HighTower Trust Services LTA has increased its stake in the shares of JPMorgan Chase & Co. (NYSE:JPM) by 16.9% in the 1st quarter, HoldingsChannel reports. The institutional investor held 55,702 shares of the financial services provider after acquiring an additional 8,044 shares during the quarter. HighTower Trust Services LTA’s holdings in JPMorgan Chase & Co. were worth $7,593,000 when it last filed with the SEC.
Other institutional investors have also recently changed their positions in the company. MinichMacGregor Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 2.7% in the fourth quarter. MinichMacGregor Wealth Management LLC now owns 3,443 shares of the financial services provider valued at $545,000 after purchasing 92 additional shares during the period. Absher Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 0.5% in the fourth quarter. Absher Wealth Management LLC now owns 135,343 shares of the financial services provider valued at $21,432,000 after purchasing an additional 728 shares during the period. BCS Wealth Management increased its stake in JPMorgan Chase & Co. by 255.2% in the fourth quarter. BCS Wealth Management now owns 6,336 shares of the financial services provider valued at $1,003,000 after purchasing an additional 4,552 shares during the period. Virginia Wealth Management Group Inc. bought a new position in JPMorgan Chase & Co. in Q4, valued at $851,000. Finally, Howard Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 9.2% in the 4th quarter. Howard Wealth Management LLC now owns 2,992 shares of the financial services provider valued at $473,000 after purchasing an additional 251 shares during the period. Institutional investors and hedge funds hold 70.35% of the company’s shares.
NYSE:JPM opened at $114.36 on Friday. The company’s 50-day moving average price is $120.53 and its two-hundred-day moving average price is $136.10. JPMorgan Chase & Co. has a 12-month low of $109.30 and a 12-month high of $172.96. The stock has a market capitalization of $335.88 billion, a P/E ratio of 8.48, a PEG ratio of 1.99 and a beta of 1.15. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt ratio of 1.16.
JPMorgan Chase & Co. (NYSE:JPM – Get a rating) last released its quarterly results on Wednesday, April 13. The financial services provider reported earnings per share of $2.63 for the quarter, missing the consensus estimate of $2.73 per ($0.10). JPMorgan Chase & Co. posted a net margin of 33.61% and a return on equity of 16.58%. The company posted revenue of $30.72 billion in the quarter, compared to $30.53 billion expected by analysts. During the same period of the previous year, the company achieved EPS of $4.50. The company’s revenue was down 4.8% year over year. On average, equity research analysts expect JPMorgan Chase & Co. to post EPS of 11.23 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, July 31. Shareholders of record on Wednesday, July 6 will receive a dividend of $1.00 per share. The ex-dividend date is Tuesday, July 5. This represents an annualized dividend of $4.00 and a dividend yield of 3.50%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 29.67%.
In other news, Insider Ashley Bacon sold 21,012 shares in a transaction dated Tuesday, April 19. The stock was sold at an average price of $130.04, for a total transaction of $2,732,400.48. Following the transaction, the insider now directly owns 178,588 shares of the company, valued at approximately $23,223,583.52. The sale was disclosed in a filing with the Securities & Exchange Commission, available via the SEC website. Also, CEO Jennifer Piepszak sold 4,668 shares in a transaction dated Thursday, April 14. The shares were sold at an average price of $126.19, for a total value of $589,054.92. As a result of the transaction, the CEO now owns 11,135 shares of the company, valued at $1,405,125.65. Disclosure of this sale can be found here. 0.79% of the shares are currently held by company insiders.
JPM has been the subject of a number of recent analyst reports. Oppenheimer upgraded JPMorgan Chase & Co. from a “market performer” rating to an “outperformer” rating and set a price target of $167.00 for the company in a Tuesday, May 3 research note. . Jefferies Financial Group raised its price target on JPMorgan Chase & Co. from $125.00 to $137.00 in a Tuesday, May 24 research report. Keefe, Bruyette & Woods reaffirmed a “market performance” rating and set a price target of $148.00 (from $142.00 previously) on JPMorgan Chase & Co. shares in a research report from the Tuesday, May 24. BMO Capital Markets raised its price target on JPMorgan Chase & Co. from $150.00 to $156.00 in a Tuesday, May 24 research report. Finally, Wells Fargo & Company lowered its price target on JPMorgan Chase & Co. from $150.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Friday 1st. July. One research analyst rated the stock with a sell rating, eight assigned a hold rating, and eight assigned the company a buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $159.33.
JPMorgan Chase & Co. Company Profile (Get a rating)
JPMorgan Chase & Co operates as a worldwide financial services company. 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 s deposit, investment and lending products, payments and consumer services; lending, deposit, cash management and payment solutions for small businesses; mortgage origination and management activities; residential mortgages and home equity loans; and credit card, car loan and leasing services.
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