Fulcrum Capital LLC raised its stake in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,536 shares of the financial services provider’s stock after buying an additional 417 shares during the period. JPMorgan Chase & Co. comprises 2.3% of Fulcrum Capital LLC’s holdings, making the stock its 12th biggest holding. Fulcrum Capital LLC’s holdings in JPMorgan Chase & Co. were worth $7,984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently added to or reduced their stakes in the company. Retirement Financial Solutions LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $26,000. Creative Capital Management Investments LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $30,000. HBC Financial Services PLLC increased its position in JPMorgan Chase & Co. by 61.2% during the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 90 shares during the period. Horizons Wealth Management bought a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at $39,000. Finally, New Millennium Group LLC bought a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at $39,000. 67.89% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts have issued reports on JPM shares. Morgan Stanley dropped their target price on JPMorgan Chase & Co. from $173.00 to $153.00 and set an “overweight” rating on the stock in a research report on Wednesday. Barclays increased their price target on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a research report on Tuesday, January 3rd. Citigroup increased their price target on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday, January 17th. Wells Fargo & Company raised shares of JPMorgan Chase & Co. from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $148.00 to $155.00 in a research report on Monday, March 13th. Finally, UBS Group set a $156.00 price target on JPMorgan Chase & Co. in a research report on Friday, January 13th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $149.33.
JPMorgan Chase & Co. Stock Performance
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.11 by $0.46. The company had revenue of $34.55 billion during 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%. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.33 earnings per share. As a group, analysts predict that JPMorgan Chase & Co. will post 12.84 earnings per share for the current year.
JPMorgan Chase & Co. Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Sunday, April 30th. Investors of record on Thursday, April 6th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.14%. The ex-dividend date is Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 33.11%.
Insider Activity at JPMorgan Chase & Co.
In related news, General Counsel Stacey Friedman sold 23,148 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the completion of the transaction, the general counsel now directly owns 48,311 shares in the company, valued at $6,778,516.41. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, General Counsel Stacey Friedman sold 23,148 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the completion of the transaction, the general counsel now directly owns 48,311 shares in the company, valued at $6,778,516.41. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mary E. Erdoes sold 10,340 shares of the firm’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $140.29, for a total transaction of $1,450,598.60. Following the sale, the chief executive officer now owns 544,136 shares in the company, valued at approximately $76,336,839.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,887 shares of company stock worth $5,315,762. 0.79% of the stock is owned by corporate insiders.
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.
Read More
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