 79,891 shares of the financial services provider’s stock worth $11,586,000 after acquiring an additional 2,220 shares during the period. Hilltop Holdings Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 4.4% during the 2nd quarter. Hilltop Holdings Inc. now owns 34,079 shares of the financial services provider’s stock worth $4,956,000 after acquiring an additional 1,439 shares during the period. Checchi Capital Advisers LLC increased its position in JPMorgan Chase & Co. by 4.4% during the 2nd quarter. Checchi Capital Advisers LLC now owns 39,447 shares of the financial services provider’s stock worth $5,737,000 after purchasing an additional 1,652 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in JPMorgan Chase & Co. by 14.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 50,991 shares of the financial services provider’s stock worth $7,416,000 after purchasing an additional 6,264 shares in the last quarter. 68.94% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their target price for the stock from $140.00 to $190.00 in a research report on Tuesday, January 9th. Barclays increased their target price on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. BMO Capital Markets increased their target price on shares of JPMorgan Chase & Co. from $167.00 to $171.00 and gave the stock a “market perform” rating in a research report on Monday, October 16th. Bank of America increased their target price on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, January 4th. Finally, StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $175.00.
Check Out Our Latest Research Report on JPM
Insider Buying and Selling
In related news, CEO Marianne Lake sold 32,243 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $160.00, for a total value of $5,158,880.00. Following the completion of the sale, the chief executive officer now owns 131,962 shares of the company’s stock, valued at $21,113,920. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.79% of the company’s stock.
JPMorgan Chase & Co. Stock Performance
Shares of JPM opened at $169.05 on Friday. JPMorgan Chase & Co. has a 1 year low of $123.11 and a 1 year high of $176.31. The company has a market cap of $488.73 billion, a price-to-earnings ratio of 10.09, a price-to-earnings-growth ratio of 2.18 and a beta of 1.13. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a fifty day moving average of $160.03 and a 200-day moving average of $152.05.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last announced its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.73 by ($0.69). JPMorgan Chase & Co. had a net margin of 22.79% and a return on equity of 17.97%. The firm had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. During the same period last year, the firm posted $3.57 EPS. The business’s revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 16.61 earnings per share for the current year.
JPMorgan Chase & Co. Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Thursday, January 4th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is currently 25.07%.
JPMorgan Chase & Co. Company 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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.
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