Milestone Asset Management LLC acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,315 shares of the financial services provider’s stock, valued at approximately $318,000.
Other hedge funds have also recently bought and sold shares of the company. Twin Lakes Capital Management LLC increased its holdings in JPMorgan Chase & Co. by 0.5% during the 4th quarter. Twin Lakes Capital Management LLC now owns 13,786 shares of the financial services provider’s stock valued at $1,849,000 after purchasing an additional 71 shares during the period. Premier Asset Management LLC raised its position in JPMorgan Chase & Co. by 1.7% during the 3rd quarter. Premier Asset Management LLC now owns 4,635 shares of the financial services provider’s stock valued at $484,000 after purchasing an additional 77 shares during the last quarter. Sage Rhino Capital LLC raised its position in JPMorgan Chase & Co. by 0.8% during the 4th quarter. Sage Rhino Capital LLC now owns 9,478 shares of the financial services provider’s stock valued at $1,271,000 after purchasing an additional 78 shares during the last quarter. Trellis Advisors LLC raised its position in JPMorgan Chase & Co. by 2.8% during the 3rd quarter. Trellis Advisors LLC now owns 2,897 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 79 shares during the last quarter. Finally, Karpas Strategies LLC raised its position in JPMorgan Chase & Co. by 0.4% during the 3rd quarter. Karpas Strategies LLC now owns 21,537 shares of the financial services provider’s stock valued at $2,251,000 after purchasing an additional 80 shares during the last quarter. 67.89% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have commented on JPM shares. The Goldman Sachs Group upped their price objective on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a report on Friday, April 14th. Credit Suisse Group increased their target price on JPMorgan Chase & Co. from $155.00 to $160.00 in a research report on Tuesday, April 18th. Citigroup increased their target price on JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday, January 17th. Royal Bank of Canada decreased their target price on 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. Finally, Evercore ISI decreased their target price 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 investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $155.00.
JPMorgan Chase & Co. Stock Performance
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 analysts’ consensus estimates of $3.41 by $0.69. The firm had revenue of $38.35 billion for the quarter, compared to the consensus estimate of $35.77 billion. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.63 EPS. As a group, analysts anticipate that JPMorgan Chase & Co. will post 14 EPS for the current year.
JPMorgan Chase & Co. Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th were paid a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.94%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 29.52%.
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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