JMG Financial Group Ltd. acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,688 shares of the financial services provider’s stock, valued at approximately $226,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aptus Capital Advisors LLC raised its holdings in JPMorgan Chase & Co. by 11.3% during the third quarter. Aptus Capital Advisors LLC now owns 153,622 shares of the financial services provider’s stock worth $16,054,000 after purchasing an additional 15,607 shares during the last quarter. Leisure Capital Management raised its holdings in shares of JPMorgan Chase & Co. by 2.7% in the third quarter. Leisure Capital Management now owns 22,736 shares of the financial services provider’s stock worth $2,376,000 after acquiring an additional 600 shares during the last quarter. Ballentine Partners LLC raised its holdings in shares of JPMorgan Chase & Co. by 12.4% in the third quarter. Ballentine Partners LLC now owns 51,929 shares of the financial services provider’s stock worth $5,427,000 after acquiring an additional 5,719 shares during the last quarter. Argus Investors Counsel Inc. raised its holdings in shares of JPMorgan Chase & Co. by 0.6% in the fourth quarter. Argus Investors Counsel Inc. now owns 24,284 shares of the financial services provider’s stock worth $3,256,000 after acquiring an additional 149 shares during the last quarter. Finally, BerganKDV Wealth Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 6.1% in the third quarter. BerganKDV Wealth Management LLC now owns 35,995 shares of the financial services provider’s stock worth $3,762,000 after acquiring an additional 2,079 shares during the last quarter. 67.89% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at JPMorgan Chase & Co.
In other news, 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 sale, the chief executive officer now owns 544,136 shares of the company’s stock, valued at $76,336,839.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Mellody L. Hobson bought 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 completion of the transaction, 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 legal filing with the SEC, which is available through the SEC website. 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 sale, the chief executive officer now directly owns 544,136 shares of the company’s stock, valued at approximately $76,336,839.44. The disclosure for this sale can be found here. Insiders sold 37,887 shares of company stock valued at $5,315,762 over the last quarter. Company insiders own 0.79% of the company’s stock.
JPMorgan Chase & Co. Price Performance
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.69. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The firm had revenue of $38.35 billion during the quarter, compared to the consensus estimate of $35.77 billion. During the same quarter in the previous year, the business earned $2.63 earnings per share. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. As a group, research analysts predict that JPMorgan Chase & Co. will post 12.73 EPS for the current year.
JPMorgan Chase & Co. Announces Dividend
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 2.88%. The ex-dividend date of this dividend is Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 33.11%.
Analyst Upgrades and Downgrades
JPM has been the subject of a number of analyst reports. Credit Suisse Group set a $155.00 price target on JPMorgan Chase & Co. in a report on Monday, February 27th. Deutsche Bank Aktiengesellschaft cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and cut their price target for the stock from $155.00 to $145.00 in a report on Friday, January 6th. The Goldman Sachs Group boosted their price target on JPMorgan Chase & Co. from $160.00 to $172.00 in a report on Friday. Citigroup boosted their price target on JPMorgan Chase & Co. from $150.00 to $165.00 in a report on Tuesday, January 17th. Finally, Evercore ISI lowered their price objective on JPMorgan Chase & Co. from $157.00 to $146.00 and set an “outperform” rating for the company in a research report on Wednesday, April 5th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $150.88.
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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