Garland Capital Management Inc. cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 62,255 shares of the financial services provider’s stock after selling 2,000 shares during the period. JPMorgan Chase & Co. makes up 3.8% of Garland Capital Management Inc.’s investment portfolio, making the stock its 4th biggest holding. Garland Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $5,946,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Private Vista LLC purchased a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at approximately $102,000. Kohmann Bosshard Financial Services LLC purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at approximately $102,000. Welch Investments LLC purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at approximately $103,000. Legacy Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at approximately $106,000. Finally, Atlantic Trust LLC purchased a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth approximately $136,000. 73.02% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on the company. Vetr raised JPMorgan Chase & Co. from a “strong sell” rating to a “sell” rating and set a $102.07 target price for the company in a research note on Tuesday, February 6th. Keefe, Bruyette & Woods raised JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $127.00 target price for the company in a research note on Tuesday, February 13th. ValuEngine raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Morgan Stanley increased their target price on JPMorgan Chase & Co. from $128.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Bank of America set a $119.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Monday, January 15th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $108.71.
Shares of JPMorgan Chase & Co. (JPM) opened at $114.68 on Tuesday. The firm has a market capitalization of $397,910.00, a P/E ratio of 17.97, a P/E/G ratio of 1.96 and a beta of 1.22. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $117.35.
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, topping analysts’ consensus estimates of $1.69 by $0.07. The business had revenue of $24.15 billion for the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.71 EPS. analysts expect that JPMorgan Chase & Co. will post 8.78 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 5th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.11%.
In other JPMorgan Chase & Co. news, insider Peter Scher sold 26,532 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $113.42, for a total transaction of $3,009,259.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel Stacey Friedman sold 17,729 shares of the stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $112.33, for a total value of $1,991,498.57. Following the sale, the general counsel now owns 21,260 shares in the company, valued at approximately $2,388,135.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 152,047 shares of company stock worth $17,098,115. 0.88% of the stock is owned by insiders.
TRADEMARK VIOLATION NOTICE: “JPMorgan Chase & Co. (JPM) Holdings Reduced by Garland Capital Management Inc.” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another website, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/02/20/jpmorgan-chase-co-jpm-holdings-reduced-by-garland-capital-management-inc.html.
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.
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.