Annex Advisory Services LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,616 shares of the financial services provider’s stock after purchasing an additional 1,410 shares during the period. Annex Advisory Services LLC’s holdings in JPMorgan Chase & Co. were worth $1,491,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. Private Vista LLC purchased a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $102,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at $102,000. Legacy Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at $106,000. Atlantic Trust LLC purchased a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $136,000. Finally, Northwest Investment Counselors LLC purchased a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $165,000. 73.78% of the stock is currently owned by institutional investors.
A number of brokerages have recently commented on JPM. Jefferies Group set a $111.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday, October 13th. BMO Capital Markets raised their target price on shares of JPMorgan Chase & Co. from $86.00 to $91.00 and gave the company a “market perform” rating in a research note on Friday, October 13th. Buckingham Research raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research note on Thursday, December 21st. Nomura set a $115.00 target price on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a research note on Friday, January 12th. Finally, DZ Bank raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $105.81.
Shares of JPMorgan Chase & Co. (NYSE JPM) opened at $113.01 on Friday. The firm has a market cap of $392,110.00, a price-to-earnings ratio of 16.33, a P/E/G ratio of 1.94 and a beta of 1.22. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $114.34. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24.
JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.07. The business had revenue of $24.15 billion during the quarter, compared to analyst estimates of $24.87 billion. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the business earned $1.71 EPS. equities analysts anticipate that JPMorgan Chase & Co. will post 8.78 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.37%.
In other JPMorgan Chase & Co. news, CFO Marianne Lake sold 9,194 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total transaction of $1,031,750.68. Following the completion of the transaction, the chief financial officer now directly owns 49,637 shares of the company’s stock, valued at approximately $5,570,264.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mary E. Erdoes sold 65,101 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $112.25, for a total transaction of $7,307,587.25. Following the transaction, the chief executive officer now directly owns 479,882 shares of the company’s stock, valued at $53,866,754.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 154,146 shares of company stock valued at $17,312,129. 0.88% of the stock is owned by company insiders.
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JPMorgan Chase & Co. 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.
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