Vaughan David Investments LLC IL grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 370,001 shares of the financial services provider’s stock after acquiring an additional 204 shares during the period. JPMorgan Chase & Co. accounts for 1.5% of Vaughan David Investments LLC IL’s holdings, making the stock its 10th largest position. Vaughan David Investments LLC IL’s holdings in JPMorgan Chase & Co. were worth $49,617,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of JPM. My Legacy Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 3.2% during the 4th quarter. My Legacy Advisors LLC now owns 10,460 shares of the financial services provider’s stock valued at $1,476,000 after acquiring an additional 329 shares in the last quarter. Virginia Wealth Management Group Inc. grew its position in JPMorgan Chase & Co. by 4.8% during the 4th quarter. Virginia Wealth Management Group Inc. now owns 28,674 shares of the financial services provider’s stock worth $3,845,000 after acquiring an additional 1,322 shares during the last quarter. Regatta Capital Group LLC grew its position in JPMorgan Chase & Co. by 49.5% during the 4th quarter. Regatta Capital Group LLC now owns 20,248 shares of the financial services provider’s stock worth $2,715,000 after acquiring an additional 6,708 shares during the last quarter. Boston Family Office LLC grew its position in JPMorgan Chase & Co. by 0.5% during the 4th quarter. Boston Family Office LLC now owns 70,623 shares of the financial services provider’s stock worth $9,471,000 after acquiring an additional 317 shares during the last quarter. Finally, Fort Pitt Capital Group LLC grew its position in JPMorgan Chase & Co. by 7.0% during the 4th quarter. Fort Pitt Capital Group LLC now owns 182,480 shares of the financial services provider’s stock worth $24,471,000 after acquiring an additional 11,966 shares during the last quarter. Institutional investors and hedge funds own 67.89% of the company’s stock.
Analysts Set New Price Targets
JPM has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price target on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a research report on Friday, April 14th. StockNews.com began coverage on JPMorgan Chase & Co. in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Bank of America increased their price target on JPMorgan Chase & Co. from $152.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, April 17th. BMO Capital Markets lifted their price objective on shares of JPMorgan Chase & Co. from $169.00 to $170.00 in a research note on Tuesday, May 2nd. Finally, Royal Bank of Canada reduced their price target 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. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $155.00.
JPMorgan Chase & Co. Stock Performance
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings data 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. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. The company had revenue of $38.35 billion for the quarter, compared to analyst estimates of $35.77 billion. During the same period last year, the company posted $2.63 earnings per share. JPMorgan Chase & Co.’s revenue was up 24.8% compared to the same quarter last year. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 14.33 EPS for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Sunday, April 30th. Investors of record on Thursday, April 6th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a yield of 2.93%. JPMorgan Chase & Co.’s dividend 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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