Roosevelt Investment Group LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.5% during the first quarter, Holdings Channel reports. The fund owned 223,851 shares of the financial services provider’s stock after purchasing an additional 5,547 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.8% of Roosevelt Investment Group LLC’s investment portfolio, making the stock its 14th largest position. Roosevelt Investment Group LLC’s holdings in JPMorgan Chase & Co. were worth $30,515,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the company. KLCM Advisors Inc. increased its position in shares of JPMorgan Chase & Co. by 0.5% in the fourth quarter. KLCM Advisors Inc. now owns 12,800 shares of the financial services provider’s stock worth $2,027,000 after acquiring an additional 69 shares in the last quarter. Hurlow Wealth Management Group Inc. increased its position in shares of JPMorgan Chase & Co. by 1.1% in the fourth quarter. Hurlow Wealth Management Group Inc. now owns 6,166 shares of the financial services provider’s stock worth $793,000 after acquiring an additional 69 shares in the last quarter. Bigelow Investment Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 1.0% in the fourth quarter. Bigelow Investment Advisors LLC now owns 6,886 shares of the financial services provider’s stock worth $1,090,000 after acquiring an additional 69 shares in the last quarter. Valley Brook Capital Group Inc. increased its position in shares of JPMorgan Chase & Co. by 0.4% in the fourth quarter. Valley Brook Capital Group Inc. now owns 18,319 shares of the financial services provider’s stock worth $2,900,000 after acquiring an additional 70 shares in the last quarter. Finally, Cable Hill Partners LLC increased its position in shares of JPMorgan Chase & Co. by 1.2% in the fourth quarter. Cable Hill Partners LLC now owns 6,063 shares of the financial services provider’s stock worth $960,000 after acquiring an additional 70 shares in the last quarter. Institutional investors and hedge funds own 70.35% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently commented on JPM shares. The Goldman Sachs Group set a $151.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Thursday, April 14th. Societe Generale upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price target for the stock from $145.00 to $150.00 in a report on Tuesday, May 24th. Wells Fargo & Company decreased their price target on shares of JPMorgan Chase & Co. from $120.00 to $118.00 and set an “equal weight” rating for the company in a report on Thursday, July 14th. Evercore ISI decreased their price target on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a report on Friday, July 15th. Finally, Argus decreased their price target on shares of JPMorgan Chase & Co. from $177.00 to $155.00 in a report on Thursday, April 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus price target of $145.95.
JPMorgan Chase & Co. Trading Down 1.6 %
NYSE:JPM opened at $113.42 on Wednesday. JPMorgan Chase & Co. has a 12 month low of $106.06 and a 12 month high of $172.96. The firm has a market cap of $333.12 billion, a price-to-earnings ratio of 9.10, a P/E/G ratio of 2.04 and a beta of 1.15. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.14. The company’s 50 day moving average is $118.60 and its 200-day moving average is $131.94.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.76. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The business had revenue of $30.72 billion for the quarter, compared to analyst estimates of $31.82 billion. During the same quarter in the previous year, the firm posted $3.78 earnings per share. JPMorgan Chase & Co.’s revenue was up .8% compared to the same quarter last year. Equities analysts anticipate that JPMorgan Chase & Co. will post 11.24 EPS for the current year.
JPMorgan Chase & Co. Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Sunday, July 31st. Investors 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 3.53%. The ex-dividend date is Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 32.10%.
JPMorgan Chase & Co. Company Profile
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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