Lansing Street Advisors trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 71.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 677 shares of the financial services provider’s stock after selling 1,698 shares during the period. Lansing Street Advisors’ holdings in JPMorgan Chase & Co. were worth $88,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in JPM. Moneta Group Investment Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 105,652.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after acquiring an additional 97,907,897 shares during the period. Norges Bank bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $3,894,646,000. Price T Rowe Associates Inc. MD lifted its holdings in JPMorgan Chase & Co. by 71.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,484,094 shares of the financial services provider’s stock valued at $4,087,917,000 after purchasing an additional 12,654,947 shares during the last quarter. Morgan Stanley lifted its holdings in JPMorgan Chase & Co. by 15.9% during the 4th quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock valued at $7,918,506,000 after purchasing an additional 8,088,433 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $556,791,000. 70.10% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on JPM. Credit Suisse Group lifted their price target on shares of JPMorgan Chase & Co. from $160.00 to $170.00 in a report on Monday, July 17th. Oppenheimer lifted their price target on shares of JPMorgan Chase & Co. from $157.00 to $192.00 and gave the company an “outperformer” rating in a report on Monday, April 17th. Barclays lifted their price target on shares of JPMorgan Chase & Co. from $179.00 to $182.00 in a report on Sunday, July 16th. Odeon Capital Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Monday, May 1st. Finally, 888 reaffirmed a “maintains” rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 26th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $164.65.
Insider Activity at JPMorgan Chase & Co.
JPMorgan Chase & Co. Stock Down 0.8 %
Shares of NYSE:JPM opened at $154.95 on Monday. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $156.59. The company has a 50 day moving average of $142.38 and a 200-day moving average of $138.60. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.90 and a quick ratio of 0.85. The stock has a market cap of $452.81 billion, a price-to-earnings ratio of 9.97, a P/E/G ratio of 2.05 and a beta of 1.10.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its quarterly earnings results on Friday, July 14th. The financial services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $3.62 by $0.75. The company had revenue of $42.40 billion during the quarter, compared to analysts’ expectations of $38.66 billion. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 17.29%. JPMorgan Chase & Co.’s revenue was up 34.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.76 EPS. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 15.15 earnings per share for the current year.
JPMorgan Chase & Co. Announces Dividend
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 dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.74%.
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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