Stony Point Wealth Management Inc. bought a new position in JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 22,287 shares of the financial services provider’s stock, valued at approximately $2,383,000. JPMorgan Chase & Co. comprises approximately 2.0% of Stony Point Wealth Management Inc.’s holdings, making the stock its 13th biggest holding.
A number of other large investors have also recently added to or reduced their stakes in the stock. Keeler Thomas Management LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $112,000. Cerebellum GP LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $119,000. Price Wealth Management Inc. bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $124,000. FSI Group LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $159,000. Finally, Americafirst Capital Management LLC bought a new stake in JPMorgan Chase & Co. in the third quarter valued at approximately $143,000. Institutional investors own 72.10% of the company’s stock.
In other news, Director Todd A. Combs purchased 13,000 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 14th. The shares were bought at an average cost of $114.61 per share, with a total value of $1,489,930.00. Following the completion of the purchase, the director now directly owns 18,277 shares in the company, valued at $2,094,726.97. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Chase & Co Jpmorgan bought 22,000 shares of the business’s stock in a transaction dated Thursday, May 31st. The stock was bought at an average cost of $1,000.00 per share, for a total transaction of $22,000,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 53,000 shares of company stock worth $25,488,830. 0.73% of the stock is owned by insiders.
Several analysts have weighed in on the company. Jefferies Financial Group reiterated a “buy” rating and issued a $122.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, April 16th. Zacks Investment Research downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Morgan Stanley boosted their price objective on JPMorgan Chase & Co. from $133.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. HSBC assumed coverage on JPMorgan Chase & Co. in a research report on Wednesday, April 11th. They issued a “hold” rating and a $111.00 price objective for the company. Finally, Vining Sparks reiterated a “buy” rating and issued a $130.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday, April 6th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the company’s stock. JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus target price of $114.06.
JPMorgan Chase & Co. opened at $107.90 on Friday, according to MarketBeat.com. 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 $86.01 and a 52-week high of $119.33. The company has a market cap of $370.75 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.37 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.65 earnings per share. equities analysts anticipate that JPMorgan Chase & Co. will post 9.05 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Friday, July 6th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Thursday, July 5th. This represents a $2.24 annualized dividend and a yield of 2.08%. JPMorgan Chase & Co.’s payout ratio is 32.61%.
JPMorgan Chase & Co. Company 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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