AFT Forsyth & Company Inc. lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,618 shares of the financial services provider’s stock after selling 193 shares during the quarter. JPMorgan Chase & Co. comprises 1.4% of AFT Forsyth & Company Inc.’s investment portfolio, making the stock its 16th biggest holding. AFT Forsyth & Company Inc.’s holdings in JPMorgan Chase & Co. were worth $2,785,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. MGB Wealth Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 4.7% during the fourth quarter. MGB Wealth Management LLC now owns 11,368 shares of the financial services provider’s stock valued at $2,724,000 after acquiring an additional 507 shares in the last quarter. Beckerman Institutional LLC increased its stake in JPMorgan Chase & Co. by 120.5% during the 4th quarter. Beckerman Institutional LLC now owns 2,584 shares of the financial services provider’s stock valued at $619,000 after purchasing an additional 1,412 shares in the last quarter. Howard Bailey Securities LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $1,576,000. PrairieView Partners LLC raised its holdings in JPMorgan Chase & Co. by 30.0% during the fourth quarter. PrairieView Partners LLC now owns 1,300 shares of the financial services provider’s stock worth $311,000 after buying an additional 300 shares during the last quarter. Finally, Hemington Wealth Management lifted its stake in shares of JPMorgan Chase & Co. by 3.9% in the fourth quarter. Hemington Wealth Management now owns 9,689 shares of the financial services provider’s stock valued at $2,322,000 after buying an additional 365 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price target on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a report on Thursday, January 16th. Wells Fargo & Company upped their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Oppenheimer lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Bank of America upped their price objective on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Finally, UBS Group lifted their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $251.78.
JPMorgan Chase & Co. Stock Down 1.0 %
Shares of NYSE JPM opened at $264.14 on Friday. The firm has a market cap of $738.56 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 2.83 and a beta of 1.12. The company’s 50-day simple moving average is $256.12 and its 200-day simple moving average is $235.20. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 52-week low of $179.20 and a 52-week high of $280.25.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. The company had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. JPMorgan Chase & Co.’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.04 EPS. Equities analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.33%.
Insider Buying and Selling at JPMorgan Chase & Co.
In other news, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the transaction, the general counsel now owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jennifer Piepszak sold 4,273 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the sale, the chief operating officer now owns 54,469 shares of the company’s stock, valued at approximately $14,698,459.65. The trade was a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,326 shares of company stock worth $12,448,445 in the last three months. 0.79% of the stock is owned by corporate insiders.
About JPMorgan Chase & Co.
JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.
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