Capital Advisors Ltd. LLC boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 85.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,064 shares of the financial services provider’s stock after purchasing an additional 4,188 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in JPMorgan Chase & Co. were worth $816,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in JPM. Lion Street Advisors LLC acquired a new position in JPMorgan Chase & Co. in the first quarter valued at approximately $37,000. NWK Group Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $39,000. Lloyd Advisory Services LLC. acquired a new position in JPMorgan Chase & Co. during the 4th quarter valued at approximately $45,000. Horan Securities Inc. bought a new position in JPMorgan Chase & Co. during the 1st quarter worth $45,000. Finally, Permanens Capital L.P. acquired a new stake in JPMorgan Chase & Co. in the fourth quarter worth $50,000. 73.01% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently commented on JPM. Morgan Stanley lowered their price target on shares of JPMorgan Chase & Co. from $109.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, April 15th. ValuEngine upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Thursday, April 9th. TheStreet lowered shares of JPMorgan Chase & Co. from a “b-” rating to a “c” rating in a research note on Monday, May 11th. Societe Generale upgraded JPMorgan Chase & Co. from a “sell” rating to a “buy” rating in a research report on Tuesday, April 14th. Finally, Wells Fargo & Co decreased their price objective on JPMorgan Chase & Co. from $140.00 to $125.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $109.75.
In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 13,027 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $91.12, for a total value of $1,187,020.24. Following the transaction, the insider now owns 137,243 shares of the company’s stock, valued at $12,505,582.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen B. Burke acquired 75,000 shares of the business’s stock in a transaction dated Thursday, April 16th. The shares were bought at an average price of $87.99 per share, with a total value of $6,599,250.00. Following the transaction, the director now directly owns 150,043 shares in the company, valued at approximately $13,202,283.57. The disclosure for this purchase can be found here. Company insiders own 0.78% of the company’s stock.
Shares of JPMorgan Chase & Co. stock opened at $89.47 on Friday. The business has a fifty day simple moving average of $91.61 and a 200-day simple moving average of $118.08. JPMorgan Chase & Co. has a fifty-two week low of $76.91 and a fifty-two week high of $141.10. 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. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.29.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.70 by ($1.92). JPMorgan Chase & Co. had a net margin of 21.61% and a return on equity of 12.52%. The business had revenue of $28.25 billion during the quarter, compared to analyst estimates of $29.45 billion. During the same period in the previous year, the company posted $2.65 earnings per share. JPMorgan Chase & Co.’s revenue was down 3.0% compared to the same quarter last year. Analysts anticipate that JPMorgan Chase & Co. will post 5.13 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.02%. The ex-dividend date is Thursday, July 2nd. JPMorgan Chase & Co.’s dividend payout ratio is presently 34.35%.
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 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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