Benjamin F. Edwards & Company Inc. trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,815 shares of the financial services provider’s stock after selling 1,026 shares during the quarter. JPMorgan Chase & Co. makes up approximately 0.6% of Benjamin F. Edwards & Company Inc.’s investment portfolio, making the stock its 28th largest position. Benjamin F. Edwards & Company Inc.’s holdings in JPMorgan Chase & Co. were worth $13,251,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the business. Retirement Financial Solutions LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at $26,000. Creative Capital Management Investments LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at $30,000. Capital Directions Investment Advisors LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at $44,000. Bellwether Advisors LLC raised its stake in JPMorgan Chase & Co. by 119.1% in the 3rd quarter. Bellwether Advisors LLC now owns 493 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 268 shares during the last quarter. Finally, Delos Wealth Advisors LLC raised its stake in JPMorgan Chase & Co. by 24.4% in the 3rd quarter. Delos Wealth Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 99 shares during the last quarter. 67.89% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms recently commented on JPM. Wells Fargo & Company increased their price objective on JPMorgan Chase & Co. from $155.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, April 17th. Oppenheimer upped their target price on JPMorgan Chase & Co. from $157.00 to $192.00 and gave the company an “outperformer” rating in a report on Monday, April 17th. Keefe, Bruyette & Woods upped their target price on JPMorgan Chase & Co. from $131.00 to $155.00 and gave the company a “market perform” rating in a report on Monday, April 17th. UBS Group set a $156.00 target price on JPMorgan Chase & Co. in a report on Friday, January 13th. Finally, Bank of America upped their target price on JPMorgan Chase & Co. from $152.00 to $158.00 and gave the company a “buy” rating in a report on Monday, April 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus 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 announced its earnings results on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, beating 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 business posted $2.63 EPS. JPMorgan Chase & Co.’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. Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Sunday, April 30th. Investors of record on Thursday, April 6th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 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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