Carmel Capital Management L.L.C. raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.3% in the 1st quarter, HoldingsChannel reports. The fund owned 61,753 shares of the financial services provider’s stock after purchasing an additional 180 shares during the period. JPMorgan Chase & Co. makes up about 4.6% of Carmel Capital Management L.L.C.’s investment portfolio, making the stock its 7th biggest holding. Carmel Capital Management L.L.C.’s holdings in JPMorgan Chase & Co. were worth $8,047,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Retirement Financial Solutions LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at approximately $26,000. Adirondack Retirement Specialists Inc. grew its stake in shares of JPMorgan Chase & Co. by 510.8% in the 1st quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 189 shares during the period. Creative Capital Management Investments LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $30,000. Boulder Wealth Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $43,000. Finally, Capital Directions Investment Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 70.10% of the company’s stock.
JPMorgan Chase & Co. Stock Up 0.2 %
NYSE JPM opened at $139.18 on Tuesday. The stock has a fifty day moving average of $138.70 and a 200-day moving average of $136.58. The stock has a market capitalization of $406.72 billion, a P/E ratio of 10.27, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $144.34. 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. Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 6th will be given a $1.00 dividend. The ex-dividend date is Wednesday, July 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.87%. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.52%.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on JPM shares. Credit Suisse Group upped their price objective on JPMorgan Chase & Co. from $155.00 to $160.00 in a research note on Tuesday, April 18th. Keefe, Bruyette & Woods upped their price objective on JPMorgan Chase & Co. from $131.00 to $155.00 and gave the company a “market perform” rating in a research note on Monday, April 17th. 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 research report on Monday, April 17th. Oppenheimer increased their price target on JPMorgan Chase & Co. from $157.00 to $192.00 and gave the stock an “outperformer” rating in a research report on Monday, April 17th. Finally, The Goldman Sachs Group increased their price target on JPMorgan Chase & Co. from $160.00 to $172.00 in a research report on Friday, April 14th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $157.35.
Insider Transactions at JPMorgan Chase & Co.
In other news, CEO Douglas B. Petno sold 4,930 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $142.16, for a total value of $700,848.80. Following the transaction, the chief executive officer now directly owns 277,161 shares in the company, valued at approximately $39,401,207.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 16,766 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $135.00, for a total transaction of $2,263,410.00. Following the transaction, the insider now directly owns 195,356 shares in the company, valued at $26,373,060. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas B. Petno sold 4,930 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $142.16, for a total value of $700,848.80. Following the transaction, the chief executive officer now owns 277,161 shares in the company, valued at $39,401,207.76. The disclosure for this sale can be found here. Insiders have sold 145,861 shares of company stock worth $19,858,275 in the last three months. Insiders own 0.79% of the company’s stock.
JPMorgan Chase & Co. Profile
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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