First Pacific Advisors LP trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM) by 36.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,380 shares of the financial services provider’s stock after selling 3,670 shares during the period. First Pacific Advisors LP’s holdings in JPMorgan Chase & Co. were worth $574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of JPM. Lion Street Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth $37,000. NWK Group Inc. purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth about $39,000. Lloyd Advisory Services LLC. purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth about $45,000. Horan Securities Inc. bought a new position in JPMorgan Chase & Co. during the 1st quarter worth about $45,000. Finally, Permanens Capital L.P. purchased a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $50,000. Institutional investors and hedge funds own 73.01% of the company’s stock.
Shares of JPM stock opened at $89.47 on Friday. JPMorgan Chase & Co. has a fifty-two week low of $76.91 and a fifty-two week high of $141.10. 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 capitalization of $274.75 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 3.51 and a beta of 1.20. The stock’s 50-day simple moving average is $91.61 and its 200-day simple moving average is $118.08.
JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, April 14th. The financial services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $2.70 by ($1.92). The company had revenue of $28.25 billion during the quarter, compared to analyst estimates of $29.45 billion. JPMorgan Chase & Co. had a return on equity of 12.52% and a net margin of 21.61%. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the business earned $2.65 earnings per share. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 5.13 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $3.60 annualized dividend and a dividend yield of 4.02%. JPMorgan Chase & Co.’s payout ratio is currently 34.35%.
In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 13,027 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $91.12, for a total transaction of $1,187,020.24. Following the completion of the sale, the insider now owns 137,243 shares of the company’s stock, valued at approximately $12,505,582.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen B. Burke purchased 75,000 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were purchased at an average price of $87.99 per share, for a total transaction of $6,599,250.00. Following the purchase, the director now owns 150,043 shares in the company, valued at approximately $13,202,283.57. The disclosure for this purchase can be found here. Insiders own 0.78% of the company’s stock.
A number of research firms have recently issued reports on JPM. Wells Fargo & Co dropped their price objective on shares of JPMorgan Chase & Co. from $140.00 to $125.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. ValuEngine raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Thursday, April 9th. TheStreet lowered JPMorgan Chase & Co. from a “b-” rating to a “c” rating in a research report on Monday, May 11th. Credit Suisse Group set a $122.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Monday, May 18th. Finally, Keefe, Bruyette & Woods upgraded JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 1st. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $109.75.
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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