Intrepid Capital Management Inc. lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 12.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,603 shares of the financial services provider’s stock after acquiring an additional 284 shares during the period. Intrepid Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $349,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JPM. Legacy Financial Advisors Inc. raised its position in shares of JPMorgan Chase & Co. by 5.2% in the fourth quarter. Legacy Financial Advisors Inc. now owns 38,177 shares of the financial services provider’s stock valued at $5,120,000 after purchasing an additional 1,881 shares during the period. Pacer Advisors Inc. grew its stake in JPMorgan Chase & Co. by 717.9% in the 4th quarter. Pacer Advisors Inc. now owns 48,904 shares of the financial services provider’s stock valued at $6,558,000 after buying an additional 42,925 shares during the last quarter. 1900 Wealth Management LLC raised its holdings in JPMorgan Chase & Co. by 0.4% in the 4th quarter. 1900 Wealth Management LLC now owns 40,847 shares of the financial services provider’s stock worth $5,478,000 after acquiring an additional 177 shares during the period. Synovus Financial Corp lifted its position in JPMorgan Chase & Co. by 0.8% during the 4th quarter. Synovus Financial Corp now owns 392,912 shares of the financial services provider’s stock worth $52,689,000 after acquiring an additional 3,117 shares during the last quarter. Finally, Gyroscope Capital Management Group LLC boosted its holdings in JPMorgan Chase & Co. by 4.4% during the fourth quarter. Gyroscope Capital Management Group LLC now owns 70,535 shares of the financial services provider’s stock valued at $9,459,000 after acquiring an additional 3,000 shares during the period. 67.89% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts recently weighed in on the company. Oppenheimer boosted their price objective on JPMorgan Chase & Co. from $157.00 to $192.00 and gave the stock an “outperformer” rating in a research report on Monday, April 17th. Barclays cut their price target on JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating for the company in a report on Wednesday, April 12th. StockNews.com started coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. BMO Capital Markets upped their target price on shares of JPMorgan Chase & Co. from $169.00 to $170.00 in a research note on Tuesday. Finally, The Goldman Sachs Group raised their price target on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a research report on Friday, April 14th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $155.00.
JPMorgan Chase & Co. Trading Down 1.6 %
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.69. The company had revenue of $38.35 billion during 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 company’s revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the business posted $2.63 earnings per share. Research analysts expect that JPMorgan Chase & Co. will post 14 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend was Wednesday, April 5th. JPMorgan Chase & Co.’s payout ratio 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.
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