Landmark Wealth Management LLC acquired a new position in JPMorgan Chase & Co. (NYSE:JPM) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 463 shares of the financial services provider’s stock, valued at approximately $46,000.
A number of other hedge funds also recently bought and sold shares of the stock. Joseph Group Capital Management acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $1,353,000. Carolina Wealth Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 176.5% in the 4th quarter. Carolina Wealth Advisors LLC now owns 235 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 150 shares during the last quarter. Evolution Advisers Inc. acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $52,000. Leverty Financial Group LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $54,000. Finally, Delos Wealth Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 13,433.3% in the 4th quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 403 shares during the last quarter. 70.35% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have weighed in on JPM shares. UBS Group set a $134.00 price target on shares of JPMorgan Chase & Co. in a report on Thursday. Royal Bank of Canada set a $155.00 price objective on JPMorgan Chase & Co. in a report on Thursday. The Goldman Sachs Group set a $151.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Thursday, April 14th. Oppenheimer upgraded JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $167.00 price objective on the stock in a report on Tuesday, May 3rd. Finally, Argus cut their price objective on JPMorgan Chase & Co. from $177.00 to $155.00 in a report on Thursday, April 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $150.56.
NYSE:JPM opened at $108.00 on Friday. The stock’s 50 day moving average price is $119.56 and its 200 day moving average price is $134.83. JPMorgan Chase & Co. has a 52 week low of $106.06 and a 52 week high of $172.96. The company has a market capitalization of $317.20 billion, a P/E ratio of 8.01, a P/E/G ratio of 2.04 and a beta of 1.15. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.82 and a current ratio of 0.82.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 EPS for the quarter, hitting analysts’ consensus estimates of $2.76. JPMorgan Chase & Co. had a return on equity of 16.58% and a net margin of 33.61%. The firm had revenue of $30.72 billion for the quarter, compared to the consensus estimate of $31.82 billion. During the same quarter in the prior year, the company posted $3.78 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 11.23 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, July 31st. Investors of record on Wednesday, July 6th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, July 5th. This represents a $4.00 dividend on an annualized basis and a yield of 3.70%. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.67%.
In related news, insider Ashley Bacon sold 21,012 shares of the stock in a transaction that occurred on Tuesday, April 19th. The stock was sold at an average price of $130.04, for a total value of $2,732,400.48. Following the transaction, the insider now owns 178,588 shares in the company, valued at $23,223,583.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.79% of the company’s stock.
About JPMorgan Chase & Co. (Get Rating)
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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.
Receive News & Ratings for JPMorgan Chase & Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com’s FREE daily email newsletter.