Chesley Taft & Associates LLC lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 208,537 shares of the financial services provider’s stock after buying an additional 699 shares during the period. JPMorgan Chase & Co. makes up approximately 1.9% of Chesley Taft & Associates LLC’s portfolio, making the stock its 9th biggest holding. Chesley Taft & Associates LLC’s holdings in JPMorgan Chase & Co. were worth $27,965,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Premier Asset Management LLC raised its holdings in JPMorgan Chase & Co. by 1.7% in the 3rd quarter. Premier Asset Management LLC now owns 4,635 shares of the financial services provider’s stock worth $484,000 after acquiring an additional 77 shares during the last quarter. Trellis Advisors LLC raised its holdings in JPMorgan Chase & Co. by 2.8% in the 3rd quarter. Trellis Advisors LLC now owns 2,897 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 79 shares during the last quarter. Karpas Strategies LLC raised its holdings in JPMorgan Chase & Co. by 0.4% in the 3rd quarter. Karpas Strategies LLC now owns 21,537 shares of the financial services provider’s stock worth $2,251,000 after acquiring an additional 80 shares during the last quarter. Wulff Hansen & CO. raised its holdings in JPMorgan Chase & Co. by 0.5% in the 3rd quarter. Wulff Hansen & CO. now owns 14,665 shares of the financial services provider’s stock worth $1,532,000 after acquiring an additional 80 shares during the last quarter. Finally, LVZ Inc. grew its position in JPMorgan Chase & Co. by 1.7% in the 4th quarter. LVZ Inc. now owns 4,746 shares of the financial services provider’s stock worth $636,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 67.89% of the company’s stock.
Analyst Ratings Changes
A number of research firms have commented on JPM. StockNews.com began coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Barclays lifted their target price 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. Morgan Stanley lifted their target price on shares of JPMorgan Chase & Co. from $167.00 to $173.00 and gave the stock an “overweight” rating in a research report on Friday, February 24th. Citigroup boosted their price objective on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday, January 17th. Finally, UBS Group set a $156.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday, January 13th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $149.28.
JPMorgan Chase & Co. Trading Up 1.2 %
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.11 by $0.46. The business had revenue of $34.55 billion during the quarter, compared to analysts’ expectations of $34.23 billion. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The business’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the company posted $3.33 earnings per share. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 12.9 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.07%. JPMorgan Chase & Co.’s dividend payout ratio is currently 33.11%.
Insiders Place Their Bets
In other JPMorgan Chase & Co. news, Director Mellody L. Hobson acquired 375 shares of the business’s stock in a transaction dated Thursday, January 19th. The shares were purchased at an average price of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the purchase, the director now directly owns 22,040 shares of the company’s stock, valued at $2,965,041.20. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In related news, General Counsel Stacey Friedman sold 23,148 shares of the firm’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the sale, the general counsel now owns 48,311 shares in the company, valued at $6,778,516.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mellody L. Hobson purchased 375 shares of the company’s stock in a transaction that occurred on Thursday, January 19th. The shares were purchased at an average price of $134.53 per share, for a total transaction of $50,448.75. Following the transaction, the director now owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 37,887 shares of company stock valued at $5,315,762. 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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