Resources Investment Advisors LLC. grew its position in JPMorgan Chase & Co. (NYSE: JPM) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,576 shares of the financial services provider’s stock after purchasing an additional 2,838 shares during the period. Resources Investment Advisors LLC.’s holdings in JPMorgan Chase & Co. were worth $ 7,534,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in JPM. Eagle Capital Management LLC grew its stake in JPMorgan Chase & Co. by 1.6% during the second quarter. Eagle Capital Management LLC now owns 25,176 shares of the financial services provider’s stock valued at $ 3,916,000 after acquiring an additional 406 shares in the last quarter. Morgan Stanley grew its stake in JPMorgan Chase & Co. by 1.4% in the 2nd quarter. Morgan Stanley now owns 38,288,577 shares of the financial services provider’s stock worth $ 5,955,407,000 after buying an additional 510,298 shares in the last quarter. Keudell Morrison Wealth Management grew its stake in JPMorgan Chase & Co. by 2.3% in the 3rd quarter. Keudell Morrison Wealth Management now owns 12,253 shares of financial services provider’s stock worth $ 2,006,000 after buying an additional 270 shares in the last quarter. Center for Financial Planning Inc. grew its stake in JPMorgan Chase & Co. by 1.7% in the 3rd quarter. Center for Financial Planning Inc. now owns 17,289 shares of the financial services provider’s stock worth $ 2,830,000 after buying an additional 285 shares in the last quarter. Finally, New World Advisors LLC grew its stake in JPMorgan Chase & Co. by 15.1% in the 3rd quarter. New World Advisors LLC now owns 1,886 shares of the financial services provider’s stock worth $ 324,000 after buying an additional 248 shares in the last quarter. Institutional investors own 70.35% of the company stock.
NYSE JPM opened at $ 113.43 on Friday. 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 $ 333.15 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 2.06 and a beta of 1.11. The company 50 day moving average is $ 124.73 and its two-hundred day moving average is $ 141.05. 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 earnings results 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 firm had revenue of $ 30.72 billion for the quarter, compared to the consensus estimate of $ 30.53 billion. JPMorgan Chase & Co. had a return on equity of 16.58% and a net margin of 33.61%. JPMorgan Chase & Co.’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $ 4.50 EPS. Sell-side analysts forecast that JPMorgan Chase & Co. will post 11.23 EPS for the current year.
The business also recently disclosed 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 3.53%. The ex-dividend date of this dividend is Tuesday, July 5th. JPMorgan Chase & Co.’s payout ratio is currently 29.67%.
A number of brokerages have recently issued reports on JPM. Barclays set a $ 200.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, May 23rd. Credit Suisse Group set a $ 160.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, May 25th. Berenberg Bank set a $ 120.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, April 19th. Piper Sandler upped their price objective on shares of JPMorgan Chase & Co. from $ 165.00 to $ 170.00 and gave the stock an “overweight” rating in a report on Thursday, April 14th. Finally, Morgan Stanley decreased their price objective on shares of JPMorgan Chase & Co. from $ 161.00 to $ 152.00 and set an “underweight” rating for the company in a report on Thursday, May 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and an average target price of $ 161.83.
In related news, CEO Jennifer Piepszak sold 4,668 shares of the firm’s stock in a transaction 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 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 is available at the SEC website. Also, insider Ashley Bacon sold 21,012 shares of JPMorgan Chase & Co. stock in a transaction 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 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. Company insiders own 0.79% of the company stock.
About JPMorgan Chase & Co. (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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