Haverford Trust Co. raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,431,991 shares of the financial services provider’s stock after acquiring an additional 10,670 shares during the quarter. JPMorgan Chase & Co. accounts for about 2.9% of Haverford Trust Co.’s portfolio, making the stock its 5th biggest holding. Haverford Trust Co.’s holdings in JPMorgan Chase & Co. were worth $136,769,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $102,000. Welch Investments LLC acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $103,000. Legacy Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $106,000. Atlantic Trust LLC acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at about $136,000. Finally, Lipe & Dalton acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $143,000. 73.66% of the stock is owned by institutional investors.
In related news, EVP Peter Scher sold 17,057 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $112.20, for a total value of $1,913,795.40. Following the transaction, the executive vice president now owns 15,310 shares in the company, valued at $1,717,782. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Stacey Friedman sold 17,729 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $112.33, for a total value of $1,991,498.57. Following the completion of the transaction, the general counsel now owns 21,260 shares in the company, valued at approximately $2,388,135.80. The disclosure for this sale can be found here. Insiders sold 152,047 shares of company stock valued at $17,098,115 over the last three months. 0.88% of the stock is owned by insiders.
A number of research firms have commented on JPM. Wells Fargo & Co upped their price objective on shares of JPMorgan Chase & Co. from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Royal Bank of Canada reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Friday, December 8th. Barclays upped their price objective on shares of JPMorgan Chase & Co. from $105.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Societe Generale lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Zacks Investment Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research note on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $108.71.
Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at $114.68 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. The stock has a market cap of $400,788.03, a P/E ratio of 16.52, a PEG ratio of 1.97 and a beta of 1.23. JPMorgan Chase & Co. has a 52-week low of $81.64 and a 52-week high of $117.35.
JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.07. The business had revenue of $24.15 billion during the quarter, compared to analyst estimates of $24.87 billion. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.71 earnings per share. research analysts anticipate that JPMorgan Chase & Co. will post 8.78 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 35.56%.
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JPMorgan Chase & Co. Company Profile
JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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