R. G. Niederhoffer Capital Management Inc. acquired a new stake in JPMorgan Chase & Co. (NYSE:JPM) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,100 shares of the financial services provider’s stock, valued at approximately $296,000. JPMorgan Chase & Co. accounts for about 1.9% of R. G. Niederhoffer Capital Management Inc.’s holdings, making the stock its 24th largest position.
Other institutional investors and hedge funds also recently modified their holdings of the company. Private Vista LLC purchased a new stake in shares of JPMorgan Chase & Co. during the second quarter worth approximately $102,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of JPMorgan Chase & Co. during the third quarter worth approximately $102,000. Legacy Advisors LLC acquired a new position in JPMorgan Chase & Co. in the third quarter valued at approximately $106,000. Atlantic Trust LLC acquired a new position in JPMorgan Chase & Co. in the second quarter valued at approximately $136,000. Finally, Lipe & Dalton acquired a new position in JPMorgan Chase & Co. in the third quarter valued at approximately $143,000. Hedge funds and other institutional investors own 73.66% of the company’s stock.
Shares of JPMorgan Chase & Co. (JPM) opened at $111.74 on Tuesday. 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 company has a market capitalization of $381,808.63, a price-to-earnings ratio of 17.74, a P/E/G ratio of 1.86 and a beta of 1.23. JPMorgan Chase & Co. has a 52 week low of $81.64 and a 52 week high of $117.35.
JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates 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 11.63% and a net margin of 21.46%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.71 earnings per share. research analysts expect that JPMorgan Chase & Co. will post 8.85 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is 35.56%.
In other JPMorgan Chase & Co. news, insider Peter Scher sold 26,532 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $113.42, for a total value of $3,009,259.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ashley Bacon sold 16,434 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total value of $1,844,223.48. Following the completion of the sale, the insider now directly owns 98,811 shares in the company, valued at $11,088,570.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 152,047 shares of company stock worth $17,098,115. 0.88% of the stock is owned by corporate insiders.
JPM has been the subject of a number of research analyst reports. Buckingham Research raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a report on Thursday, December 21st. Wells Fargo & Co set a $120.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Wednesday, December 20th. Royal Bank of Canada reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Friday, December 8th. Bank of America set a $119.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Monday, January 15th. Finally, Vining Sparks restated a “buy” rating and set a $120.00 price target on shares of JPMorgan Chase & Co. in a research note on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $108.71.
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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.
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