CapWealth Advisors LLC trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM) by 6.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,789 shares of the financial services provider’s stock after selling 4,508 shares during the period. CapWealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $7,355,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in JPM. JDC JSC L.P. purchased a new position in JPMorgan Chase & Co. during the first quarter valued at $135,000. BRYN MAWR TRUST Co increased its position in JPMorgan Chase & Co. by 7.1% in the first quarter. BRYN MAWR TRUST Co now owns 345,548 shares of the financial services provider’s stock worth $31,110,000 after buying an additional 23,013 shares in the last quarter. Drexel Morgan & Co. raised its stake in shares of JPMorgan Chase & Co. by 1,938.7% in the first quarter. Drexel Morgan & Co. now owns 236,606 shares of the financial services provider’s stock worth $21,302,000 after buying an additional 225,000 shares during the period. Hoylecohen LLC lifted its position in shares of JPMorgan Chase & Co. by 2.4% during the 1st quarter. Hoylecohen LLC now owns 82,229 shares of the financial services provider’s stock valued at $7,403,000 after buying an additional 1,901 shares in the last quarter. Finally, Frontier Wealth Management LLC lifted its position in shares of JPMorgan Chase & Co. by 93.6% during the 1st quarter. Frontier Wealth Management LLC now owns 77,149 shares of the financial services provider’s stock valued at $6,946,000 after buying an additional 37,303 shares in the last quarter. 73.01% of the stock is currently owned by institutional investors.
NYSE JPM opened at $89.47 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.89 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 1-year low of $76.91 and a 1-year high of $141.10. The business has a 50 day simple moving average of $91.61 and a two-hundred day simple moving average of $118.08. The stock has a market capitalization of $274.75 billion, a PE ratio of 10.11, a P/E/G ratio of 3.51 and a beta of 1.20.
JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, April 14th. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $2.70 by ($1.92). The business had revenue of $28.25 billion during the quarter, compared to analysts’ expectations of $29.45 billion. JPMorgan Chase & Co. had a net margin of 21.61% and a return on equity of 12.52%. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the business posted $2.65 earnings per share. On average, analysts anticipate that JPMorgan Chase & Co. will post 5.13 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Thursday, July 2nd. JPMorgan Chase & Co.’s dividend payout ratio is 34.35%.
A number of equities research analysts have commented on JPM shares. ValuEngine upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Thursday, April 9th. Citigroup decreased their price objective on shares of JPMorgan Chase & Co. from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, March 27th. Morgan Stanley cut their price target on JPMorgan Chase & Co. from $109.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday, April 15th. Credit Suisse Group set a $122.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Monday, May 18th. Finally, DA Davidson upped their price objective on JPMorgan Chase & Co. from $91.00 to $97.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $109.75.
In related news, Director Stephen B. Burke acquired 75,000 shares of the stock in a transaction dated Thursday, April 16th. The stock was acquired at an average cost of $87.99 per share, with a total value of $6,599,250.00. Following the purchase, the director now directly owns 150,043 shares of the company’s stock, valued at $13,202,283.57. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ashley Bacon sold 13,027 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $91.12, for a total value of $1,187,020.24. Following the completion of the transaction, the insider now owns 137,243 shares of the company’s stock, valued at approximately $12,505,582.16. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by company insiders.
JPMorgan Chase & Co. Profile
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.
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