Arthur M. Cohen & Associates LLC lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 24.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,979 shares of the financial services provider’s stock after buying an additional 775 shares during the quarter. Arthur M. Cohen & Associates LLC’s holdings in JPMorgan Chase & Co. were worth $534,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of JPM. AMI Asset Management Corp boosted its position in shares of JPMorgan Chase & Co. by 48.7% in the 4th quarter. AMI Asset Management Corp now owns 8,319 shares of the financial services provider’s stock worth $1,116,000 after purchasing an additional 2,725 shares during the last quarter. Summit Financial Wealth Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 2.5% during the 4th quarter. Summit Financial Wealth Advisors LLC now owns 8,753 shares of the financial services provider’s stock worth $1,174,000 after buying an additional 213 shares during the period. Bay Rivers Group increased its stake in shares of JPMorgan Chase & Co. by 7.5% in the 4th quarter. Bay Rivers Group now owns 5,164 shares of the financial services provider’s stock valued at $692,000 after acquiring an additional 360 shares during the last quarter. Veery Capital LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $255,000. Finally, IVC Wealth Advisors LLC boosted its stake in JPMorgan Chase & Co. by 2.7% during the 4th quarter. IVC Wealth Advisors LLC now owns 3,738 shares of the financial services provider’s stock worth $501,000 after acquiring an additional 97 shares during the last quarter. 67.89% of the stock is owned by institutional investors.
Insider Buying and Selling
In other news, Director Mellody L. Hobson acquired 375 shares of the firm’s stock in a transaction dated Thursday, January 19th. The stock was bought at an average price 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 purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 4,399 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.32, for a total value of $617,267.68. Following the sale, the insider now owns 36,369 shares in the company, valued at $5,103,298.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mellody L. Hobson acquired 375 shares of the business’s stock in a transaction dated Thursday, January 19th. The stock was acquired at an average cost of $134.53 per share, with a total value 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. Over the last three months, insiders have sold 37,887 shares of company stock worth $5,315,762. Insiders own 0.79% of the company’s stock.
Analyst Upgrades and Downgrades
JPMorgan Chase & Co. Trading Down 1.5 %
JPMorgan Chase & Co. stock opened at $124.91 on Friday. The company has a market cap of $367.65 billion, a price-to-earnings ratio of 10.34, a P/E/G ratio of 1.97 and a beta of 1.12. The firm has a 50-day moving average of $137.83 and a 200-day moving average of $129.78. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $144.34.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, beating the consensus estimate of $3.11 by $0.46. The firm had revenue of $34.55 billion during the quarter, compared to analysts’ expectations of $34.23 billion. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.33 earnings per share. On average, equities analysts expect that JPMorgan Chase & Co. will post 12.88 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Sunday, April 30th. Investors of record on Thursday, April 6th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $4.00 annualized dividend and a dividend yield of 3.20%. JPMorgan Chase & Co.’s dividend payout ratio is presently 33.11%.
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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