IBM Retirement Fund decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.2% in the 1st quarter, Holdings Channel reports. The fund owned 46,855 shares of the financial services provider’s stock after selling 2,046 shares during the period. JPMorgan Chase & Co. accounts for 0.9% of IBM Retirement Fund’s holdings, making the stock its 13th biggest holding. IBM Retirement Fund’s holdings in JPMorgan Chase & Co. were worth $6,387,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Lowe Wealth Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 230.0% during the 4th quarter. Lowe Wealth Advisors LLC now owns 165 shares of the financial services provider’s stock valued at $26,000 after buying an additional 115 shares during the last quarter. Joseph Group Capital Management acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth $1,353,000. Carolina Wealth Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 176.5% in the 4th quarter. Carolina Wealth Advisors LLC now owns 235 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 150 shares during the last quarter. Evolution Advisers Inc. bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $52,000. Finally, Leverty Financial Group LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter worth about $54,000. Hedge funds and other institutional investors own 70.35% of the company’s stock.
A number of equities research analysts have recently weighed in on JPM shares. Oppenheimer upgraded JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $167.00 price target for the company in a report on Tuesday, May 3rd. Morgan Stanley reduced their price target on shares of JPMorgan Chase & Co. from $152.00 to $149.00 and set an “underweight” rating on the stock in a research report on Friday. UBS Group set a $197.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 2nd. The Goldman Sachs Group set a $151.00 target price on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Thursday, April 14th. Finally, StockNews.com assumed coverage on JPMorgan Chase & Co. in a report on Thursday, March 31st. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $161.67.
In other news, CEO Jennifer Piepszak sold 4,668 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, April 14th. The shares were sold at an average price of $126.19, for a total value of $589,054.92. Following the transaction, the chief executive officer now owns 11,135 shares of the company’s stock, valued at approximately $1,405,125.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ashley Bacon sold 21,012 shares of the business’s stock in a transaction that occurred on Tuesday, April 19th. The stock was sold at an average price of $130.04, for a total transaction of $2,732,400.48. Following the completion of the sale, the insider now owns 178,588 shares in the company, valued at $23,223,583.52. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by insiders.
Shares of JPM opened at $116.38 on Tuesday. The firm has a market capitalization of $341.81 billion, a PE ratio of 8.63, a P/E/G ratio of 2.09 and a beta of 1.11. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.16. The firm has a 50-day moving average price of $122.70 and a 200 day moving average price of $138.56. JPMorgan Chase & Co. has a 52-week low of $111.48 and a 52-week high of $172.96.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings data on Wednesday, April 13th. The financial services provider reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.73 by ($0.10). JPMorgan Chase & Co. had a net margin of 33.61% and a return on equity of 16.58%. The company had revenue of $30.72 billion during the quarter, compared to the consensus estimate of $30.53 billion. During the same quarter last year, the business earned $4.50 earnings per share. The company’s revenue was down 4.8% on a year-over-year basis. On average, equities analysts expect that JPMorgan Chase & Co. will post 11.23 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.67%.
JPMorgan Chase & Co. Company Profile (Get Rating)
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.
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