Stillwater Capital Advisors LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,128 shares of the financial services provider’s stock after selling 1,185 shares during the period. JPMorgan Chase & Co. comprises approximately 3.3% of Stillwater Capital Advisors LLC’s holdings, making the stock its 10th biggest position. Stillwater Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $15,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently added to or reduced their stakes in JPM. Defender Capital LLC. bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth about $248,000. YHB Investment Advisors Inc. lifted its position in shares of JPMorgan Chase & Co. by 2.0% in the 4th quarter. YHB Investment Advisors Inc. now owns 22,350 shares of the financial services provider’s stock worth $2,997,000 after buying an additional 434 shares during the last quarter. Marcum Wealth LLC lifted its position in shares of JPMorgan Chase & Co. by 1.1% in the 4th quarter. Marcum Wealth LLC now owns 32,989 shares of the financial services provider’s stock worth $4,424,000 after buying an additional 373 shares during the last quarter. Smith Chas P & Associates PA Cpas lifted its position in shares of JPMorgan Chase & Co. by 0.4% in the 4th quarter. Smith Chas P & Associates PA Cpas now owns 381,881 shares of the financial services provider’s stock worth $51,210,000 after buying an additional 1,372 shares during the last quarter. Finally, Accuvest Global Advisors lifted its position in shares of JPMorgan Chase & Co. by 94.3% in the 4th quarter. Accuvest Global Advisors now owns 21,586 shares of the financial services provider’s stock worth $2,895,000 after buying an additional 10,474 shares during the last quarter. 67.89% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the stock. Barclays raised their price target on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. Citigroup raised their price target on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday, January 17th. Credit Suisse Group set a $155.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, February 27th. Oppenheimer lifted their price objective on shares of JPMorgan Chase & Co. from $177.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, February 2nd. Finally, StockNews.com initiated coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average price target of $150.78.
JPMorgan Chase & Co. Stock Up 2.7 %
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $3.11 by $0.46. The company had revenue of $34.55 billion for the quarter, compared to the consensus estimate of $34.23 billion. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. JPMorgan Chase & Co.’s revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.33 EPS. On average, analysts forecast that JPMorgan Chase & Co. will post 12.9 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.06%. JPMorgan Chase & Co.’s dividend payout ratio is currently 33.11%.
Insider Transactions at JPMorgan Chase & Co.
In other news, CEO Mary E. Erdoes sold 10,340 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $140.29, for a total value of $1,450,598.60. Following the transaction, the chief executive officer now owns 544,136 shares of the company’s stock, valued at approximately $76,336,839.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Mary E. Erdoes sold 10,340 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $140.29, for a total value of $1,450,598.60. Following the transaction, the chief executive officer now owns 544,136 shares of the company’s stock, valued at approximately $76,336,839.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mellody L. Hobson bought 375 shares of the company’s stock in a transaction dated Thursday, January 19th. The stock was purchased at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the transaction, the director now owns 22,040 shares of the company’s stock, valued at $2,965,041.20. The disclosure for this purchase can be found here. Insiders have sold 37,887 shares of company stock valued at $5,315,762 in the last quarter. Insiders own 0.79% of the company’s stock.
JPMorgan Chase & Co. Profile
JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.
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