Alley Co LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 5.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 97,215 shares of the financial services provider’s stock after selling 5,150 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 3.6% of Alley Co LLC’s holdings, making the stock its largest position. Alley Co LLC’s holdings in JPMorgan Chase & Co. were worth $10,396,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Welch Investments LLC bought a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter worth approximately $103,000. Cerebellum GP LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $119,000. Price Wealth Management Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $124,000. Lipe & Dalton bought a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter worth approximately $143,000. Finally, Americafirst Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter worth approximately $143,000. Institutional investors own 72.18% of the company’s stock.
In other news, Director Todd A. Combs purchased 13,000 shares of the stock in a transaction dated Monday, May 14th. The shares were bought at an average cost of $114.61 per share, for a total transaction of $1,489,930.00. Following the transaction, the director now owns 18,277 shares in the company, valued at $2,094,726.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mellody L. Hobson purchased 18,000 shares of the stock in a transaction dated Monday, April 16th. The shares were purchased at an average price of $111.05 per share, for a total transaction of $1,998,900.00. Following the completion of the transaction, the director now owns 864 shares in the company, valued at approximately $95,947.20. The disclosure for this purchase can be found here. 0.73% of the stock is currently owned by company insiders.
Several analysts recently issued reports on JPM shares. Morgan Stanley raised their price target on JPMorgan Chase & Co. from $128.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Zacks Investment Research raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a report on Monday, March 19th. Vetr raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $105.98 price target on the stock in a report on Monday, February 12th. Edward Jones raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Thursday, March 22nd. Finally, Credit Suisse Group raised their price target on JPMorgan Chase & Co. from $125.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, March 19th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $112.75.
Shares of JPMorgan Chase & Co. opened at $111.23 on Friday, Marketbeat Ratings reports. JPMorgan Chase & Co. has a 1 year low of $81.64 and a 1 year high of $119.33. The firm has a market cap of $387.85 billion, a PE ratio of 16.19, a PEG ratio of 1.87 and a beta of 1.24. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.01 and a current ratio of 1.01.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.09. JPMorgan Chase & Co. had a return on equity of 12.60% and a net margin of 22.53%. The company had revenue of $27.90 billion for the quarter, compared to analysts’ expectations of $27.73 billion. During the same period last year, the firm earned $1.65 EPS. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. research analysts expect that JPMorgan Chase & Co. will post 9.05 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Friday, July 6th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 32.61%.
JPMorgan Chase & Co. 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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