Graybill Bartz & Assoc Ltd. increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 19,062 shares of the financial services provider’s stock after buying an additional 158 shares during the period. Graybill Bartz & Assoc Ltd.’s holdings in JPMorgan Chase & Co. were worth $2,556,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its position in JPMorgan Chase & Co. by 23.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 31,667,210 shares of the financial services provider’s stock valued at $3,566,044,000 after purchasing an additional 5,978,393 shares during the period. Cottage Street Advisors LLC lifted its position in JPMorgan Chase & Co. by 11,378.2% during the 4th quarter. Cottage Street Advisors LLC now owns 4,100,117 shares of the financial services provider’s stock valued at $674,000 after purchasing an additional 4,064,396 shares during the period. Public Investment Fund acquired a new position in JPMorgan Chase & Co. during the 2nd quarter valued at about $433,667,000. Barclays PLC lifted its position in JPMorgan Chase & Co. by 77.8% during the 3rd quarter. Barclays PLC now owns 8,071,119 shares of the financial services provider’s stock valued at $843,433,000 after purchasing an additional 3,531,637 shares during the period. Finally, Vanguard Group Inc. lifted its position in JPMorgan Chase & Co. by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock valued at $28,480,408,000 after purchasing an additional 2,918,554 shares during the period. Institutional investors and hedge funds own 67.89% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have issued reports on JPM shares. UBS Group set a $156.00 target price on shares of JPMorgan Chase & Co. in a research report on Friday, January 13th. Credit Suisse Group set a $155.00 price target on JPMorgan Chase & Co. in a research note on Monday, February 27th. StockNews.com began coverage on JPMorgan Chase & Co. in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Morgan Stanley upped their price target on JPMorgan Chase & Co. from $167.00 to $173.00 and gave the company an “overweight” rating in a research note on Friday, February 24th. Finally, Deutsche Bank Aktiengesellschaft cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and lowered their price target for the company from $155.00 to $145.00 in a research note on Friday, January 6th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $149.28.
JPMorgan Chase & Co. Trading Down 1.3 %
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.11 by $0.46. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The firm had revenue of $34.55 billion during the quarter, compared to the consensus estimate of $34.23 billion. During the same quarter in the prior year, the firm posted $3.33 EPS. The business’s revenue was up 18.1% on a year-over-year basis. As a group, analysts expect that JPMorgan Chase & Co. will post 12.9 EPS for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 33.11%.
Insiders Place Their Bets
In other news, Director Mellody L. Hobson purchased 375 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, January 19th. The stock was purchased 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 acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Mellody L. Hobson purchased 375 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, January 19th. The stock was purchased 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 acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Vice Chairman Peter Scher sold 4,399 shares of the stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $140.32, for a total value of $617,267.68. Following the completion of the sale, the insider now directly owns 36,369 shares of the company’s stock, valued at approximately $5,103,298.08. The disclosure for this sale can be found here. Insiders sold a total of 37,887 shares of company stock valued at $5,315,762 in the last quarter. 0.79% of the stock is currently owned by insiders.
JPMorgan Chase & Co. Company 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.
Read More
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