ProVise Management Group LLC lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 5.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 112,545 shares of the financial services provider’s stock after purchasing an additional 5,954 shares during the period. JPMorgan Chase & Co. comprises about 1.4% of ProVise Management Group LLC’s investment portfolio, making the stock its 19th biggest position. ProVise Management Group LLC’s holdings in JPMorgan Chase & Co. were worth $14,666,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Twin Lakes Capital Management LLC lifted its position in JPMorgan Chase & Co. by 0.5% in the 4th quarter. Twin Lakes Capital Management LLC now owns 13,786 shares of the financial services provider’s stock valued at $1,849,000 after acquiring an additional 71 shares in the last quarter. Karpas Strategies LLC lifted its holdings in shares of JPMorgan Chase & Co. by 0.3% during the fourth quarter. Karpas Strategies LLC now owns 21,608 shares of the financial services provider’s stock valued at $2,898,000 after purchasing an additional 71 shares in the last quarter. Oxler Private Wealth LLC boosted its position in shares of JPMorgan Chase & Co. by 0.9% during the fourth quarter. Oxler Private Wealth LLC now owns 8,158 shares of the financial services provider’s stock valued at $1,094,000 after buying an additional 71 shares during the last quarter. Sanford Advisory Services LLC increased its holdings in JPMorgan Chase & Co. by 2.4% in the 4th quarter. Sanford Advisory Services LLC now owns 3,176 shares of the financial services provider’s stock worth $426,000 after buying an additional 73 shares in the last quarter. Finally, Gould Asset Management LLC CA raised its position in JPMorgan Chase & Co. by 1.2% in the 4th 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. Hedge funds and other institutional investors own 70.10% of the company’s stock.
Wall Street Analyst Weigh In
JPM has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on shares of JPMorgan Chase & Co. from $160.00 to $173.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. Barclays raised their price target on JPMorgan Chase & Co. from $179.00 to $182.00 in a report on Sunday, July 16th. Societe Generale cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. Citigroup cut shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $160.00 price target on the stock. in a research report on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods boosted their target price on JPMorgan Chase & Co. from $131.00 to $155.00 and gave the company a “market perform” rating in a research report on Monday, April 17th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $164.39.
JPMorgan Chase & Co. Trading Down 1.3 %
NYSE:JPM opened at $153.79 on Thursday. The firm has a 50-day simple moving average of $147.49 and a 200-day simple moving average of $140.24. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $159.38. The firm has a market cap of $446.93 billion, a P/E ratio of 9.90, a P/E/G ratio of 2.06 and a beta of 1.10. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.90 and a current ratio of 0.90.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its quarterly earnings data on Friday, July 14th. The financial services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.75. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 17.29%. The company had revenue of $42.40 billion during the quarter, compared to the consensus estimate of $38.66 billion. During the same quarter in the previous year, the firm posted $2.76 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 34.1% compared to the same quarter last year. Equities analysts anticipate that JPMorgan Chase & Co. will post 15.23 EPS for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Thursday, July 6th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.60%. The ex-dividend date was Wednesday, July 5th. JPMorgan Chase & Co.’s payout ratio is 25.74%.
Insider Activity
In other news, General Counsel Stacey Friedman sold 4,310 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $157.16, for a total transaction of $677,359.60. Following the transaction, the general counsel now directly owns 57,735 shares of the company’s stock, valued at $9,073,632.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, General Counsel Stacey Friedman sold 4,310 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $157.16, for a total transaction of $677,359.60. Following the transaction, the general counsel now owns 57,735 shares in the company, valued at $9,073,632.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Ashley Bacon sold 16,766 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $135.00, for a total transaction of $2,263,410.00. Following the completion of the sale, the insider now owns 195,356 shares of the company’s stock, valued at $26,373,060. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,531 shares of company stock worth $5,088,550. Corporate insiders own 0.79% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than JPMorgan Chase & Co.
- How to Invest in Virtual Reality
- 3 Best Renewable Energy Stocks as Summer Heat Builds
- Best Restaurant Stocks to Invest in Now
- Kinder Morgan Shines With Dividend Yield, Cash Flow, Buybacks
- Stock Splits, Do They Really Impact Investors?
- 3 Stocks to Buy No Matter Which Way Inflation Moves
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.
