Advisors Capital Management LLC trimmed its position in JPMorgan Chase (NYSE:JPM) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,978 shares of the financial services provider’s stock after selling 2,960 shares during the quarter. JPMorgan Chase accounts for approximately 1.4% of Advisors Capital Management LLC’s portfolio, making the stock its 14th largest holding. Advisors Capital Management LLC’s holdings in JPMorgan Chase were worth $18,177,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in JPM. Flagship Harbor Advisors LLC grew its position in shares of JPMorgan Chase by 8.6% in the 4th quarter. Flagship Harbor Advisors LLC now owns 23,471 shares of the financial services provider’s stock worth $2,544,000 after acquiring an additional 1,865 shares in the last quarter. Ascension Asset Management LLC acquired a new position in shares of JPMorgan Chase in the 4th quarter worth approximately $604,000. Youngs Advisory Group Inc. grew its position in shares of JPMorgan Chase by 8.2% in the 4th quarter. Youngs Advisory Group Inc. now owns 6,051 shares of the financial services provider’s stock worth $647,000 after acquiring an additional 460 shares in the last quarter. Brightworth grew its position in shares of JPMorgan Chase by 8.7% in the 4th quarter. Brightworth now owns 12,435 shares of the financial services provider’s stock worth $1,330,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Cambridge Trust Co. grew its position in shares of JPMorgan Chase by 43.1% in the 4th quarter. Cambridge Trust Co. now owns 183,340 shares of the financial services provider’s stock worth $19,606,000 after acquiring an additional 55,239 shares in the last quarter. Institutional investors own 74.49% of the company’s stock.
In other JPMorgan Chase news, insider Peter Scher sold 26,532 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $113.42, for a total value of $3,009,259.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James S. Crown purchased 7,280 shares of JPMorgan Chase stock in a transaction on Thursday, January 18th. The stock was bought at an average cost of $113.37 per share, with a total value of $825,333.60. Following the transaction, the director now directly owns 305,875 shares of the company’s stock, valued at $34,677,048.75. The disclosure for this purchase can be found here. 0.73% of the stock is owned by insiders.
Shares of JPM stock opened at $110.21 on Tuesday. JPMorgan Chase has a 1-year low of $81.64 and a 1-year high of $119.33. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.19. The firm has a market cap of $378,545.09, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.86 and a beta of 1.24.
JPMorgan Chase (NYSE:JPM) last issued its earnings results on Friday, April 13th. The financial services provider reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $0.09. JPMorgan Chase had a return on equity of 12.60% and a net margin of 22.53%. The firm had revenue of $27.90 billion for the quarter, compared to the consensus estimate of $27.73 billion. During the same quarter in the previous year, the company posted $1.65 earnings per share. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. equities research analysts anticipate that JPMorgan Chase will post 8.9 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 6th will be given a $0.56 dividend. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.03%. JPMorgan Chase’s dividend payout ratio is currently 32.61%.
A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods upgraded JPMorgan Chase from a “market perform” rating to an “outperform” rating and set a $127.00 price objective for the company in a research report on Tuesday, February 13th. ValuEngine upgraded JPMorgan Chase 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 target price on shares of JPMorgan Chase in a research note on Friday, January 12th. Vetr raised JPMorgan Chase from a “sell” rating to a “hold” rating and set a $105.98 target price on the stock in a research note on Monday, February 12th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $122.00 target price on shares of JPMorgan Chase in a research note on Monday. Two investment 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’s stock. JPMorgan Chase presently has a consensus rating of “Hold” and an average price target of $112.10.
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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