Prospera Financial Services Inc reduced its stake in shares of JPMorgan Chase (NYSE:JPM) by 10.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 31,028 shares of the financial services provider’s stock after selling 3,649 shares during the period. Prospera Financial Services Inc’s holdings in JPMorgan Chase were worth $3,346,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of JPM. Kohmann Bosshard Financial Services LLC bought a new position in shares of JPMorgan Chase in the third quarter valued at approximately $102,000. Welch Investments LLC bought a new position in shares of JPMorgan Chase in the third quarter valued at approximately $103,000. Cerebellum GP LLC bought a new position in shares of JPMorgan Chase in the fourth quarter valued at approximately $119,000. Legacy Advisors LLC bought a new position in shares of JPMorgan Chase in the third quarter valued at approximately $106,000. Finally, Atlantic Trust LLC bought a new position in shares of JPMorgan Chase in the second quarter valued at approximately $136,000. 74.50% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on the company. Vetr lowered JPMorgan Chase from a “strong-buy” rating to a “buy” rating and set a $123.29 target price for the company. in a report on Thursday. ValuEngine lowered JPMorgan Chase from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Vining Sparks reaffirmed a “buy” rating and issued a $130.00 target price on shares of JPMorgan Chase in a report on Friday. Zacks Investment Research lowered JPMorgan Chase from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Finally, Nomura upped their target price on JPMorgan Chase from $113.00 to $117.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $112.58.
In other JPMorgan Chase 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ashley Bacon sold 16,434 shares of the stock in a transaction on 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 sale, the insider now owns 98,811 shares in the company, valued at approximately $11,088,570.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 152,047 shares of company stock worth $17,098,115. Company insiders own 0.88% of the company’s stock.
NYSE:JPM opened at $109.09 on Monday. The firm has a market cap of $374,392.41, a price-to-earnings ratio of 15.88, a P/E/G 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. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.24.
JPMorgan Chase (NYSE:JPM) last posted its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.07. The firm had revenue of $24.15 billion for the quarter, compared to the consensus estimate of $24.87 billion. JPMorgan Chase had a return on equity of 11.63% and a net margin of 21.46%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.71 earnings per share. analysts predict that JPMorgan Chase will post 8.89 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 6th will be given a dividend of $0.56 per share. The ex-dividend date is Thursday, April 5th. This represents a $2.24 annualized dividend and a dividend yield of 2.05%. JPMorgan Chase’s dividend payout ratio is currently 32.61%.
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About JPMorgan Chase
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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