Alley Investment Management Company LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,878 shares of the financial services provider’s stock after selling 1,584 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 2.8% of Alley Investment Management Company LLC’s holdings, making the stock its 6th largest position. Alley Investment Management Company LLC’s holdings in JPMorgan Chase & Co. were worth $16,478,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Retirement Financial Solutions LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $26,000. Creative Capital Management Investments LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $30,000. Capital Directions Investment Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $44,000. VitalStone Financial LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $58,000. Finally, Marshall & Sullivan Inc. WA acquired a new position in JPMorgan Chase & Co. in the fourth quarter worth approximately $60,000. 67.89% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Morgan Stanley raised their price objective on JPMorgan Chase & Co. from $153.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday, April 17th. Wells Fargo & Company increased their price target on shares of JPMorgan Chase & Co. from $155.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, April 17th. Barclays reduced their price objective on shares of JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating for the company in a research note on Wednesday, April 12th. Evercore ISI decreased their price target on shares of JPMorgan Chase & Co. from $157.00 to $146.00 and set an “outperform” rating for the company in a report on Wednesday, April 5th. Finally, UBS Group set a $156.00 price objective on JPMorgan Chase & Co. in a research report on Friday, January 13th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $155.00.
JPMorgan Chase & Co. Stock Up 0.1 %
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released 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. The company had revenue of $38.35 billion during the quarter, compared to analyst estimates of $35.77 billion. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.63 earnings per share. Sell-side analysts predict that JPMorgan Chase & Co. will post 14.33 EPS for the current year.
JPMorgan Chase & Co. Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date was Wednesday, April 5th. JPMorgan Chase & Co.’s 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.
Further Reading
- Get a free copy of the StockNews.com research report on JPMorgan Chase & Co. (JPM)
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