Rothschild Investment Corp IL lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.1% in the first quarter, HoldingsChannel.com reports. The firm owned 159,291 shares of the financial services provider’s stock after selling 138 shares during the period. JPMorgan Chase & Co. comprises 1.7% of Rothschild Investment Corp IL’s holdings, making the stock its 5th largest position. Rothschild Investment Corp IL’s holdings in JPMorgan Chase & Co. were worth $21,714,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in JPM. Norges Bank bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth $4,092,843,000. GQG Partners LLC grew its stake in shares of JPMorgan Chase & Co. by 403.3% in the 4th quarter. GQG Partners LLC now owns 5,095,612 shares of the financial services provider’s stock worth $806,728,000 after acquiring an additional 4,083,231 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of JPMorgan Chase & Co. by 1,543.7% in the 4th quarter. Renaissance Technologies LLC now owns 3,341,486 shares of the financial services provider’s stock worth $529,124,000 after acquiring an additional 3,138,200 shares in the last quarter. State Street Corp grew its stake in shares of JPMorgan Chase & Co. by 1.6% in the 4th quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock worth $22,441,376,000 after acquiring an additional 2,277,065 shares in the last quarter. Finally, National Bank of Canada FI bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth $298,028,000. Institutional investors and hedge funds own 70.35% of the company’s stock.
Shares of JPMorgan Chase & Co. stock opened at $115.30 on Thursday. JPMorgan Chase & Co. has a 12-month low of $111.48 and a 12-month high of $172.96. The company has a market cap of $338.64 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 2.09 and a beta of 1.11. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.16. The company’s 50-day moving average price is $122.07 and its 200-day moving average price is $138.24.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its quarterly earnings results on Wednesday, April 13th. The financial services provider reported $2.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.10). JPMorgan Chase & Co. had a return on equity of 16.58% and a net margin of 33.61%. The firm had revenue of $30.72 billion during the quarter, compared to analysts’ expectations of $30.53 billion. During the same period in the previous year, the company posted $4.50 earnings per share. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 11.23 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Tuesday, July 5th. JPMorgan Chase & Co.’s payout ratio is currently 29.67%.
In other news, CEO Jennifer Piepszak sold 4,668 shares of the firm’s stock in a transaction that occurred on Thursday, April 14th. The shares were sold at an average price of $126.19, for a total value of $589,054.92. Following the transaction, the chief executive officer now owns 11,135 shares in the company, valued at $1,405,125.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ashley Bacon sold 21,012 shares of the firm’s stock in a transaction that occurred on Tuesday, April 19th. The stock was sold at an average price of $130.04, for a total transaction of $2,732,400.48. Following the completion of the transaction, the insider now owns 178,588 shares in the company, valued at approximately $23,223,583.52. The disclosure for this sale can be found here. 0.79% of the stock is owned by company insiders.
Several analysts have recently issued reports on JPM shares. Morgan Stanley reduced their target price on shares of JPMorgan Chase & Co. from $152.00 to $149.00 and set an “underweight” rating for the company in a research note on Friday, June 24th. Credit Suisse Group set a $160.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, May 25th. Jefferies Financial Group increased their price target on shares of JPMorgan Chase & Co. from $125.00 to $137.00 in a research report on Tuesday, May 24th. Royal Bank of Canada set a $175.00 price target on shares of JPMorgan Chase & Co. and gave the company an “outperform” rating in a research report on Thursday, April 14th. Finally, Piper Sandler increased their price target on shares of JPMorgan Chase & Co. from $165.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, April 14th. One investment 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $161.67.
JPMorgan Chase & Co. Profile (Get Rating)
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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.
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Source: defenseworld.net
