Nadler Financial Group Inc. lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 5.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 4,388 shares of the financial services provider’s stock after selling 243 shares during the period. Nadler Financial Group Inc.’s holdings in JPMorgan Chase & Co. were worth $572,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV grew its holdings in JPMorgan Chase & Co. by 11.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 336,522 shares of the financial services provider’s stock valued at $45,128,000 after purchasing an additional 34,068 shares during the period. Argus Investors Counsel Inc. boosted its position in shares of JPMorgan Chase & Co. by 0.6% during the fourth quarter. Argus Investors Counsel Inc. now owns 24,284 shares of the financial services provider’s stock worth $3,256,000 after purchasing an additional 149 shares in the last quarter. Hixon Zuercher LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.8% in the 4th quarter. Hixon Zuercher LLC now owns 34,276 shares of the financial services provider’s stock valued at $4,596,000 after buying an additional 264 shares during the period. Crew Capital Management Ltd. increased its position in shares of JPMorgan Chase & Co. by 7.2% in the 1st quarter. Crew Capital Management Ltd. now owns 6,286 shares of the financial services provider’s stock valued at $819,000 after buying an additional 424 shares in the last quarter. Finally, CHURCHILL MANAGEMENT Corp raised its stake in JPMorgan Chase & Co. by 3.4% during the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 29,711 shares of the financial services provider’s stock worth $3,872,000 after buying an additional 984 shares during the period. Institutional investors own 70.10% of the company’s stock.
JPMorgan Chase & Co. Stock Performance
NYSE JPM opened at $144.64 on Thursday. The firm’s fifty day moving average price is $139.24 and its two-hundred day moving average price is $137.10. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $147.48. The firm has a market capitalization of $422.68 billion, a P/E ratio of 10.67, a price-to-earnings-growth ratio of 2.02 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.
JPMorgan Chase & Co. Announces Dividend
The firm 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 dividend yield of 2.77%. The ex-dividend date of this dividend is Wednesday, July 5th. JPMorgan Chase & Co.’s payout ratio is presently 29.52%.
Insider Activity at JPMorgan Chase & Co.
In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,240 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $135.02, for a total value of $167,424.80. Following the transaction, the insider now directly owns 45,056 shares in the company, valued at $6,083,461.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Vice Chairman Peter Scher sold 1,240 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $135.02, for a total transaction of $167,424.80. Following the completion of the sale, the insider now owns 45,056 shares in the company, valued at $6,083,461.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ashley Bacon sold 16,766 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $135.00, for a total value of $2,263,410.00. Following the transaction, the insider now owns 195,356 shares in the company, valued at approximately $26,373,060. The disclosure for this sale can be found here. In the last quarter, insiders have sold 145,861 shares of company stock worth $19,858,275. Company insiders own 0.79% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on JPM shares. Evercore ISI decreased their target price on JPMorgan Chase & Co. from $155.00 to $151.00 in a research note on Friday, May 12th. Morgan Stanley increased their target price on JPMorgan Chase & Co. from $157.00 to $160.00 in a research note on Tuesday, May 23rd. Jefferies Financial Group cut their price target on shares of JPMorgan Chase & Co. from $152.00 to $149.00 in a research note on Monday, May 15th. Royal Bank of Canada lowered their price objective on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a research report on Friday, March 24th. Finally, StockNews.com initiated coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $157.35.
JPMorgan Chase & Co. Company 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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