Psagot Value Holdings Ltd. Israel decreased its stake in JPMorgan Chase & Co. (NYSE: JPM – Get Rating) by 10.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,470 shares of the financial services provider’s stock after selling 9,514 shares during the quarter. JPMorgan Chase & Co. makes up about 2.5% of Psagot Value Holdings Ltd. Israel’s investment portfolio, making the stock its 8th largest position. Psagot Value Holdings Ltd. Israel’s holdings in JPMorgan Chase & Co. were worth $ 12,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in JPM. Norges Bank acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $ 4,092,843,000. GQG Partners LLC raised its position in JPMorgan Chase & Co. by 403.3% in the 4th quarter. GQG Partners LLC now owns 5,095,612 shares of the financial services provider’s stock valued at $ 806,728,000 after purchasing an additional 4,083,231 shares during the last quarter. Renaissance Technologies LLC raised its position in JPMorgan Chase & Co. by 1,543.7% in the 4th quarter. Renaissance Technologies LLC now owns 3,341,486 shares of the financial services provider’s stock valued at $ 529,124,000 after purchasing an additional 3,138,200 shares during the last quarter. State Street Corp raised its position in JPMorgan Chase & Co. by 1.6% in the 4th quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock valued at $ 22,441,376,000 after purchasing an additional 2,277,065 shares during the last quarter. Finally, National Bank of Canada FI bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at $ 298,028,000. 70.35% of the stock is currently owned by institutional investors and hedge funds.
NYSE JPM opened at $ 113.03 on Friday. The stock has a 50-day simple moving average of $ 124.32 and a 200 day simple moving average of $ 140.61. The company has a market capitalization of $ 331.97 billion, a PE ratio of 8.39, a P / E / G ratio of 2.01 and a beta of 1.11. 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. has a 12 month low of $ 111.87 and a 12 month high of $ 172.96.
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 analysts’ consensus estimates of $ 2.73 by ($ 0.10). The company had revenue of $ 30.72 billion during the quarter, compared to the estimate consensus of $ 30.53 billion. JPMorgan Chase & Co. had a net margin of 33.61% and a return on equity of 16.58%. The company revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $ 4.50 EPS. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 11.23 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 paid a $ 1.00 dividend. The ex-dividend date of this dividend is Tuesday, July 5th. This represents a $ 4.00 dividend on an annualized basis and a yield of 3.54%. JPMorgan Chase & Co.’s payout ratio is 29.67%.
Several equities analysts have issued reports on the company. BMO Capital Markets lifted their price objective on JPMorgan Chase & Co. from $ 150.00 to $ 156.00 in a research report on Tuesday, May 24th. Morgan Stanley cut their price objective on JPMorgan Chase & Co. from $ 161.00 to $ 152.00 and set an “underweight” rating for the company in a research report on Thursday, May 19th. Societe Generale upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $ 145.00 to $ 150.00 in a research report on Tuesday, May 24th. Berenberg Bank set a $ 120.00 price objective on JPMorgan Chase & Co. in a research report on Tuesday, April 19th. Finally, Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $ 145.00 to $ 150.00 and gave the stock an “equal weight” rating 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 company stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus target price of $ 161.83.
In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 4,668 shares of the business’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 completion of the transaction, the chief executive officer now directly owns 11,135 shares of the company stock, valued at $ 1,405,125.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ashley Bacon sold 21,012 shares of the business’s stock in a transaction dated Tuesday, April 19th. The shares were 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 of the company stock, 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.
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 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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