Bleakley Financial Group LLC raised its stake in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 1.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,063 shares of the financial services provider’s stock after buying an additional 1,173 shares during the period. Bleakley Financial Group LLC’s holdings in JPMorgan Chase & Co. were worth $17,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also added to or reduced their stakes in the company. Trust Co of the South lifted its stake in JPMorgan Chase & Co. by 1.1% in the first quarter. Trust Co of the South now owns 4,946 shares of the financial services provider’s stock worth $991,000 after acquiring an additional 53 shares during the last quarter. Inspire Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 2.6% during the 1st quarter. Inspire Advisors LLC now owns 2,103 shares of the financial services provider’s stock worth $421,000 after buying an additional 54 shares during the last quarter. PFW Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 1.1% during the 1st quarter. PFW Advisors LLC now owns 5,232 shares of the financial services provider’s stock worth $1,048,000 after acquiring an additional 55 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. increased its holdings in shares of JPMorgan Chase & Co. by 2.0% in the 1st quarter. Murphy Middleton Hinkle & Parker Inc. now owns 2,837 shares of the financial services provider’s stock valued at $568,000 after acquiring an additional 55 shares during the last quarter. Finally, KFG Wealth Management LLC raised its position in shares of JPMorgan Chase & Co. by 3.6% during the 1st quarter. KFG Wealth Management LLC now owns 1,594 shares of the financial services provider’s stock worth $319,000 after acquiring an additional 56 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
JPM has been the topic of a number of research analyst reports. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Wells Fargo & Company boosted their price target on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Evercore ISI raised their price objective on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Barclays lifted their target price on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Finally, Morgan Stanley upped their target price on JPMorgan Chase & Co. from $214.00 to $221.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.89.
View Our Latest Stock Analysis on JPMorgan Chase & Co.
Insiders Place Their Bets
In related news, insider Elena A. Korablina sold 21,829 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $190.91, for a total value of $4,167,374.39. Following the completion of the sale, the insider now owns 6,484 shares in the company, valued at $1,237,860.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Elena A. Korablina sold 21,829 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $190.91, for a total value of $4,167,374.39. Following the completion of the transaction, the insider now directly owns 6,484 shares of the company’s stock, valued at approximately $1,237,860.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total value of $984,853.04. Following the sale, the insider now owns 217,351 shares in the company, valued at $42,087,847.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,343 shares of company stock worth $14,137,789. Corporate insiders own 0.79% of the company’s stock.
JPMorgan Chase & Co. Price Performance
Shares of NYSE:JPM opened at $209.84 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. The company has a 50-day moving average price of $201.57 and a 200 day moving average price of $190.28. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $217.56. The company has a market cap of $602.59 billion, a P/E ratio of 11.70, a PEG ratio of 2.46 and a beta of 1.12.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, beating the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The business had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. During the same period last year, the firm earned $4.37 EPS. Research analysts predict that JPMorgan Chase & Co. will post 16.67 earnings per share for the current year.
JPMorgan Chase & Co. Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.66%.
About JPMorgan Chase & Co.
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; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.
Featured Articles
Receive News & Ratings for JPMorgan Chase & Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com’s FREE daily email newsletter.
