Rowland & Co. Investment Counsel ADV grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,541 shares of the financial services provider’s stock after acquiring an additional 755 shares during the period. Rowland & Co. Investment Counsel ADV’s holdings in JPMorgan Chase & Co. were worth $919,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of JPMorgan Chase & Co. during the third quarter worth about $102,000. Welch Investments LLC bought a new position in shares of JPMorgan Chase & Co. during the third quarter worth about $103,000. Legacy Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the third quarter worth about $106,000. Atlantic Trust LLC bought a new position in shares of JPMorgan Chase & Co. during the second quarter worth about $136,000. Finally, Lipe & Dalton bought a new position in shares of JPMorgan Chase & Co. during the third quarter worth about $143,000. Institutional investors own 74.47% of the company’s stock.
In other news, EVP Peter Scher sold 17,057 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.20, for a total transaction of $1,913,795.40. Following the completion of the sale, the executive vice president now owns 15,310 shares of the company’s stock, valued at $1,717,782. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Stacey Friedman sold 17,729 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $112.33, for a total transaction of $1,991,498.57. Following the sale, the general counsel now directly owns 21,260 shares of the company’s stock, 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 in the last ninety days. Insiders own 0.88% of the company’s stock.
Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods raised shares of JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $127.00 price target on the stock in a research report on Tuesday, February 13th. ValuEngine raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Vining Sparks reaffirmed a “buy” rating and set a $120.00 price target on shares of JPMorgan Chase & Co. in a research report on Friday, January 12th. Vetr raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $105.98 price target on the stock in a research report on Monday, February 12th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Friday, December 8th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $111.63.
JPMorgan Chase & Co. stock opened at $114.74 on Thursday. JPMorgan Chase & Co. has a 12-month low of $81.64 and a 12-month high of $119.33. The stock has a market cap of $393,439.78, a P/E ratio of 16.40, a PEG ratio of 1.93 and a beta of 1.18. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.01 and a current ratio of 1.01.
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 for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.07. The business had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. JPMorgan Chase & Co. had a net margin of 21.46% and a return on equity of 11.63%. JPMorgan Chase & Co.’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.71 earnings per share. research analysts anticipate that JPMorgan Chase & Co. will post 8.9 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 6th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, April 5th. JPMorgan Chase & Co.’s payout ratio is presently 35.56%.
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About JPMorgan Chase & Co.
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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