McDonough Capital Management Inc bought a new stake in shares of JPMorgan Chase & Co. (NYSE: JPM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,352 shares of the financial services provider’s stock, valued at approximately $ 214,000.
Other institutional investors have also made changes to their positions in the company. Lowe Wealth Advisors LLC raised its holdings in shares of 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 valued at $ 26,000 after acquiring an additional 115 shares in the last quarter. Joseph Group Capital Management bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $ 1,353,000. Carroll Investors Inc bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $ 30,000. Carolina Wealth Advisors LLC raised its holdings in shares of 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 valued at $ 37,000 after acquiring an additional 150 shares in the last quarter. Finally, Evolution Advisers Inc. bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $ 52,000. Institutional investors own 70.35% of the company stock.
JPMorgan Chase & Co. stock opened at $ 115.41 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.82 and a quick ratio of 0.82. JPMorgan Chase & Co. has a one year low of $ 113.17 and a one year high of $ 172.96. The stock has a market capitalization of $ 338.96 billion, a PE ratio of 8.56, a price-to-earnings-growth ratio of 2.13 and a beta of 1.11. The business’s fifty day moving average is $ 125.08 and its 200 day moving average is $ 141.38.
JPMorgan Chase & Co. (NYSE: JPM – Get Rating) last released its quarterly earnings data on Wednesday, April 13th. The financial services provider reported $ 2.63 EPS for the quarter, missing the estimate consensus of $ 2.73 by ($ 0.10). The business had revenue of $ 30.72 billion for the quarter, compared to analysts’ expectations of $ 30.53 billion. JPMorgan Chase & Co. had a net margin of 33.61% and a return on equity of 16.58%. The company quarterly revenue was down 4.8% on a year-over-year basis. During the same period last year, the business earned $ 4.50 earnings per share. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 11.23 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th will be given a $ 1.00 dividend. The ex-dividend date is Tuesday, July 5th. This represents a $ 4.00 annualized dividend and a yield of 3.47%. JPMorgan Chase & Co.’s payout ratio is 29.67%.
In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 4,668 shares of the firm’s stock in a transaction dated Thursday, April 14th. The stock was sold at an average price of $ 126.19, for a total value of $ 589,054.92. Following the transaction, the chief executive officer now directly owns 11,135 shares of the company stock, valued at $ 1,405,125.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ashley Bacon sold 21,012 shares of the firm’s stock in a transaction dated Tuesday, April 19th. The stock was sold at an average price of $ 130.04, for a total value of $ 2,732,400.48. Following the completion of the transaction, the insider now directly owns 178,588 shares in the company, valued at $ 23,223,583.52. The disclosure for this sale can be found here. Company insiders own 0.79% of the company stock.
A number of research firms have issued reports on JPM. Piper Sandler increased their price objective on JPMorgan Chase & Co. from $ 165.00 to $ 170.00 and gave the stock an “overweight” rating in a report on Thursday, April 14th. Morgan Stanley decreased their price objective on JPMorgan Chase & Co. from $ 161.00 to $ 152.00 and set an “underweight” rating for the company in a report on Thursday, May 19th. Societe Generale upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price objective for the stock from $ 145.00 to $ 150.00 in a report on Tuesday, May 24th. Credit Suisse Group set a $ 160.00 price objective on JPMorgan Chase & Co. in a report on Wednesday, May 25th. Finally, The Goldman Sachs Group set a $ 151.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Thursday, April 14th. One investment 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 data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $ 161.83.
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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