VitalStone Financial LLC bought a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 433 shares of the financial services provider’s stock, valued at approximately $58,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Cantor Fitzgerald Investment Advisor L.P boosted its stake in shares of JPMorgan Chase & Co. by 81.1% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock valued at $30,321,000 after purchasing an additional 99,636 shares in the last quarter. BCK Partners Inc. acquired a new position in JPMorgan Chase & Co. in the first quarter valued at about $2,455,000. LSV Asset Management grew its stake in JPMorgan Chase & Co. by 35.6% during the first quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock worth $5,085,000 after buying an additional 9,800 shares during the last quarter. Wsfs Capital Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 70.8% during the first quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock worth $575,000 after buying an additional 1,749 shares in the last quarter. Finally, Lumature Wealth Partners LLC raised its stake in shares of JPMorgan Chase & Co. by 1,451.4% in the first quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 3,527 shares during the last quarter. Institutional investors own 67.89% of the company’s stock.
Insider Activity at JPMorgan Chase & Co.
In related news, Director Mellody L. Hobson bought 375 shares of the company’s stock in a transaction on Thursday, January 19th. The shares were purchased at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the acquisition, the director now owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.79% of the stock is owned by insiders.
JPMorgan Chase & Co. Trading Up 0.8 %
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, topping the consensus estimate of $3.41 by $0.69. The business had revenue of $38.35 billion for the quarter, compared to the consensus estimate of $35.77 billion. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The firm’s revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.63 EPS. Equities research analysts anticipate that JPMorgan Chase & Co. will post 12.73 EPS for the current year.
JPMorgan Chase & Co. Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.52%.
Analyst Ratings Changes
A number of equities research analysts recently commented on JPM shares. Morgan Stanley increased their price target on JPMorgan Chase & Co. from $153.00 to $157.00 and gave the stock an “overweight” rating in a research report on Monday. Royal Bank of Canada dropped their price objective on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a research report on Friday, March 24th. StockNews.com started coverage on JPMorgan Chase & Co. in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods boosted their target price on JPMorgan Chase & Co. from $131.00 to $155.00 and gave the stock a “market perform” rating in a research report on Monday. Finally, UBS Group set a $156.00 price target on JPMorgan Chase & Co. in a 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 company. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus target price of $154.67.
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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