Lbmc Investment Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 39.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,244 shares of the financial services provider’s stock after acquiring an additional 1,472 shares during the period. Lbmc Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $561,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of JPM. Welch Investments LLC acquired a new position in JPMorgan Chase & Co. in the third quarter worth about $103,000. Keeler Thomas Management LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter worth about $112,000. Cerebellum GP LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter worth about $119,000. Price Wealth Management Inc. acquired a new position in JPMorgan Chase & Co. in the fourth quarter worth about $124,000. Finally, Lipe & Dalton acquired a new position in JPMorgan Chase & Co. in the third quarter worth about $143,000. Institutional investors and hedge funds own 72.18% of the company’s stock.
In other news, Director Todd A. Combs bought 13,000 shares of the company’s stock in a transaction that occurred on Monday, May 14th. The shares were purchased at an average price of $114.61 per share, with a total value of $1,489,930.00. Following the completion of the acquisition, the director now directly owns 18,277 shares in the company, valued at $2,094,726.97. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mellody L. Hobson bought 18,000 shares of the company’s stock in a transaction that occurred on Monday, April 16th. The shares were purchased at an average cost of $111.05 per share, for a total transaction of $1,998,900.00. Following the acquisition, the director now owns 864 shares of the company’s stock, valued at $95,947.20. The disclosure for this purchase can be found here. Insiders own 0.73% of the company’s stock.
A number of equities analysts have commented on JPM shares. Morgan Stanley lifted their target price on JPMorgan Chase & Co. from $128.00 to $133.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a research note on Monday, March 19th. Vetr upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $105.98 target price for the company in a research note on Monday, February 12th. Edward Jones upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, March 22nd. Finally, Credit Suisse Group lifted their target price on JPMorgan Chase & Co. from $125.00 to $127.00 and gave the company an “outperform” rating in a research note on Monday, March 19th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $112.75.
JPM opened at $110.66 on Friday. The company has a market cap of $381.74 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 1.84 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 & Co. has a twelve month low of $81.64 and a twelve month high of $119.33.
JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.28 by $0.09. The company had revenue of $27.90 billion for the quarter, compared to analysts’ expectations of $27.73 billion. JPMorgan Chase & Co. had a return on equity of 12.60% and a net margin of 22.53%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 earnings per share. analysts anticipate that JPMorgan Chase & Co. will post 9.05 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Friday, July 6th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, July 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.02%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 32.61%.
About JPMorgan Chase & Co.
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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