WFA of San Diego LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 70.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,264 shares of the financial services provider’s stock after acquiring an additional 523 shares during the quarter. WFA of San Diego LLC’s holdings in JPMorgan Chase & Co. were worth $183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently bought and sold shares of JPM. OFI Invest Asset Management grew its holdings in JPMorgan Chase & Co. by 5.8% during the third quarter. OFI Invest Asset Management now owns 449,527 shares of the financial services provider’s stock worth $61,573,000 after acquiring an additional 24,575 shares during the period. Diversified LLC raised its holdings in shares of JPMorgan Chase & Co. by 10.9% in the 3rd quarter. Diversified LLC now owns 8,345 shares of the financial services provider’s stock valued at $1,210,000 after buying an additional 820 shares during the period. ML & R Wealth Management LLC grew its stake in JPMorgan Chase & Co. by 13.9% during the 3rd quarter. ML & R Wealth Management LLC now owns 3,957 shares of the financial services provider’s stock worth $574,000 after purchasing an additional 482 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in shares of JPMorgan Chase & Co. by 27.3% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 3,986 shares of the financial services provider’s stock valued at $578,000 after purchasing an additional 855 shares during the period. Finally, Todd Asset Management LLC boosted its position in shares of JPMorgan Chase & Co. by 25.6% in the 3rd quarter. Todd Asset Management LLC now owns 249,993 shares of the financial services provider’s stock valued at $36,254,000 after purchasing an additional 50,884 shares during the period. Hedge funds and other institutional investors own 68.94% of the company’s stock.
Analysts Set New Price Targets
JPM has been the topic of several analyst reports. Morgan Stanley raised their price objective on JPMorgan Chase & Co. from $187.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 16th. Evercore ISI boosted their price objective on JPMorgan Chase & Co. from $158.00 to $167.00 in a research report on Thursday, October 5th. BMO Capital Markets boosted their target price on shares of JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a research note on Tuesday, January 16th. Jefferies Financial Group decreased their price objective on shares of JPMorgan Chase & Co. from $176.00 to $169.00 in a report on Tuesday, October 10th. Finally, Oppenheimer cut their target price on shares of JPMorgan Chase & Co. from $234.00 to $232.00 and set an “outperform” rating for the company in a research report on Tuesday, January 16th. Eight investment 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, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus target price of $177.21.
Check Out Our Latest Analysis on JPM
JPMorgan Chase & Co. Price Performance
Shares of JPMorgan Chase & Co. stock traded down $0.66 during trading hours on Friday, hitting $172.28. The company’s stock had a trading volume of 7,442,955 shares, compared to its average volume of 10,066,694. JPMorgan Chase & Co. has a 12-month low of $123.11 and a 12-month high of $176.31. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.90 and a current ratio of 0.91. The business has a 50 day moving average price of $164.53 and a two-hundred day moving average price of $153.77. The company has a market cap of $495.59 billion, a PE ratio of 10.62, a PEG ratio of 2.20 and a beta of 1.13.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing the consensus estimate of $3.73 by ($0.69). The firm had revenue of $38.57 billion for the quarter, compared to analysts’ expectations of $39.73 billion. JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. JPMorgan Chase & Co.’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the firm posted $3.57 earnings per share. Analysts expect that JPMorgan Chase & Co. will post 15.74 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Thursday, January 4th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.89%.
Insiders Place Their Bets
In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total value of $561,546.64. Following the transaction, the insider now owns 205,461 shares in the company, valued at approximately $34,256,512.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Marianne Lake sold 32,243 shares of JPMorgan Chase & Co. stock in a transaction on 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 approximately $21,113,920. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Ashley Bacon sold 3,368 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.73, for a total value of $561,546.64. Following the transaction, the insider now directly owns 205,461 shares of the company’s stock, valued at approximately $34,256,512.53. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,072 shares of company stock worth $6,297,103. Insiders own 0.79% of the company’s stock.
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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