Wilbanks Smith & Thomas Asset Management LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 0.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 119,266 shares of the financial services provider’s stock after buying an additional 597 shares during the period. Wilbanks Smith & Thomas Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $15,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of JPM. Cantor Fitzgerald Investment Advisor L.P lifted its holdings in shares of JPMorgan Chase & Co. by 81.1% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock valued at $30,321,000 after purchasing an additional 99,636 shares during the last quarter. BCK Partners Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $2,455,000. LSV Asset Management lifted its holdings in shares of JPMorgan Chase & Co. by 35.6% in the 1st quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock valued at $5,085,000 after purchasing an additional 9,800 shares during the last quarter. Wsfs Capital Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 70.8% in the 1st quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock valued at $575,000 after purchasing an additional 1,749 shares during the last quarter. Finally, Lumature Wealth Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1,451.4% in the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 3,527 shares during the last quarter. 70.10% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, Vice Chairman Peter Scher sold 1,240 shares of the company’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 value of $167,424.80. Following the sale, the insider now owns 45,056 shares in the company, valued at approximately $6,083,461.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Daniel E. Pinto sold 113,640 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $135.93, for a total value of $15,447,085.20. Following the sale, the chief executive officer now owns 566,665 shares of the company’s stock, valued at approximately $77,026,773.45. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Peter Scher sold 1,240 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 45,056 shares in the company, valued at approximately $6,083,461.12. The disclosure for this sale can be found here. Insiders have sold a total of 145,861 shares of company stock worth $19,858,275 in the last quarter. Company insiders own 0.79% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on JPMorgan Chase & Co.
JPMorgan Chase & Co. Stock Performance
NYSE JPM opened at $156.76 on Tuesday. The stock has a market capitalization of $458.10 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 2.05 and a beta of 1.10. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.28. The business’s 50 day moving average is $146.36 and its two-hundred day moving average is $139.84. JPMorgan Chase & Co. has a 12-month low of $101.28 and a 12-month high of $159.38.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings results on Friday, July 14th. The financial services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.62 by $0.75. The business had revenue of $42.40 billion for the quarter, compared to analysts’ expectations of $38.66 billion. JPMorgan Chase & Co. had a return on equity of 17.29% and a net margin of 23.45%. The company’s revenue was up 34.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.76 EPS. Research analysts expect that JPMorgan Chase & Co. will post 15.23 EPS for the current year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Thursday, July 6th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date was 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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