Comprehensive Portfolio Management LLC boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 24.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,984 shares of the financial services provider’s stock after buying an additional 1,979 shares during the period. Comprehensive Portfolio Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,175,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Personal Wealth Partners bought a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter worth about $28,000. MRA Associates USA LLC bought a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter worth about $30,000. Global Trust Asset Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 2,027.2% during the 2nd quarter. Global Trust Asset Management LLC now owns 5,318 shares of the financial services provider’s stock worth $33,000 after buying an additional 5,068 shares during the period. Titan Capital Management LLC CA bought a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter worth about $35,000. Finally, Vista Private Wealth Partners. LLC bought a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 71.90% of the company’s stock.
Shares of NYSE:JPM traded up $0.38 during trading on Friday, reaching $130.38. The stock had a trading volume of 9,160,446 shares, compared to its average volume of 12,174,789. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.97 and a current ratio of 0.93. JPMorgan Chase & Co. has a 52 week low of $91.11 and a 52 week high of $131.29. The firm’s fifty day moving average is $120.77 and its 200 day moving average is $114.02. The stock has a market cap of $404.92 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 1.81 and a beta of 1.21.
JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, October 15th. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.45 by $0.23. JPMorgan Chase & Co. had a net margin of 24.70% and a return on equity of 14.63%. The company had revenue of $29.34 billion for the quarter, compared to the consensus estimate of $28.36 billion. During the same quarter in the previous year, the company earned $2.34 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, research analysts forecast that JPMorgan Chase & Co. will post 10.17 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were issued a dividend of $0.90 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $3.60 annualized dividend and a yield of 2.76%. JPMorgan Chase & Co.’s dividend payout ratio is presently 40.00%.
Several analysts recently commented on JPM shares. Robert W. Baird lifted their target price on shares of JPMorgan Chase & Co. from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Goldman Sachs Group reiterated a “neutral” rating and issued a $117.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, July 22nd. Buckingham Research cut shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $122.00 price objective for the company. in a research note on Monday, September 16th. They noted that the move was a valuation call. BMO Capital Markets lifted their price objective on shares of JPMorgan Chase & Co. to $126.00 in a research note on Wednesday, October 16th. Finally, Wells Fargo & Co set a $125.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Friday, August 16th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. JPMorgan Chase & Co. presently has an average rating of “Hold” and an average target price of $123.02.
In related news, insider Nicole Giles sold 863 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $126.73, for a total transaction of $109,367.99. Following the completion of the transaction, the insider now owns 8,949 shares in the company, valued at $1,134,106.77. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gordon Smith sold 83,289 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $119.98, for a total transaction of $9,993,014.22. Following the transaction, the chief executive officer now owns 393,197 shares of the company’s stock, valued at approximately $47,175,776.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 152,944 shares of company stock worth $19,088,970. Corporate insiders own 0.76% of the company’s stock.
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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.
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