Parkside Investments LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 10.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,593 shares of the financial services provider’s stock after acquiring an additional 326 shares during the period. Parkside Investments LLC’s holdings in JPMorgan Chase & Co. were worth $468,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Retirement Financial Solutions LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at approximately $26,000. Adirondack Retirement Specialists Inc. increased its holdings in shares of JPMorgan Chase & Co. by 510.8% during 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 in the last quarter. Creative Capital Management Investments LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at approximately $30,000. Boulder Wealth Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. during 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 valued at approximately $44,000. 70.10% of the stock is currently owned by institutional investors and hedge funds.
JPMorgan Chase & Co. Trading Up 1.4 %
Shares of JPM opened at $145.44 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. JPMorgan Chase & Co. has a 12-month low of $101.28 and a 12-month high of $146.00. The firm has a 50-day moving average price of $138.75 and a 200 day moving average price of $136.78. The firm has a market capitalization of $425.02 billion, a P/E ratio of 10.73, a P/E/G ratio of 1.97 and a beta of 1.10.
JPMorgan Chase & Co. Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 6th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.52%.
Analysts Set New Price Targets
Several research firms have recently weighed in on JPM. Jefferies Financial Group cut their target price on shares of JPMorgan Chase & Co. from $152.00 to $149.00 in a report on Monday, May 15th. 92 Resources reissued a “maintains” rating on shares of JPMorgan Chase & Co. in a report on Friday, May 12th. Oppenheimer boosted their price target on shares of JPMorgan Chase & Co. from $157.00 to $192.00 and gave the stock an “outperformer” rating in a report on Monday, April 17th. Odeon Capital Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Monday, May 1st. Finally, Royal Bank of Canada cut their price target on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a report on Friday, March 24th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $157.35.
Insider Activity at JPMorgan Chase & Co.
In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,240 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $135.02, for a total transaction of $167,424.80. Following the completion of the transaction, the insider now owns 45,056 shares of the company’s stock, valued at $6,083,461.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,240 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $135.02, for a total transaction of $167,424.80. Following the completion of the transaction, the insider now owns 45,056 shares of the company’s stock, valued at $6,083,461.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jennifer Piepszak sold 1,871 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $140.70, for a total transaction of $263,249.70. Following the transaction, the chief executive officer now directly owns 22,926 shares of the company’s stock, valued at approximately $3,225,688.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 145,861 shares of company stock valued at $19,858,275. 0.79% of the stock is owned by company insiders.
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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