9. INDUSTRY, INNOVATION, AND INFRASTRUCTURE

JPMorgan Chase & Co. (NYSE:JPM) Position Raised by Profit Investment Management LLC – Defense World

Written by Amanda

Profit Investment Management LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 7,072 shares of the financial services provider’s stock after buying an additional 288 shares during the quarter. Profit Investment Management LLC’s holdings in JPMorgan Chase & Co. were worth $963,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Clarus Wealth Advisors bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at $211,000. Sound Income Strategies LLC increased its holdings in shares of JPMorgan Chase & Co. by 3.7% in the fourth quarter. Sound Income Strategies LLC now owns 3,448 shares of the financial services provider’s stock valued at $546,000 after buying an additional 123 shares in the last quarter. Canandaigua National Corp increased its holdings in shares of JPMorgan Chase & Co. by 0.6% in the fourth quarter. Canandaigua National Corp now owns 106,394 shares of the financial services provider’s stock valued at $16,847,000 after buying an additional 654 shares in the last quarter. Burke & Herbert Bank & Trust Co. increased its holdings in shares of JPMorgan Chase & Co. by 19.0% in the fourth quarter. Burke & Herbert Bank & Trust Co. now owns 12,230 shares of the financial services provider’s stock valued at $1,937,000 after buying an additional 1,950 shares in the last quarter. Finally, Koshinski Asset Management Inc. increased its holdings in shares of JPMorgan Chase & Co. by 1.4% in the fourth quarter. Koshinski Asset Management Inc. now owns 56,588 shares of the financial services provider’s stock valued at $8,961,000 after buying an additional 787 shares in the last quarter. 70.35% of the stock is currently owned by hedge funds and other institutional investors.

JPM has been the topic of several research reports. BMO Capital Markets upped their price target on JPMorgan Chase & Co. from $150.00 to $156.00 in a report on Tuesday, May 24th. Morgan Stanley cut their target price on shares of JPMorgan Chase & Co. from $152.00 to $149.00 and set an “underweight” rating on the stock in a research note on Friday, June 24th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $148.00 target price (up from $142.00) on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 24th. Jefferies Financial Group boosted their target price on shares of JPMorgan Chase & Co. from $125.00 to $137.00 in a research note on Tuesday, May 24th. Finally, Berenberg Bank set a $120.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, April 19th. One equities 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, the stock presently has an average rating of “Hold” and a consensus target price of $159.33.

Shares of NYSE:JPM opened at $114.05 on Tuesday. The stock has a market capitalization of $334.97 billion, a PE ratio of 8.46, a P/E/G ratio of 2.03 and a beta of 1.15. JPMorgan Chase & Co. has a 1 year low of $110.93 and a 1 year high of $172.96. The firm has a fifty day moving average price of $121.20 and a 200 day moving average price of $137.01. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.16.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly earnings data 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). The business had revenue of $30.72 billion during the quarter, compared to the consensus estimate of $30.53 billion. JPMorgan Chase & Co. had a return on equity of 16.58% and a net margin of 33.61%. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.50 earnings per share. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 11.25 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, July 31st. Investors of record on Wednesday, July 6th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 29.67%.

In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 4,668 shares of the business’s stock in a transaction on Thursday, April 14th. The shares were sold at an average price of $126.19, for a total transaction of $589,054.92. Following the completion of the transaction, the chief executive officer now owns 11,135 shares of the company’s stock, valued at approximately $1,405,125.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ashley Bacon sold 21,012 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 178,588 shares of the company’s stock, valued at approximately $23,223,583.52. The disclosure for this sale can be found here. Corporate insiders own 0.79% of the company’s stock.

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.

Recommended Stories

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMGet Rating).

Receive News & Ratings for JPMorgan Chase & Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com’s FREE daily email newsletter.

Source: defenseworld.net

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai