Houlihan Financial Resource Group Ltd. lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 98.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,673 shares of the financial services provider’s stock after selling 93,620 shares during the quarter. Houlihan Financial Resource Group Ltd.’s holdings in JPMorgan Chase & Co. were worth $234,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in JPM. Cantor Fitzgerald Investment Advisor L.P lifted its position in JPMorgan Chase & Co. by 81.1% during the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock worth $30,321,000 after acquiring an additional 99,636 shares during the period. BCK Partners Inc. acquired a new stake in JPMorgan Chase & Co. during the 1st quarter worth approximately $2,455,000. LSV Asset Management lifted its position in JPMorgan Chase & Co. by 35.6% during the 1st quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock worth $5,085,000 after acquiring an additional 9,800 shares during the period. Wsfs Capital Management LLC lifted its position in JPMorgan Chase & Co. by 70.8% during the 1st quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock worth $575,000 after acquiring an additional 1,749 shares during the period. Finally, Lumature Wealth Partners LLC lifted its position in JPMorgan Chase & Co. by 1,451.4% during the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock worth $514,000 after acquiring an additional 3,527 shares during the period. Hedge funds and other institutional investors own 68.94% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on JPM. Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price objective for the stock from $140.00 to $190.00 in a research report on Tuesday, January 9th. Barclays increased their price objective on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. BMO Capital Markets increased their price objective on JPMorgan Chase & Co. from $192.00 to $194.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 16th. Morgan Stanley raised their price target on JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Finally, Odeon Capital Group cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price target for the company. in a report on Thursday, November 2nd. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $179.11.
Insider Transactions at JPMorgan Chase & Co.
In other news, CEO Marianne Lake sold 32,243 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $160.00, for a total value of $5,158,880.00. Following the completion of the sale, the chief executive officer now owns 131,962 shares of the company’s stock, valued at $21,113,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Marianne Lake sold 32,243 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $160.00, for a total value of $5,158,880.00. Following the completion of the transaction, the chief executive officer now owns 131,962 shares of the company’s stock, valued at $21,113,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jennifer Piepszak sold 1,649 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total value of $274,706.91. Following the completion of the transaction, the chief executive officer now directly owns 34,467 shares of the company’s stock, valued at approximately $5,741,857.53. The disclosure for this sale can be found here. Insiders sold 39,072 shares of company stock valued at $6,297,103 over the last quarter. Company insiders own 0.79% of the company’s stock.
JPMorgan Chase & Co. Price Performance
Shares of NYSE JPM opened at $174.23 on Wednesday. JPMorgan Chase & Co. has a 1-year low of $123.11 and a 1-year high of $178.30. The business has a 50-day moving average of $169.33 and a 200-day moving average of $155.54. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.91 and a quick ratio of 0.90. The company has a market capitalization of $501.20 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 2.22 and a beta of 1.14.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share for the quarter, missing the consensus estimate of $3.73 by ($0.69). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The company had revenue of $38.57 billion during the quarter, compared to analysts’ expectations of $39.73 billion. During the same period in the previous year, the company earned $3.57 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 15.87 EPS for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Thursday, January 4th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is 25.89%.
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 deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.
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