Buckingham Capital Management Inc. lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 3.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,730 shares of the financial services provider’s stock after purchasing an additional 1,594 shares during the period. Buckingham Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $5,829,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Cantor Fitzgerald Investment Advisor L.P raised its holdings in shares of JPMorgan Chase & Co. by 81.1% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock worth $30,321,000 after purchasing an additional 99,636 shares during the period. BCK Partners Inc. bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $2,455,000. LSV Asset Management raised its stake in JPMorgan Chase & Co. by 35.6% during the first quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock worth $5,085,000 after acquiring an additional 9,800 shares during the period. Wsfs Capital Management LLC lifted its holdings in JPMorgan Chase & Co. by 70.8% in the first quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock worth $575,000 after acquiring an additional 1,749 shares during the last quarter. Finally, Lumature Wealth Partners LLC boosted its stake in JPMorgan Chase & Co. by 1,451.4% in the first quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 3,527 shares during the period. 70.10% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have recently weighed in on JPM shares. Jefferies Financial Group dropped their price target on JPMorgan Chase & Co. from $152.00 to $149.00 in a research report on Monday, May 15th. Evercore ISI cut their target price on JPMorgan Chase & Co. from $155.00 to $151.00 in a research note on Friday, May 12th. BMO Capital Markets raised their target price on JPMorgan Chase & Co. from $169.00 to $170.00 in a research note on Tuesday, May 2nd. Royal Bank of Canada cut their target price on JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating on the stock in a research note on Friday, March 24th. Finally, Bank of America raised their target price on JPMorgan Chase & Co. from $152.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, April 17th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus price target of $157.65.
Insider Buying and Selling
JPMorgan Chase & Co. Price Performance
Shares of JPM opened at $138.80 on Friday. The firm has a market capitalization of $405.61 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 2.00 and a beta of 1.10. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.85. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $144.34. The stock’s fifty day moving average is $138.71 and its 200-day moving average is $136.46.
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. The firm had revenue of $38.35 billion for the quarter, compared to analyst estimates of $35.77 billion. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. JPMorgan Chase & Co.’s revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.63 earnings per share. Equities analysts anticipate that JPMorgan Chase & Co. will post 14.35 EPS for the current year.
JPMorgan Chase & Co. Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 6th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Wednesday, July 5th. JPMorgan Chase & Co.’s payout ratio is currently 29.52%.
About JPMorgan Chase & Co.
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.
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