Chesapeake Wealth Management lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 27.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,545 shares of the financial services provider’s stock after selling 7,194 shares during the period. JPMorgan Chase & Co. comprises approximately 0.9% of Chesapeake Wealth Management’s investment portfolio, making the stock its 28th largest position. Chesapeake Wealth Management’s holdings in JPMorgan Chase & Co. were worth $2,528,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of JPM. Lowe Wealth Advisors LLC raised its position 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 worth $26,000 after purchasing an additional 115 shares during the last quarter. Carolina Wealth Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 176.5% during 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. acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth about $52,000. Leverty Financial Group LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth about $54,000. Finally, Delos Wealth Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 13,433.3% during the 4th quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 403 shares during the last quarter. Institutional investors and hedge funds own 70.35% of the company’s stock.
In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 21,012 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 178,588 shares in the company, valued at approximately $23,223,583.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jennifer Piepszak sold 4,668 shares of the stock in a transaction that occurred on Thursday, April 14th. The stock was sold at an average price of $126.19, for a total transaction of $589,054.92. Following the sale, the chief executive officer now owns 11,135 shares in the company, valued at $1,405,125.65. The disclosure for this sale can be found here. 0.79% of the stock is owned by corporate insiders.
Several analysts recently issued reports on the stock. Societe Generale raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price objective for the company from $145.00 to $150.00 in a research note on Tuesday, May 24th. Credit Suisse Group set a $160.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, May 25th. Oppenheimer raised shares of JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $167.00 price objective for the company in a research note on Tuesday, May 3rd. StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, Barclays set a $200.00 price objective on shares of JPMorgan Chase & Co. in a research note on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus target price of $159.33.
NYSE:JPM opened at $114.05 on Monday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $334.97 billion, a P/E ratio of 8.46, a PEG ratio of 2.03 and a beta of 1.15. The company has a 50 day moving average price of $121.46 and a 200 day moving average price of $137.31. JPMorgan Chase & Co. has a fifty-two week low of $110.93 and a fifty-two 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 for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.10). The company had revenue of $30.72 billion for the quarter, compared to analysts’ expectations of $30.53 billion. JPMorgan Chase & Co. had a return on equity of 16.58% and a net margin of 33.61%. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $4.50 EPS. Research analysts forecast that JPMorgan Chase & Co. will post 11.25 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th will be issued a dividend of $1.00 per share. The ex-dividend date is Tuesday, July 5th. This represents a $4.00 dividend on an annualized basis and a yield of 3.51%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 29.67%.
JPMorgan Chase & Co. 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 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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