Ayalon Holdings Ltd. acquired a new stake in JPMorgan Chase & Co. (NYSE:JPM) in the 4th quarter, HoldingsChannel reports. The fund acquired 9,900 shares of the financial services provider’s stock, valued at approximately $1,059,000. JPMorgan Chase & Co. accounts for about 0.9% of Ayalon Holdings Ltd.’s portfolio, making the stock its 26th biggest position.
A number of other large investors also recently modified their holdings of JPM. Private Vista LLC bought a new position in JPMorgan Chase & Co. in the 2nd quarter valued at approximately $102,000. Kohmann Bosshard Financial Services LLC bought a new position in JPMorgan Chase & Co. in the 3rd quarter valued at approximately $102,000. Welch Investments LLC bought a new position in JPMorgan Chase & Co. in the 3rd quarter valued at approximately $103,000. Legacy Advisors LLC bought a new position in JPMorgan Chase & Co. in the 3rd quarter valued at approximately $106,000. Finally, Atlantic Trust LLC bought a new position in JPMorgan Chase & Co. in the 2nd quarter valued at approximately $136,000. 74.47% of the stock is owned by institutional investors and hedge funds.
Shares of JPM stock opened at $107.01 on Friday. JPMorgan Chase & Co. has a 12-month low of $81.64 and a 12-month high of $119.33. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $393,782.97, a price-to-earnings ratio of 16.99, a PEG ratio of 1.93 and a beta of 1.18.
JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.07. The company had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. JPMorgan Chase & Co.’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.71 earnings per share. research analysts anticipate that JPMorgan Chase & Co. will post 8.9 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 6th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Thursday, April 5th. JPMorgan Chase & Co.’s payout ratio is 35.56%.
Several research firms have recently issued reports on JPM. Vetr raised shares of JPMorgan Chase & Co. from a “buy” rating to a “strong-buy” rating and set a $123.29 price target for the company in a research note on Friday. Edward Jones raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday. Credit Suisse Group raised their price target on shares of JPMorgan Chase & Co. from $125.00 to $127.00 and gave the company an “outperform” rating in a research note on Monday, March 19th. Finally, BMO Capital Markets raised their price target on shares of JPMorgan Chase & Co. from $110.00 to $111.00 and gave the company a “market perform” rating in a research note on Wednesday, February 28th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. JPMorgan Chase & Co. currently has an average rating of “Buy” and an average price target of $112.14.
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 17,729 shares of the firm’s 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 completion of the sale, the general counsel now directly owns 21,260 shares in the company, valued at $2,388,135.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Peter Scher sold 26,532 shares of the firm’s 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 disclosure for this sale can be found here. Insiders sold 152,047 shares of company stock valued at $17,098,115 over the last 90 days. Corporate insiders own 0.88% of the company’s stock.
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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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