Delta Capital Management LLC lessened its stake in shares of JPMorgan Chase (NYSE:JPM) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,145 shares of the financial services provider’s stock after selling 680 shares during the quarter. JPMorgan Chase comprises approximately 3.8% of Delta Capital Management LLC’s portfolio, making the stock its 3rd biggest position. Delta Capital Management LLC’s holdings in JPMorgan Chase were worth $6,111,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC acquired a new position in JPMorgan Chase during the third quarter worth $102,000. Welch Investments LLC acquired a new position in JPMorgan Chase during the third quarter worth $103,000. Legacy Advisors LLC acquired a new position in JPMorgan Chase during the third quarter worth $106,000. Cerebellum GP LLC acquired a new position in JPMorgan Chase during the fourth quarter worth $119,000. Finally, Lipe & Dalton acquired a new position in JPMorgan Chase during the third quarter worth $143,000. Institutional investors and hedge funds own 74.50% of the company’s stock.
In related news, insider Ashley Bacon sold 16,434 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the transaction, the insider now directly owns 98,811 shares in the company, valued at $11,088,570.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James S. Crown bought 7,280 shares of JPMorgan Chase stock in a transaction that occurred on Thursday, January 18th. The shares were acquired at an average price of $113.37 per share, for a total transaction of $825,333.60. Following the completion of the transaction, the director now directly owns 305,875 shares of the company’s stock, valued at approximately $34,677,048.75. The disclosure for this purchase can be found here. Insiders sold 152,047 shares of company stock worth $17,098,115 over the last 90 days. Company insiders own 0.88% of the company’s stock.
A number of research analysts recently weighed in on the company. BMO Capital Markets reaffirmed a “hold” rating and set a $110.00 price objective on shares of JPMorgan Chase in a report on Friday. Buckingham Research raised JPMorgan Chase from a “neutral” rating to a “buy” rating in a report on Thursday, December 21st. Nomura set a $115.00 price objective on JPMorgan Chase and gave the stock a “neutral” rating in a report on Friday, January 12th. Vetr raised JPMorgan Chase from a “strong sell” rating to a “sell” rating and set a $102.07 price objective on the stock in a report on Tuesday, February 6th. Finally, Zacks Investment Research lowered JPMorgan Chase from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $112.47.
Shares of NYSE:JPM opened at $110.30 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.24. JPMorgan Chase has a 52-week low of $81.64 and a 52-week high of $119.33. The firm has a market capitalization of $389,081.19, a PE ratio of 16.06, a P/E/G ratio of 1.91 and a beta of 1.24.
JPMorgan Chase (NYSE:JPM) last issued its quarterly earnings data on Friday, April 13th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.09. JPMorgan Chase had a return on equity of 11.63% and a net margin of 21.46%. The business had revenue of $27.90 billion for the quarter, compared to the consensus estimate of $27.73 billion. During the same period in the prior year, the business earned $1.65 earnings per share. The business’s revenue was up 12.0% on a year-over-year basis. equities analysts anticipate that JPMorgan Chase will post 8.89 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, April 6th will be given a $0.56 dividend. The ex-dividend date is Thursday, April 5th. This represents a $2.24 annualized dividend and a dividend yield of 2.03%. JPMorgan Chase’s dividend payout ratio is currently 32.61%.
About JPMorgan Chase
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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