Caldwell Investment Management Ltd. purchased a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 11,460 shares of the financial services provider’s stock, valued at approximately $1,608,000. JPMorgan Chase & Co. comprises about 1.3% of Caldwell Investment Management Ltd.’s investment portfolio, making the stock its 18th largest holding.
Several other hedge funds have also added to or reduced their stakes in JPM. Joseph Group Capital Management acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at $1,353,000. Evolution Advisers Inc. acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $52,000. Leverty Financial Group LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $54,000. Delos Wealth Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 13,433.3% during the 4th quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider’s stock worth $64,000 after buying an additional 403 shares in the last quarter. Finally, Landmark Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth $46,000. 70.35% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the company. Credit Suisse Group lowered their price target on JPMorgan Chase & Co. from $160.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, July 15th. Morgan Stanley reduced their price objective on JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 12th. Berenberg Bank upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 price objective on the stock in a research report on Monday, July 18th. StockNews.com assumed coverage on JPMorgan Chase & Co. in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Argus reduced their price objective on JPMorgan Chase & Co. from $177.00 to $155.00 in a research report on Thursday, April 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $145.95.
JPMorgan Chase & Co. Stock Down 0.5 %
JPM stock opened at $114.76 on Friday. The stock’s 50 day simple moving average is $118.84 and its 200 day simple moving average is $132.89. JPMorgan Chase & Co. has a fifty-two week low of $106.06 and a fifty-two week high of $172.96. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.82 and a current ratio of 0.83. The company has a market cap of $337.06 billion, a P/E ratio of 9.21, a price-to-earnings-growth ratio of 2.04 and a beta of 1.15.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 EPS for the quarter, hitting the consensus estimate of $2.76. The firm had revenue of $30.72 billion during the quarter, compared to the consensus estimate of $31.82 billion. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.78 earnings per share. On average, research analysts expect that JPMorgan Chase & Co. will post 11.24 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 32.10%.
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 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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