Proffitt & Goodson Inc. raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 7.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 8,675 shares of the financial services provider’s stock after acquiring an additional 630 shares during the period. Proffitt & Goodson Inc.’s holdings in JPMorgan Chase & Co. were worth $1,130,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Retirement Financial Solutions LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $26,000. Creative Capital Management Investments LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at $30,000. Adirondack Retirement Specialists Inc. grew 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 acquiring an additional 189 shares in the last quarter. Boulder Wealth Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at $43,000. Finally, Capital Directions Investment Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at $44,000. 70.10% of the stock is owned by institutional investors and hedge funds.
JPMorgan Chase & Co. Stock Performance
NYSE:JPM opened at $153.35 on Tuesday. JPMorgan Chase & Co. has a 12-month low of $101.28 and a 12-month high of $153.75. The company has a quick ratio of 0.85, a current ratio of 0.90 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $448.13 billion, a PE ratio of 9.87, a price-to-earnings-growth ratio of 2.08 and a beta of 1.10. The firm has a 50-day moving average price of $140.86 and a 200 day moving average price of $138.04.
JPMorgan Chase & Co. Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 6th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.61%. The ex-dividend date is Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.74%.
Analyst Upgrades and Downgrades
JPM has been the topic of several research analyst reports. Keefe, Bruyette & Woods boosted their price target on shares of JPMorgan Chase & Co. from $131.00 to $155.00 and gave the company a “market perform” rating in a report on Monday, April 17th. Royal Bank of Canada decreased 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 report on Friday, March 24th. Morgan Stanley upped their price objective on shares of JPMorgan Chase & Co. from $157.00 to $160.00 in a report on Tuesday, May 23rd. Oppenheimer upped their price objective 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. Finally, Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $170.00 price objective for the company in a report on Friday, July 7th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average target price of $161.44.
Insiders Place Their Bets
In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,240 shares of the company’s 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 sale, the insider now directly 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 Securities & Exchange Commission, which is available through this link. In other JPMorgan Chase & Co. news, CEO Daniel E. Pinto sold 113,640 shares of the company’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $135.93, for a total transaction of $15,447,085.20. Following the sale, the chief executive officer now directly owns 566,665 shares of the company’s stock, valued at $77,026,773.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Peter Scher sold 1,240 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $135.02, for a total transaction of $167,424.80. Following the sale, the insider now directly owns 45,056 shares in the company, valued at $6,083,461.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 145,861 shares of company stock valued at $19,858,275. 0.79% of the stock is currently owned by insiders.
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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