Gibraltar Capital Management Inc. increased its position in shares of JPMorgan Chase & Co. (NYSE: JPM – Get Rating) by 2.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,181 shares of the financial services provider’s stock after buying an additional 1,042 shares during the period. JPMorgan Chase & Co. accounts for 2.4% of Gibraltar Capital Management Inc.’s holdings, making the stock its 20th biggest position. Gibraltar Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $ 5,750,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Lowe Wealth Advisors LLC raised its position in JPMorgan Chase & Co. by 230.0% during the fourth quarter. Lowe Wealth Advisors LLC now owns 165 shares of the financial services provider’s stock worth $ 26,000 after acquiring an additional 115 shares during the period. MFA Wealth Advisors LLC acquired a new position in JPMorgan Chase & Co. during the third quarter worth $ 32,000. Carolina Wealth Advisors LLC raised its position in JPMorgan Chase & Co. by 176.5% during the fourth quarter. Carolina Wealth Advisors LLC now owns 235 shares of the financial services provider’s stock worth $ 37,000 after acquiring an additional 150 shares during the period. Evolution Advisers Inc. acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $ 52,000. Finally, Leverty Financial Group LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $ 54,000. 70.35% of the stock is currently owned by hedge funds and other institutional investors.
JPMorgan Chase & Co. stock opened at $ 115.18 on Thursday. JPMorgan Chase & Co. has a 12-month low of $ 111.87 and a 12-month high of $ 172.96. The stock has a market cap of $ 338.29 billion, a P / E ratio of 8.54, a PEG ratio of 2.01 and a beta of 1.11. The company has a 50-day moving average price of $ 123.36 and a 200 day moving average price of $ 139.80. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.16.
JPMorgan Chase & Co. (NYSE: JPM – Get Rating) last released 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 return on equity of 16.58% and a net margin of 33.61%. The firm had revenue of $ 30.72 billion for the quarter, compared to analyst estimates of $ 30.53 billion. During the same quarter in the previous year, the business posted $ 4.50 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was down 4.8% on a year-over-year basis. As a group, analysts forecast that JPMorgan Chase & Co. will post 11.23 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, July 31st. Investors 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 yield of 3.47%. The ex-dividend date is Tuesday, July 5th. JPMorgan Chase & Co.’s payout ratio is currently 29.67%.
A number of research firms have weighed in on JPM. The Goldman Sachs Group set a $ 151.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Thursday, April 14th. Royal Bank of Canada set a $ 175.00 target price on shares of JPMorgan Chase & Co. and gave the company an “outperform” rating in a research report on Thursday, April 14th. Piper Sandler increased their target price on shares of JPMorgan Chase & Co. from $ 165.00 to $ 170.00 and gave the company an “overweight” rating in a research report on Thursday, April 14th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $ 148.00 target price (up from $ 142.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 24th. Finally, Jefferies Financial Group increased their target price on shares of JPMorgan Chase & Co. from $ 125.00 to $ 137.00 in a research report on Tuesday, May 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average target price of $ 161.83.
In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 21,012 shares of the stock in a transaction dated Tuesday, April 19th. The shares were sold at an average price of $ 130.04, for a total transaction of $ 2,732,400.48. Following the completion of the transaction, the insider now owns 178,588 shares of the company stock, valued at $ 23,223,583.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jennifer Piepszak sold 4,668 shares of the stock in a transaction dated Thursday, April 14th. The stock was sold at an average price of $ 126.19, for a total transaction of $ 589,054.92. Following the transaction, the chief executive officer now directly owns 11,135 shares of the company stock, valued at approximately $ 1,405,125.65. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by company insiders.
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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