Affinity Investment Advisors LLC lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 30.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,941 shares of the financial services provider’s stock after purchasing an additional 6,752 shares during the period. JPMorgan Chase & Co. comprises about 2.0% of Affinity Investment Advisors LLC’s holdings, making the stock its 3rd largest position. Affinity Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $3,771,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Twin Lakes Capital Management LLC raised its stake in shares of JPMorgan Chase & Co. by 0.5% in the fourth quarter. Twin Lakes Capital Management LLC now owns 13,786 shares of the financial services provider’s stock worth $1,849,000 after acquiring an additional 71 shares during the last quarter. Karpas Strategies LLC raised its stake in shares of JPMorgan Chase & Co. by 0.3% in the fourth quarter. Karpas Strategies LLC now owns 21,608 shares of the financial services provider’s stock worth $2,898,000 after acquiring an additional 71 shares during the last quarter. Oxler Private Wealth LLC raised its stake in shares of JPMorgan Chase & Co. by 0.9% in the fourth quarter. Oxler Private Wealth LLC now owns 8,158 shares of the financial services provider’s stock worth $1,094,000 after acquiring an additional 71 shares during the last quarter. Sanford Advisory Services LLC raised its stake in shares of JPMorgan Chase & Co. by 2.4% in the fourth quarter. Sanford Advisory Services LLC now owns 3,176 shares of the financial services provider’s stock worth $426,000 after acquiring an additional 73 shares during the last quarter. Finally, Gould Asset Management LLC CA raised its stake in shares of JPMorgan Chase & Co. by 1.2% during the fourth quarter. Gould Asset Management LLC CA now owns 6,580 shares of the financial services provider’s stock worth $882,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 70.10% of the company’s stock.
JPMorgan Chase & Co. Stock Up 0.5 %
JPMorgan Chase & Co. stock opened at $156.76 on Tuesday. The stock has a market capitalization of $458.10 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $159.38. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.28. The company has a 50 day moving average of $146.36 and a 200-day moving average of $139.84.
JPMorgan Chase & Co. Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Thursday, July 6th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend was Wednesday, July 5th. JPMorgan Chase & Co.’s payout ratio is 25.74%.
Insider Buying and Selling
In related news, CEO Douglas B. Petno sold 4,932 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $134.90, for a total transaction of $665,326.80. Following the completion of the transaction, the chief executive officer now owns 282,091 shares in the company, valued at $38,054,075.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Ashley Bacon sold 16,766 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $135.00, for a total transaction of $2,263,410.00. Following the completion of the transaction, the insider now owns 195,356 shares in the company, valued at $26,373,060. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas B. Petno sold 4,932 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $134.90, for a total transaction of $665,326.80. Following the transaction, the chief executive officer now owns 282,091 shares of the company’s stock, valued at approximately $38,054,075.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 145,861 shares of company stock worth $19,858,275. 0.79% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on JPM shares. 888 reissued a “maintains” rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 26th. Keefe, Bruyette & Woods boosted their price target on shares of 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. Barclays boosted their price target on shares of JPMorgan Chase & Co. from $179.00 to $182.00 in a research note on Sunday, July 16th. 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 research note on Monday, April 17th. Finally, Credit Suisse Group boosted their price target on shares of JPMorgan Chase & Co. from $160.00 to $170.00 in a research note on Monday, July 17th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $164.39.
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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