Wipfli Financial Advisors LLC bought a new position in JPMorgan Chase & Co. (NYSE: JPM ) during the first quarter, according to its most recent SEC disclosure. The firm purchased 2,050 shares of the financial services provider’s stock, valued at approximately $279,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. State Street Corp increased its stake in shares of JPMorgan Chase & Co. by 1.6% in the fourth quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock valued at $22,441,376,000 after acquiring an additional 2,277,065 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of JPMorgan Chase & Co. in the first quarter. by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 47,806,506 shares of the financial services provider’s stock valued at $7,548,705,000 after purchasing an additional 687,571 shares during the period. Norges Bank bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth $4,092,843,000. Charles Schwab Investment Management Inc. increased its holdings in shares of JPMorgan Chase & Co. by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 17,802,465 shares of the financial services provider’s stock valued at $2,819,021,000 after buying an additional 273,693 shares during the period. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.4% in the 4th quarter. Parametric Portfolio Associates LLC now owns 11,276,722 shares of the financial services provider’s stock worth $1,785,669,000 after purchasing an additional 160,698 shares during the period. 70.35% of the shares are owned by institutional investors and hedge funds.
Shares of JPM stock opened at $114.36 on Monday. The stock has a 50-day simple moving average of $120.53 and a 200-day simple moving average of $135.81. The company has a debt-to-equity ratio of 1.16, a quick earnings ratio of 0.82, and a current ratio of 0.82. The stock has a market cap of $335.88 billion, a PE ratio of 8.48, a PEG ratio of 2.04 and a beta of 1.15. JPMorgan Chase & Co. has a 1-year low of $109.30 and a 1-year high of $172.96.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating ) last announced its quarterly earnings data on Wednesday, April 13th. The financial services provider reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.73 by ($0.10). The company had revenue of $30.72 billion during the quarter, compared to analysts’ expectations of $30.53 billion. JPMorgan Chase & Co. had a net margin of 33.61% and a return on equity of 16.58%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business reported $4.50 EPS. Analysts predict that JPMorgan Chase & Co. will post 11.23 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th will be paid a $1.00 dividend. This represents a $4.00 annual dividend and a dividend yield of 3.50%. The ex-dividend date is Tuesday, July 5th. The payout ratio of JPMorgan Chase & Co. it is currently 29.67%.
In other news, insider Ashley Bacon sold 21,012 shares of the firm’s stock in a transaction dated Tuesday, April 19th. The shares were sold at an average price of $130.04, for a total transaction of $2,732,400.48. Following the sale, the insider now owns 178,588 shares of the company’s stock, valued at approximately $23,223,583.52. The sale was disclosed in a filing with the Securities and Exchange Commission, which is available via this hyperlink. Also, CEO Jennifer Pipsack sold 4,668 shares of the firm’s stock in a transaction dated Thursday, April 14th. Shares were sold at an average price of $126.19, for a total value of $589,054.92. Following the sale, the chief executive officer now directly owns 11,135 shares in the company, valued at approximately $1,405,125.65. Disclosure of this sale can be found here. Company insiders own 0.79% of the company’s shares.
A number of research firms recently weighed in on JPM. Societe Generale upgraded JPMorgan Chase & Co.’s rating. from a “hold” rating to a “buy” rating and boosted their target price for the stock from $145.00 to $150.00 in a report on Tuesday, May 24th. Oppenheimer raised JPMorgan Chase & Co.’s rating. from a “market perform” rating to an “outperform” rating and set a $167.00 target price for the company in a report on Tuesday, May 3rd. Jefferies Financial Group raised its price target on JPMorgan Chase & Co. from $125.00 to $137.00 in a report on Tuesday, May 24th. Morgan Stanley lowered its price target on JPMorgan Chase & Co. from $152.00 to $149.00 and set an “underweight” rating for the company in a report on Friday, June 24th. Finally, Wells Fargo & Company decreased their target price on JPMorgan Chase & Co. from $150.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, July 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $159.33, according to MarketBeat.com.
Profile of JPMorgan Chase & Co (Get Rating)
JPMorgan Chase & Co operates as a financial services company worldwide. It operates in four segments: Consumer and Community Banking (CCB), Corporate and Investment Banking (CIB), Commercial Banking (CB) and Asset and Wealth Management (AWM). The CCB segment offers deposit, investment and credit products, payments and consumer services; lending, deposit and cash management and payment solutions for small businesses; mortgage issuing and servicing activities; residential mortgages and residential loans; and credit cards, auto loans and leasing services.
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