Essex LLC lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,701 shares of the financial services provider’s stock after purchasing an additional 1,055 shares during the period. JPMorgan Chase & Co. comprises approximately 1.4% of Essex LLC’s investment portfolio, making the stock its 20th largest holding. Essex LLC’s holdings in JPMorgan Chase & Co. were worth $4,788,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Retirement Financial Solutions LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth 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. VitalStone Financial LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $58,000. Marshall & Sullivan Inc. WA purchased a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $60,000. Finally, Iron Horse Wealth Management LLC grew its holdings in JPMorgan Chase & Co. by 9,000.0% during the 4th quarter. Iron Horse Wealth Management LLC now owns 455 shares of the financial services provider’s stock valued at $61,000 after buying an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 67.89% of the company’s stock.
JPMorgan Chase & Co. Stock Performance
NYSE:JPM opened at $141.40 on Wednesday. The business has a 50 day moving average of $134.90 and a 200 day moving average of $131.71. The company has a market capitalization of $414.51 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 2.18 and a beta of 1.10. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $144.34. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.85 and a quick ratio of 0.84.
JPMorgan Chase & Co. Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th will be given a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $4.00 annualized dividend and a yield of 2.83%. JPMorgan Chase & Co.’s payout ratio is currently 29.52%.
Insider Buying and Selling at JPMorgan Chase & Co.
In related news, Director Mellody L. Hobson acquired 375 shares of the stock in a transaction on Thursday, January 19th. The stock was purchased at an average price of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the transaction, the director now owns 22,040 shares of the company’s stock, 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. Corporate insiders own 0.79% of the company’s stock.
Analyst Ratings Changes
JPM has been the subject of a number of recent analyst reports. Citigroup lifted their target price on JPMorgan Chase & Co. from $150.00 to $165.00 in a report on Tuesday, January 17th. Deutsche Bank Aktiengesellschaft lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and reduced their target price for the company from $155.00 to $145.00 in a report on Friday, January 6th. Wells Fargo & Company lifted their price target on JPMorgan Chase & Co. from $155.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday. StockNews.com began coverage on JPMorgan Chase & Co. in a research report on Thursday, March 16th. They set a “hold” rating for the company. Finally, Morgan Stanley lifted their price target on JPMorgan Chase & Co. from $153.00 to $157.00 and gave the company an “overweight” rating in a research report on Monday. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $154.94.
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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