Mycio Wealth Partners LLC lessened its position in JPMorgan Chase (NYSE:JPM) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,064 shares of the financial services provider’s stock after selling 894 shares during the quarter. Mycio Wealth Partners LLC’s holdings in JPMorgan Chase were worth $2,787,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC purchased a new stake in JPMorgan Chase during the 3rd quarter worth about $102,000. Welch Investments LLC purchased a new stake in JPMorgan Chase during the 3rd quarter worth about $103,000. Cerebellum GP LLC purchased a new stake in JPMorgan Chase during the 4th quarter worth about $119,000. Price Wealth Management Inc. purchased a new stake in JPMorgan Chase during the 4th quarter worth about $124,000. Finally, Legacy Advisors LLC purchased a new stake in JPMorgan Chase during the 3rd quarter worth about $106,000. Hedge funds and other institutional investors own 74.53% of the company’s stock.
In other news, Director Mellody L. Hobson bought 18,000 shares of the firm’s stock in a transaction that occurred on Monday, April 16th. The stock was purchased at an average cost of $111.05 per share, with a total value of $1,998,900.00. Following the transaction, the director now directly owns 864 shares in the company, valued at $95,947.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.73% of the stock is owned by corporate insiders.
Shares of NYSE JPM opened at $109.99 on Thursday. The stock has a market capitalization of $380,707.22, a P/E ratio of 16.01, a PEG ratio of 1.87 and a beta of 1.24. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.19. JPMorgan Chase has a 52-week low of $81.64 and a 52-week high of $119.33.
JPMorgan Chase (NYSE:JPM) last announced its earnings results on Friday, April 13th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 12.60% and a net margin of 22.53%. The business’s revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.65 EPS. research analysts forecast that JPMorgan Chase will post 8.9 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 6th will be given a $0.56 dividend. The ex-dividend date is Thursday, April 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.04%. JPMorgan Chase’s dividend payout ratio (DPR) is presently 32.61%.
Several equities research analysts have weighed in on the company. BMO Capital Markets restated a “hold” rating and set a $110.00 price target on shares of JPMorgan Chase in a report on Friday, April 13th. Jefferies Group reaffirmed a “buy” rating and set a $122.00 price objective on shares of JPMorgan Chase in a research report on Monday, April 16th. ValuEngine cut JPMorgan Chase from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Vining Sparks reaffirmed a “buy” rating and set a $130.00 price objective on shares of JPMorgan Chase in a research report on Friday, April 6th. Finally, Nomura upped their price objective on JPMorgan Chase from $113.00 to $117.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $112.80.
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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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