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

Csenge Advisory Group acquired a new stake in JPMorgan Chase & Co. (NYSE:JPM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,469 shares of the financial services provider’s stock, valued at approximately $1,668,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. David R. Rahn & Associates Inc. purchased a new position in JPMorgan Chase & Co. during the second quarter worth about $1,458,000. Ironwood Investment Management LLC increased its holdings 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 buying an additional 2,550 shares in the last quarter. Gamble Jones Investment Counsel increased its holdings 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 buying an additional 276 shares in the last quarter. Grove Bank & Trust increased its holdings 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 buying an additional 1,417 shares in the last quarter. Finally, Lee Danner & Bass Inc. increased its holdings 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 buying an additional 69 shares in the last quarter. Institutional investors own 73.82% of the company’s stock.

In related news, EVP Peter Scher sold 17,057 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.20, for a total transaction of $1,913,795.40. Following the sale, the executive vice president now owns 15,310 shares of the company’s stock, valued at approximately $1,717,782. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James S. Crown purchased 7,280 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The shares were purchased at an average cost of $113.37 per share, for a total transaction of $825,333.60. Following the purchase, the director now directly owns 305,875 shares in the company, valued at $34,677,048.75. The disclosure for this purchase can be found here. In the last three months, insiders sold 152,047 shares of company stock worth $17,098,115. Insiders own 0.88% of the company’s stock.

A number of research analysts have issued reports on the stock. ValuEngine raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Friday. Morgan Stanley increased their price target on shares of JPMorgan Chase & Co. from $128.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday. Robert W. Baird increased their price target on shares of JPMorgan Chase & Co. from $88.00 to $92.00 and gave the company a “neutral” rating in a research report on Friday, October 13th. Oppenheimer reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, October 12th. Finally, Jefferies Group set a $111.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Friday, October 13th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have given a buy rating to the stock. JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus price target of $106.90.

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded down $5.48 during mid-day trading on Monday, hitting $108.80. 29,056,846 shares of the stock were exchanged, compared to its average volume of 13,620,000. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $117.35. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01. The stock has a market cap of $377,510.00, a P/E ratio of 17.05, a PEG ratio of 1.94 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The business had revenue of $24.15 billion for the quarter, compared to the consensus estimate of $24.87 billion. During the same quarter last year, the firm posted $1.71 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. equities analysts forecast that JPMorgan Chase & Co. will post 8.85 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 35.11%.

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About JPMorgan Chase & Co.

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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