Matrix Trust Co acquired a new position in JPMorgan Chase & Co. (NYSE:JPM) in the first quarter, Holdings Channel reports. The fund acquired 1,452 shares of the financial services provider’s stock, valued at approximately $198,000.
A number of other hedge funds have also recently modified their holdings of JPM. QP Wealth Management LLC lifted its stake in JPMorgan Chase & Co. by 0.9% in the 4th quarter. QP Wealth Management LLC now owns 7,700 shares of the financial services provider’s stock worth $1,219,000 after purchasing an additional 67 shares in the last quarter. Breiter Capital Management Inc. lifted its stake in JPMorgan Chase & Co. by 0.6% in the 4th quarter. Breiter Capital Management Inc. now owns 10,844 shares of the financial services provider’s stock worth $1,717,000 after purchasing an additional 67 shares in the last quarter. KLCM Advisors Inc. lifted its stake in JPMorgan Chase & Co. by 0.5% in the 4th quarter. KLCM Advisors Inc. now owns 12,800 shares of the financial services provider’s stock worth $2,027,000 after purchasing an additional 69 shares in the last quarter. Hurlow Wealth Management Group Inc. lifted its stake in JPMorgan Chase & Co. by 1.1% in the 4th quarter. Hurlow Wealth Management Group Inc. now owns 6,166 shares of the financial services provider’s stock worth $793,000 after purchasing an additional 69 shares in the last quarter. Finally, Bigelow Investment Advisors LLC lifted its stake in JPMorgan Chase & Co. by 1.0% in the 4th quarter. Bigelow Investment Advisors LLC now owns 6,886 shares of the financial services provider’s stock worth $1,090,000 after purchasing an additional 69 shares in the last quarter. 70.35% of the stock is owned by institutional investors and hedge funds.
In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 21,012 shares of the stock in a transaction that occurred on Tuesday, April 19th. The stock was sold at an average price of $130.04, for a total value of $2,732,400.48. Following the completion of the sale, the insider now owns 178,588 shares in the company, valued at approximately $23,223,583.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jennifer Piepszak sold 4,668 shares of the stock in a transaction that occurred on Thursday, April 14th. The stock was sold at an average price of $126.19, for a total value of $589,054.92. Following the completion of the sale, the chief executive officer now owns 11,135 shares of the company’s stock, valued at approximately $1,405,125.65. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.
Several research analysts recently issued reports on the stock. The Goldman Sachs Group set a $151.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Thursday, April 14th. BMO Capital Markets upped their price objective on JPMorgan Chase & Co. from $150.00 to $156.00 in a report on Tuesday, May 24th. Royal Bank of Canada set a $175.00 price objective on JPMorgan Chase & Co. and gave the stock an “outperform” rating in a report on Thursday, April 14th. Jefferies Financial Group upped their price objective on JPMorgan Chase & Co. from $125.00 to $137.00 in a report on Tuesday, May 24th. Finally, Argus cut their price objective on JPMorgan Chase & Co. from $177.00 to $155.00 in a report on Thursday, April 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Hold” and an average target price of $159.33.
Shares of JPM stock opened at $114.05 on Friday. JPMorgan Chase & Co. has a 1-year low of $110.93 and a 1-year high of $172.96. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.82 and a quick ratio of 0.82. The business has a 50-day moving average of $121.46 and a 200 day moving average of $137.61. The stock has a market capitalization of $334.97 billion, a PE ratio of 8.46, a P/E/G ratio of 2.09 and a beta of 1.11.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings data on Wednesday, April 13th. The financial services provider reported $2.63 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $30.72 billion during the quarter, compared to analysts’ expectations of $30.53 billion. During the same quarter last year, the business posted $4.50 EPS. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. Analysts anticipate that JPMorgan Chase & Co. will post 11.23 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.51%. The ex-dividend date is Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 29.67%.
About JPMorgan Chase & Co. (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