Investment Management of Virginia LLC lessened its holdings in shares of JPMorgan Chase (NYSE:JPM) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,268 shares of the financial services provider’s stock after selling 548 shares during the quarter. Investment Management of Virginia LLC’s holdings in JPMorgan Chase were worth $3,878,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Welch Investments LLC acquired a new stake in shares of JPMorgan Chase during the 3rd quarter valued at about $103,000. Cerebellum GP LLC acquired a new stake in shares of JPMorgan Chase during the 4th quarter valued at about $119,000. Price Wealth Management Inc. acquired a new stake in shares of JPMorgan Chase during the 4th quarter valued at about $124,000. Legacy Advisors LLC acquired a new stake in shares of JPMorgan Chase during the 3rd quarter valued at about $106,000. Finally, Lipe & Dalton acquired a new stake in shares of JPMorgan Chase during the 3rd quarter valued at about $143,000. 74.26% of the stock is currently owned by institutional investors.
JPM has been the subject of several analyst reports. Morgan Stanley reduced their target price on JPMorgan Chase from $138.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, April 30th. Jefferies Group restated a “buy” rating and issued a $122.00 target price on shares of JPMorgan Chase in a report on Monday, April 16th. BMO Capital Markets restated a “hold” rating and issued a $110.00 target price on shares of JPMorgan Chase in a report on Friday, April 13th. HSBC initiated coverage on JPMorgan Chase in a report on Wednesday, April 11th. They issued a “hold” rating and a $111.00 target price for the company. Finally, Vining Sparks restated a “buy” rating and issued a $130.00 target price on shares of JPMorgan Chase in a report on Friday, April 6th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $112.75.
Shares of JPMorgan Chase opened at $113.90 on Tuesday, Marketbeat reports. JPMorgan Chase has a 12 month low of $113.75 and a 12 month high of $114.69. The company has a market cap of $390.76 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 1.89 and a beta of 1.24. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.01 and a quick ratio of 1.01.
JPMorgan Chase (NYSE:JPM) last issued its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.37 EPS for the quarter, topping 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 company had revenue of $27.90 billion during the quarter, compared to analyst estimates of $27.73 billion. During the same period in the previous year, the company earned $1.65 earnings per share. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. equities analysts anticipate that JPMorgan Chase will post 9.05 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 30th. Stockholders of record on Friday, April 6th were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Thursday, April 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.97%. JPMorgan Chase’s dividend payout ratio (DPR) is presently 32.61%.
In other JPMorgan Chase news, Director Mellody L. Hobson purchased 18,000 shares of the business’s stock in a transaction dated Monday, April 16th. The stock was bought at an average cost of $111.05 per share, for a total transaction of $1,998,900.00. Following the completion of the acquisition, the director now directly owns 864 shares in the company, valued at $95,947.20. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.73% of the stock is owned by insiders.
JPMorgan Chase Profile
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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