Walter & Keenan Financial Consulting Co. MI ADV raised its position in shares of JPMorgan Chase (NYSE:JPM) by 6.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 71,853 shares of the financial services provider’s stock after purchasing an additional 4,083 shares during the quarter. JPMorgan Chase comprises about 3.2% of Walter & Keenan Financial Consulting Co. MI ADV’s investment portfolio, making the stock its 4th largest position. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in JPMorgan Chase were worth $7,684,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of JPMorgan Chase during the 3rd quarter worth approximately $102,000. Welch Investments LLC acquired a new stake in shares of JPMorgan Chase during the 3rd quarter worth approximately $103,000. Legacy Advisors LLC acquired a new stake in shares of JPMorgan Chase during the 3rd quarter worth approximately $106,000. Cerebellum GP LLC acquired a new stake in shares of JPMorgan Chase during the 4th quarter worth approximately $119,000. Finally, Atlantic Trust LLC acquired a new stake in shares of JPMorgan Chase during the 2nd quarter worth approximately $136,000. Hedge funds and other institutional investors own 74.50% of the company’s stock.
A number of analysts have recently weighed in on JPM shares. Argus increased their price target on JPMorgan Chase from $109.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. Nomura set a $115.00 price objective on JPMorgan Chase and gave the stock a “neutral” rating in a report on Friday, January 12th. Credit Suisse Group reissued an “outperform” rating and issued a $125.00 price objective (up from $120.00) on shares of JPMorgan Chase in a report on Tuesday, January 16th. Barclays increased their price objective on JPMorgan Chase from $105.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Finally, Wells Fargo set a $120.00 price objective on JPMorgan Chase and gave the stock a “buy” rating in a report on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $112.58.
Shares of NYSE JPM opened at $109.09 on Monday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $374,392.41, a price-to-earnings ratio of 15.88, a PEG ratio of 1.84 and a beta of 1.24. JPMorgan Chase has a 1 year low of $81.64 and a 1 year high of $119.33.
JPMorgan Chase (NYSE:JPM) last issued its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. The firm had revenue of $24.15 billion during the quarter, compared to analyst estimates of $24.87 billion. JPMorgan Chase had a return on equity of 11.63% and a net margin of 21.46%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the company posted $1.71 EPS. equities research analysts forecast that JPMorgan Chase will post 8.89 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 6th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Thursday, April 5th. JPMorgan Chase’s payout ratio is currently 32.61%.
In other news, insider Ashley Bacon sold 16,434 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the completion of the sale, the insider now directly owns 98,811 shares of the company’s stock, valued at approximately $11,088,570.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 value of $3,009,259.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 152,047 shares of company stock valued at $17,098,115. 0.88% of the stock is currently owned by corporate insiders.
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JPMorgan Chase Profile
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.
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