Crystal Rock Capital Management cut its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,643 shares of the financial services provider’s stock after selling 2,284 shares during the quarter. JPMorgan Chase & Co. makes up approximately 7.2% of Crystal Rock Capital Management’s holdings, making the stock its 3rd largest holding. Crystal Rock Capital Management’s holdings in JPMorgan Chase & Co. were worth $11,191,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of JPM. Keeler Thomas Management LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $112,000. Cerebellum GP LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $119,000. Price Wealth Management Inc. purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $124,000. FSI Group LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $159,000. Finally, Americafirst Capital Management LLC purchased a new stake in JPMorgan Chase & Co. in the 3rd quarter worth about $143,000. 72.10% of the stock is currently owned by institutional investors.
JPM has been the topic of a number of recent analyst reports. Morgan Stanley reduced their price objective on shares of JPMorgan Chase & Co. from $138.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, April 30th. BMO Capital Markets restated a “hold” rating and issued a $110.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday, April 13th. Edward Jones upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, March 22nd. Vetr upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $111.28 target price on the stock in a research note on Thursday, March 1st. Finally, Nomura upped their target price on shares of JPMorgan Chase & Co. from $113.00 to $117.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company. JPMorgan Chase & Co. has an average rating of “Hold” and a consensus target price of $114.06.
In other news, Director Mellody L. Hobson bought 18,000 shares of the stock in a transaction on Monday, April 16th. The stock was bought at an average cost of $111.05 per share, for a total transaction of $1,998,900.00. Following the completion of the purchase, the director now directly owns 864 shares in the company, valued at $95,947.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Chase & Co Jpmorgan bought 22,000 shares of the stock in a transaction on Thursday, May 31st. The stock was purchased at an average price of $1,000.00 per share, with a total value of $22,000,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 53,000 shares of company stock valued at $25,488,830. 0.73% of the stock is owned by insiders.
NYSE JPM opened at $110.83 on Tuesday. 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 & Co. has a 52-week low of $85.82 and a 52-week high of $119.33. The company has a market cap of $381.32 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 1.84 and a beta of 1.21.
JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, April 13th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.28 by $0.09. JPMorgan Chase & Co. had a net margin of 22.53% and a return on equity of 12.60%. The firm had revenue of $27.90 billion for the quarter, compared to the consensus estimate of $27.73 billion. During the same period last year, the firm earned $1.65 earnings per share. The company’s quarterly revenue was up 12.0% on a year-over-year basis. equities analysts predict that JPMorgan Chase & Co. will post 9.05 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Friday, July 6th will be paid a $0.56 dividend. The ex-dividend date is Thursday, July 5th. This represents a $2.24 annualized dividend and a yield of 2.02%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 32.61%.
JPMorgan Chase & Co. 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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