Deprince Race & Zollo Inc. lowered its stake in shares of JPMorgan Chase (NYSE:JPM) by 11.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 334,657 shares of the financial services provider’s stock after selling 44,330 shares during the period. Deprince Race & Zollo Inc.’s holdings in JPMorgan Chase were worth $35,788,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC bought a new stake in JPMorgan Chase during the third quarter worth about $102,000. Welch Investments LLC bought a new stake in JPMorgan Chase during the third quarter worth about $103,000. Cerebellum GP LLC bought a new stake in JPMorgan Chase during the fourth quarter worth about $119,000. Legacy Advisors LLC bought a new stake in JPMorgan Chase during the third quarter worth about $106,000. Finally, Lipe & Dalton bought a new stake in JPMorgan Chase during the third quarter worth about $143,000. 74.49% of the stock is owned by institutional investors and hedge funds.
In related news, General Counsel Stacey Friedman sold 17,729 shares of the stock in a transaction that occurred 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 transaction, the general counsel now directly owns 21,260 shares in the company, valued at $2,388,135.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James S. Crown acquired 7,280 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The stock was acquired at an average price of $113.37 per share, for a total transaction of $825,333.60. Following the completion of the acquisition, the director now directly owns 305,875 shares of the company’s stock, valued at $34,677,048.75. The disclosure for this purchase can be found here. Corporate insiders own 0.73% of the company’s stock.
Several analysts have weighed in on the stock. Nomura upped their price objective on shares of JPMorgan Chase from $113.00 to $117.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. ValuEngine raised shares of JPMorgan Chase from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Jefferies Group reaffirmed a “buy” rating and set a $131.00 price objective (up from $124.00) on shares of JPMorgan Chase in a research note on Wednesday, February 21st. Morgan Stanley upped their price objective on shares of JPMorgan Chase from $128.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, BMO Capital Markets upped their price objective on shares of JPMorgan Chase from $110.00 to $111.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have issued a buy rating to the company. JPMorgan Chase currently has an average rating of “Hold” and a consensus target price of $112.10.
Shares of JPM stock opened at $110.21 on Tuesday. JPMorgan Chase has a 1 year low of $81.64 and a 1 year high of $119.33. The company has a market cap of $378,545.09, a PE ratio of 16.04, a P/E/G ratio of 1.86 and a beta of 1.24. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.19.
JPMorgan Chase (NYSE:JPM) last announced its quarterly earnings data on Friday, April 13th. The financial services provider reported $2.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.09. JPMorgan Chase had a net margin of 22.53% and a return on equity of 12.60%. The business had revenue of $27.90 billion for the quarter, compared to analyst estimates of $27.73 billion. During the same period in the prior year, the business posted $1.65 earnings per share. JPMorgan Chase’s revenue was up 12.0% compared to the same quarter last year. research analysts predict that JPMorgan Chase will post 8.9 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 6th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $2.24 annualized dividend and a yield of 2.03%. JPMorgan Chase’s dividend payout ratio is currently 32.61%.
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JPMorgan Chase Company 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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