Thoroughbred Financial Services LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,672 shares of the financial services provider’s stock after buying an additional 4,222 shares during the quarter. JPMorgan Chase & Co. comprises 1.4% of Thoroughbred Financial Services LLC’s investment portfolio, making the stock its 8th largest holding. Thoroughbred Financial Services LLC’s holdings in JPMorgan Chase & Co. were worth $8,404,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Twin Lakes Capital Management LLC increased its holdings in shares of 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 worth $1,849,000 after acquiring an additional 71 shares during the last quarter. Karpas Strategies LLC boosted its stake in JPMorgan Chase & Co. by 0.3% in the 4th quarter. Karpas Strategies LLC now owns 21,608 shares of the financial services provider’s stock valued at $2,898,000 after purchasing an additional 71 shares during the period. Premier Asset Management LLC boosted its stake in JPMorgan Chase & Co. by 1.7% in 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 period. Sage Rhino Capital LLC boosted its stake in JPMorgan Chase & Co. by 0.8% in 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 period. Finally, Trellis Advisors LLC boosted its stake in JPMorgan Chase & Co. by 2.8% in 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 period. 67.89% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on JPM. Citigroup upped their price objective on JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday, January 17th. Evercore ISI dropped their price objective 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. Bank of America upped their target price on JPMorgan Chase & Co. from $152.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, April 17th. Credit Suisse Group upped their target price on JPMorgan Chase & Co. from $155.00 to $160.00 in a report on Tuesday, April 18th. Finally, Royal Bank of Canada lowered their target price on 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 analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company 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 released its earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) 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 business had revenue of $38.35 billion during the quarter, compared to the consensus estimate of $35.77 billion. During the same period last year, the business posted $2.63 earnings per share. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 14.33 earnings per share for the current year.
JPMorgan Chase & Co. Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was 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.
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