WESPAC Advisors LLC decreased its stake in shares of JPMorgan Chase (NYSE:JPM) by 46.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,902 shares of the financial services provider’s stock after selling 3,446 shares during the period. WESPAC Advisors LLC’s holdings in JPMorgan Chase were worth $417,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of JPM. Beach Investment Management LLC. increased its stake in JPMorgan Chase by 1,117.4% in the 2nd quarter. Beach Investment Management LLC. now owns 559,171 shares of the financial services provider’s stock worth $51,108,000 after acquiring an additional 513,241 shares during the last quarter. Smith Chas P & Associates PA Cpas increased its stake in JPMorgan Chase by 0.4% in the 2nd quarter. Smith Chas P & Associates PA Cpas now owns 282,482 shares of the financial services provider’s stock worth $25,819,000 after acquiring an additional 1,220 shares during the last quarter. Miracle Mile Advisors LLC increased its stake in JPMorgan Chase by 13.5% in the 2nd quarter. Miracle Mile Advisors LLC now owns 4,360 shares of the financial services provider’s stock worth $399,000 after acquiring an additional 517 shares during the last quarter. Apriem Advisors increased its stake in JPMorgan Chase by 3.9% in the 2nd quarter. Apriem Advisors now owns 68,022 shares of the financial services provider’s stock worth $6,217,000 after acquiring an additional 2,550 shares during the last quarter. Finally, Cadence Capital Management LLC increased its stake in JPMorgan Chase by 5.3% in the 2nd quarter. Cadence Capital Management LLC now owns 179,581 shares of the financial services provider’s stock worth $16,414,000 after acquiring an additional 9,105 shares during the last quarter. 74.53% of the stock is currently owned by institutional investors and hedge funds.
In other JPMorgan Chase news, Director Mellody L. Hobson acquired 18,000 shares of the company’s stock in a transaction on Monday, April 16th. The stock was acquired at an average price of $111.05 per share, for a total transaction of $1,998,900.00. Following the acquisition, the director now owns 864 shares in the company, valued at approximately $95,947.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.73% of the stock is owned by company insiders.
JPM opened at $110.41 on Wednesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.01 and a current ratio of 1.01. 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 $382,560.47, a P/E ratio of 16.07, a P/E/G ratio of 1.88 and a beta of 1.24.
JPMorgan Chase (NYSE:JPM) last posted its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.09. JPMorgan Chase had a return on equity of 12.60% and a net margin of 22.53%. The business had revenue of $27.90 billion for the quarter, compared to analyst estimates of $27.73 billion. During the same period last year, the company earned $1.65 EPS. JPMorgan Chase’s revenue for the quarter was up 12.0% compared to the same quarter last year. research analysts forecast that JPMorgan Chase will post 8.9 earnings per share for the current fiscal year.
The business also recently declared 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 of this dividend is Thursday, April 5th. This represents a $2.24 annualized dividend and a yield of 2.03%. JPMorgan Chase’s payout ratio is 32.61%.
JPM has been the topic of a number of research analyst reports. Vining Sparks restated a “buy” rating and issued a $120.00 target price on shares of JPMorgan Chase in a research note on Friday, January 12th. Argus increased their price objective on JPMorgan Chase from $109.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, January 12th. Credit Suisse Group upgraded JPMorgan Chase to a “buy” rating and set a $120.00 price objective on the stock in a research report on Friday, January 5th. UBS reiterated a “buy” rating and set a $125.00 price objective (up from $119.00) on shares of JPMorgan Chase in a research report on Tuesday, January 16th. Finally, Bank of America set a $119.00 price objective on JPMorgan Chase and gave the company a “buy” rating in a research report on Monday, January 15th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $112.10.
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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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