Cetera Investment Advisers lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,813 shares of the financial services provider’s stock after buying an additional 4,510 shares during the quarter. Cetera Investment Advisers’ holdings in JPMorgan Chase & Co. were worth $4,755,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lion Street Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the 1st quarter valued at $37,000. NWK Group Inc. acquired a new stake in JPMorgan Chase & Co. in the fourth quarter worth $39,000. Lloyd Advisory Services LLC. bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $45,000. Horan Securities Inc. bought a new stake in JPMorgan Chase & Co. in the first quarter valued at $45,000. Finally, Permanens Capital L.P. acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $50,000. 73.01% of the stock is owned by institutional investors and hedge funds.
In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 13,027 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $91.12, for a total value of $1,187,020.24. Following the transaction, the insider now directly owns 137,243 shares in the company, valued at $12,505,582.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen B. Burke bought 75,000 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, April 16th. The shares were bought at an average cost of $87.99 per share, with a total value of $6,599,250.00. Following the completion of the transaction, the director now directly owns 150,043 shares in the company, valued at $13,202,283.57. The disclosure for this purchase can be found here. Company insiders own 0.78% of the company’s stock.
A number of analysts recently commented on JPM shares. Citigroup decreased their target price on JPMorgan Chase & Co. from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Friday, March 27th. DA Davidson boosted their price objective on JPMorgan Chase & Co. from $91.00 to $97.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. UBS Group upped their target price on JPMorgan Chase & Co. from $82.00 to $96.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Credit Suisse Group set a $122.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Monday, May 18th. Finally, Piper Sandler lowered their price objective on shares of JPMorgan Chase & Co. from $149.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, April 3rd. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $109.75.
NYSE:JPM opened at $89.47 on Friday. JPMorgan Chase & Co. has a 52 week low of $76.91 and a 52 week high of $141.10. The firm has a 50-day moving average price of $91.61 and a two-hundred day moving average price of $118.08. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $274.75 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 3.51 and a beta of 1.20.
JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, April 14th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.70 by ($1.92). The business had revenue of $28.25 billion during the quarter, compared to the consensus estimate of $29.45 billion. JPMorgan Chase & Co. had a net margin of 21.61% and a return on equity of 12.52%. The business’s revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.65 earnings per share. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 5.13 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be paid a $0.90 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 4.02%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 34.35%.
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 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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