First National Bank of South Miami lowered its position in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 2.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,959 shares of the financial services provider’s stock after selling 304 shares during the period. JPMorgan Chase & Co. makes up about 1.1% of First National Bank of South Miami’s investment portfolio, making the stock its 17th biggest position. First National Bank of South Miami’s holdings in JPMorgan Chase & Co. were worth $1,428,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of JPM. Retirement Financial Solutions LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $26,000. Creative Capital Management Investments LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $30,000. Adirondack Retirement Specialists Inc. lifted its stake in 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 buying an additional 189 shares in the last quarter. Boulder Wealth Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $43,000. Finally, Capital Directions Investment Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $44,000. Institutional investors and hedge funds own 70.10% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on JPM shares. Royal Bank of Canada reduced their price target 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. Citigroup reduced their price target on JPMorgan Chase & Co. from $165.00 to $160.00 in a research note on Monday. StockNews.com started coverage on JPMorgan Chase & Co. in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $155.00 to $165.00 and gave the stock an “overweight” rating in a research note on Monday, April 17th. Finally, Keefe, Bruyette & Woods increased their price target on JPMorgan Chase & Co. from $131.00 to $155.00 and gave the stock a “market perform” rating in a research note on Monday, April 17th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $157.35.
Insider Activity
JPMorgan Chase & Co. Stock Up 3.5 %
Shares of NYSE JPM opened at $143.43 on Friday. JPMorgan Chase & Co. has a 12-month low of $101.28 and a 12-month high of $144.34. The company has a market cap of $419.14 billion, a P/E ratio of 10.59, a P/E/G ratio of 1.93 and a beta of 1.10. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. The stock has a fifty day moving average price of $138.66 and a 200 day moving average price of $136.69.
JPMorgan Chase & Co. (NYSE:JPM – Free Report) last announced its earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.69. The company had revenue of $38.35 billion during the quarter, compared to the consensus estimate of $35.77 billion. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The company’s revenue was up 24.8% on a year-over-year basis. During the same period last year, the firm earned $2.63 earnings per share. Research analysts anticipate that JPMorgan Chase & Co. will post 14.46 EPS for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 6th will be paid a dividend of $1.00 per share. The ex-dividend date is Wednesday, July 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.79%. JPMorgan Chase & Co.’s dividend payout ratio is presently 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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