Csenge Advisory Group Buys Shares of 17,469 JPMorgan Chase & Co. (JPM)

Csenge Advisory Group bought a new position in JPMorgan Chase & Co. (NYSE:JPM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 17,469 shares of the financial services provider’s stock, valued at approximately $1,668,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. David R. Rahn & Associates Inc. purchased a new position in JPMorgan Chase & Co. in the second quarter valued at about $1,458,000. Ironwood Investment Management LLC raised its position in JPMorgan Chase & Co. by 61.9% in the second quarter. Ironwood Investment Management LLC now owns 6,668 shares of the financial services provider’s stock valued at $609,000 after purchasing an additional 2,550 shares during the period. Gamble Jones Investment Counsel raised its position in JPMorgan Chase & Co. by 0.6% in the second quarter. Gamble Jones Investment Counsel now owns 49,959 shares of the financial services provider’s stock valued at $4,566,000 after purchasing an additional 276 shares during the period. Grove Bank & Trust raised its position in JPMorgan Chase & Co. by 16.9% in the second quarter. Grove Bank & Trust now owns 9,787 shares of the financial services provider’s stock valued at $895,000 after purchasing an additional 1,417 shares during the period. Finally, Lee Danner & Bass Inc. raised its position in JPMorgan Chase & Co. by 0.4% in the second quarter. Lee Danner & Bass Inc. now owns 17,494 shares of the financial services provider’s stock valued at $1,599,000 after purchasing an additional 69 shares during the period. 73.76% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have commented on JPM shares. Wells Fargo & Co raised their price objective on JPMorgan Chase & Co. from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Royal Bank of Canada reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Friday, December 8th. Barclays raised their price objective on JPMorgan Chase & Co. from $105.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. BMO Capital Markets raised their price objective on JPMorgan Chase & Co. from $86.00 to $91.00 and gave the company a “market perform” rating in a research report on Friday, October 13th. Finally, Societe Generale lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the company’s stock. JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus price target of $102.52.

In related news, General Counsel Stacey Friedman sold 2,099 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $101.96, for a total value of $214,014.04. Following the completion of the transaction, the general counsel now directly owns 15,279 shares in the company, valued at $1,557,846.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.88% of the stock is currently owned by company insiders.

Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at $112.67 on Friday. JPMorgan Chase & Co. has a 52-week low of $81.64 and a 52-week high of $112.85. The stock has a market capitalization of $390,930.00, a PE ratio of 16.16, a PEG ratio of 2.01 and a beta of 1.22. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.07. The business had revenue of $24.15 billion for the quarter, compared to analyst estimates of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.71 earnings per share. research analysts predict that JPMorgan Chase & Co. will post 6.9 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a yield of 1.99%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 32.14%.

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JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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