Core Alternative Capital boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 28.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,539 shares of the financial services provider’s stock after purchasing an additional 40,692 shares during the period. JPMorgan Chase & Co. comprises about 3.1% of Core Alternative Capital’s portfolio, making the stock its 2nd largest holding. Core Alternative Capital’s holdings in JPMorgan Chase & Co. were worth $24,478,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Retirement Financial Solutions LLC bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $26,000. Creative Capital Management Investments LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $30,000. Bellwether Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 119.1% during the 3rd quarter. Bellwether Advisors LLC now owns 493 shares of the financial services provider’s stock worth $51,000 after buying an additional 268 shares during the period. Delos Wealth Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 24.4% during the 3rd quarter. Delos Wealth Advisors LLC now owns 505 shares of the financial services provider’s stock worth $53,000 after buying an additional 99 shares during the period. Finally, VitalStone Financial LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $58,000. Institutional investors own 67.89% of the company’s stock.
Analysts Set New Price Targets
Several analysts recently commented on JPM shares. Morgan Stanley lifted their target price on shares of JPMorgan Chase & Co. from $153.00 to $157.00 and gave the stock an “overweight” rating in a report on Monday. Credit Suisse Group lifted their target price on shares of JPMorgan Chase & Co. from $155.00 to $160.00 in a report on Tuesday. Royal Bank of Canada reduced their target price on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a report on Friday, March 24th. UBS Group set a $156.00 target price on shares of JPMorgan Chase & Co. in a report on Friday, January 13th. Finally, Barclays dropped their price objective on shares of JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating for the company in a research note on Wednesday, April 12th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $154.94.
JPMorgan Chase & Co. Trading Down 0.3 %
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its quarterly earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.69. The company had revenue of $38.35 billion for the quarter, compared to analyst estimates of $35.77 billion. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. The firm’s revenue was up 24.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.63 EPS. Equities research analysts forecast that JPMorgan Chase & Co. will post 13.76 earnings per share for the current fiscal 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 issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.52%.
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.
Featured Articles
- Get a free copy of the StockNews.com research report on JPMorgan Chase & Co. (JPM)
- Finding New Technology to Invest in: A Guide
- Genuine Parts Company Is Genuinely A Good Buy
- Healthcare Sector: Overview and Keys to Investing
- Can D.R. Horton Shares Raise The Roof, Or Is This The Ceiling?
- American Express Growth Riding On Joyful Consumer Spending
Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Get Rating).
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.
