Hartline Investment Corp increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 94.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 12,842 shares of the financial services provider’s stock after acquiring an additional 6,227 shares during the period. Hartline Investment Corp’s holdings in JPMorgan Chase & Co. were worth $1,722,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Retirement Financial Solutions LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $26,000. Creative Capital Management Investments LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $30,000. Capital Directions Investment Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $44,000. Bellwether Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 119.1% in the third quarter. Bellwether Advisors LLC now owns 493 shares of the financial services provider’s stock valued at $51,000 after buying an additional 268 shares in the last quarter. Finally, Delos Wealth Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 24.4% in the third quarter. Delos Wealth Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $53,000 after buying an additional 99 shares in the last quarter. Institutional investors and hedge funds own 67.89% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on JPM shares. Oppenheimer lifted their price objective on JPMorgan Chase & Co. from $157.00 to $192.00 and gave the company an “outperformer” rating in a research note on Monday, April 17th. 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 report on Friday, March 24th. Deutsche Bank Aktiengesellschaft cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and dropped their price objective for the company from $155.00 to $145.00 in a report on Friday, January 6th. Citigroup lifted their price objective on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a report on Tuesday, January 17th. Finally, StockNews.com initiated coverage on JPMorgan Chase & Co. in a research note on Thursday, March 16th. They set a “hold” rating for the company. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $155.00.
JPMorgan Chase & Co. Stock Down 2.1 %
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 analysts’ consensus estimates of $3.41 by $0.69. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The company had revenue of $38.35 billion during the quarter, compared to analysts’ expectations of $35.77 billion. During the same period last year, the firm earned $2.63 EPS. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. As a group, research analysts expect that JPMorgan Chase & Co. will post 14 earnings per share for the current year.
JPMorgan Chase & Co. Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend was Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.52%.
About JPMorgan Chase & Co.
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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