Creative Capital Management Investments LLC acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 222 shares of the financial services provider’s stock, valued at approximately $30,000.
A number of other institutional investors have also recently added to or reduced their stakes in JPM. Cantor Fitzgerald Investment Advisor L.P grew its stake 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 buying an additional 99,636 shares during the last quarter. BCK Partners Inc. bought a new position in shares of JPMorgan Chase & Co. in the first quarter worth $2,455,000. LSV Asset Management grew its stake in shares of JPMorgan Chase & Co. by 35.6% in the first quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock worth $5,085,000 after purchasing an additional 9,800 shares in the last quarter. Wsfs Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. by 70.8% in the first quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock worth $575,000 after purchasing an additional 1,749 shares in the last quarter. Finally, Lumature Wealth Partners LLC grew its stake in shares of JPMorgan Chase & Co. by 1,451.4% in the first quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock worth $514,000 after purchasing an additional 3,527 shares in the last quarter. 67.89% of the stock is currently owned by institutional investors.
JPMorgan Chase & Co. Stock Down 2.6 %
Shares of JPMorgan Chase & Co. stock opened at $127.18 on Thursday. The stock has a 50-day moving average price of $138.45 and a 200 day moving average price of $129.61. The company has a market cap of $374.34 billion, a P/E ratio of 10.53, a P/E/G ratio of 1.95 and a beta of 1.12. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $144.34.
JPMorgan Chase & Co. Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.15%. The ex-dividend date is Wednesday, April 5th. JPMorgan Chase & Co.’s payout ratio is currently 33.11%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on JPM shares. StockNews.com started coverage on JPMorgan Chase & Co. in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Citigroup upped their price objective on JPMorgan Chase & Co. from $150.00 to $165.00 in a report on Tuesday, January 17th. Credit Suisse Group set a $155.00 price objective on JPMorgan Chase & Co. in a report on Monday, February 27th. Deutsche Bank Aktiengesellschaft lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and cut their price objective for the company from $155.00 to $145.00 in a report on Friday, January 6th. Finally, Royal Bank of Canada set a $130.00 price objective on JPMorgan Chase & Co. in a report on Friday, January 13th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $150.78.
Insiders Place Their Bets
In other news, Director Mellody L. Hobson bought 375 shares of the company’s stock in a transaction on Thursday, January 19th. The shares were bought at an average cost of $134.53 per share, with a total value of $50,448.75. Following the transaction, the director now directly owns 22,040 shares in the company, valued at approximately $2,965,041.20. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Mellody L. Hobson bought 375 shares of the company’s stock in a transaction on Thursday, January 19th. The shares were bought at an average cost of $134.53 per share, with a total value of $50,448.75. Following the transaction, the director now directly owns 22,040 shares in the company, valued at approximately $2,965,041.20. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mary E. Erdoes sold 10,340 shares of the company’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total value of $1,450,598.60. Following the completion of the transaction, the chief executive officer now directly owns 544,136 shares in the company, valued at $76,336,839.44. The disclosure for this sale can be found here. Insiders have sold a total of 37,887 shares of company stock valued at $5,315,762 in the last three months. Insiders own 0.79% of the company’s stock.
About JPMorgan Chase & Co.
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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