Braun Stacey Associates Inc. lessened its stake in shares of JPMorgan Chase (NYSE:JPM) by 4.4% in the 4th quarter, Holdings Channel reports. The firm owned 255,821 shares of the financial services provider’s stock after selling 11,665 shares during the period. JPMorgan Chase accounts for 1.8% of Braun Stacey Associates Inc.’s investment portfolio, making the stock its 3rd largest holding. Braun Stacey Associates Inc.’s holdings in JPMorgan Chase were worth $27,357,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in JPM. Kohmann Bosshard Financial Services LLC acquired a new stake in JPMorgan Chase in the 3rd quarter valued at about $102,000. Welch Investments LLC acquired a new stake in JPMorgan Chase in the 3rd quarter valued at about $103,000. Cerebellum GP LLC acquired a new stake in JPMorgan Chase in the 4th quarter valued at about $119,000. Price Wealth Management Inc. acquired a new stake in JPMorgan Chase in the 4th quarter valued at about $124,000. Finally, Legacy Advisors LLC acquired a new stake in JPMorgan Chase in the 3rd quarter valued at about $106,000. Hedge funds and other institutional investors own 74.49% of the company’s stock.
NYSE:JPM opened at $111.47 on Monday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $382,560.47, a P/E ratio of 16.23, a P/E/G ratio of 1.88 and a beta of 1.24. JPMorgan Chase has a fifty-two week low of $81.64 and a fifty-two week high of $119.33.
JPMorgan Chase (NYSE:JPM) last posted its quarterly earnings data on Friday, April 13th. The financial services provider reported $2.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.28 by $0.09. The firm had revenue of $27.90 billion during the quarter, compared to analysts’ expectations of $27.73 billion. JPMorgan Chase had a net margin of 22.53% and a return on equity of 12.60%. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company posted $1.65 EPS. equities analysts forecast that JPMorgan Chase will post 8.9 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors 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 dividend on an annualized basis and a dividend yield of 2.01%. JPMorgan Chase’s payout ratio is currently 32.61%.
In related news, Director Mellody L. Hobson acquired 18,000 shares of the stock in a transaction that occurred on Monday, April 16th. The stock was purchased at an average price of $111.05 per share, with a total value of $1,998,900.00. Following the transaction, the director now owns 864 shares of the company’s stock, valued at approximately $95,947.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.73% of the company’s stock.
A number of analysts have commented on JPM shares. Vetr downgraded shares of JPMorgan Chase from a “sell” rating to a “strong sell” rating and set a $93.51 price objective for the company. in a report on Wednesday, January 10th. Zacks Investment Research downgraded shares of JPMorgan Chase from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Morgan Stanley increased their price objective on shares of JPMorgan Chase from $133.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. Credit Suisse Group upgraded shares of JPMorgan Chase to a “buy” rating and set a $120.00 price objective for the company in a report on Friday, January 5th. Finally, Vining Sparks reiterated a “buy” rating and issued a $120.00 price objective on shares of JPMorgan Chase in a report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $112.10.
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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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