Highland Private Wealth Management trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM) by 24.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,633 shares of the financial services provider’s stock after selling 1,160 shares during the quarter. Highland Private Wealth Management’s holdings in JPMorgan Chase & Co. were worth $400,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Keeler Thomas Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth $112,000. Cerebellum GP LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth $119,000. Price Wealth Management Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth $124,000. FSI Group LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth $159,000. Finally, Americafirst Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the 3rd quarter worth $143,000. Institutional investors and hedge funds own 72.00% of the company’s stock.
In other news, Director Todd A. Combs acquired 13,000 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 14th. The stock was purchased at an average price of $114.61 per share, with a total value of $1,489,930.00. Following the completion of the transaction, the director now owns 18,277 shares in the company, valued at $2,094,726.97. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Chase & Co Jpmorgan acquired 22,000 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, May 31st. The shares were purchased at an average cost of $1,000.00 per share, with a total value of $22,000,000.00. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 53,000 shares of company stock valued at $25,488,830. Insiders own 0.73% of the company’s stock.
A number of equities analysts recently issued reports on the company. BMO Capital Markets restated a “hold” rating and issued a $110.00 target price on shares of JPMorgan Chase & Co. in a report on Friday, April 13th. ValuEngine cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Morgan Stanley decreased their target price on JPMorgan Chase & Co. from $138.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, April 30th. Zacks Investment Research cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Finally, Nomura raised their target price on JPMorgan Chase & Co. from $113.00 to $117.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, twelve 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 price target of $114.06.
JPM opened at $103.24 on Thursday. The firm has a market cap of $359.64 billion, a P/E ratio of 15.03, a PEG ratio of 1.74 and a beta of 1.21. JPMorgan Chase & Co. has a 1 year low of $88.08 and a 1 year high of $119.33. 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 & 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 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 & 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.65 earnings per share. analysts predict that JPMorgan Chase & Co. will post 9.03 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Friday, July 6th will be given 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 yield of 2.17%. JPMorgan Chase & Co.’s payout ratio 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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