Sequoia Financial Advisors LLC raised its holdings in JPMorgan Chase & Co. (NYSE: JPM – Get Rating) by 282.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 93,970 shares of the financial services provider’s stock after acquiring an additional 69,376 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $ 14,880,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Lowe Wealth Advisors LLC boosted its position 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 worth $ 26,000 after purchasing an additional 115 shares in the last quarter. Carroll Investors Inc bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth $ 30,000. MFA Wealth Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the third quarter worth $ 32,000. Carolina Wealth Advisors LLC boosted its position 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 worth $ 37,000 after purchasing 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 worth $ 52,000. 70.35% of the stock is currently owned by hedge funds and other institutional investors.
JPM has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price target on shares of JPMorgan Chase & Co. from $ 150.00 to $ 156.00 in a research report on Tuesday, May 24th. UBS Group set a $ 197.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 2nd. Societe Generale upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price objective for the stock from $ 145.00 to $ 150.00 in a report on Tuesday, May 24th. Oppenheimer upgraded shares of JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $ 167.00 price objective on the stock in a report on Tuesday, May 3rd. Finally, Royal Bank of Canada set a $ 175.00 price objective on shares of JPMorgan Chase & Co. and gave the stock an “outperform” rating in a report on Thursday, April 14th. One equities 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.com, JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus price target of $ 161.83.
Shares of JPM stock opened at $ 113.43 on Friday. 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 1 year low of $ 111.87 and a 1 year high of $ 172.96. The firm’s fifty day moving average price is $ 124.73 and its two-hundred day moving average price is $ 141.05. The firm has a market capitalization of $ 333.15 billion, a P / E ratio of 8.41, a PEG ratio of 2.06 and a beta of 1.11.
JPMorgan Chase & Co. (NYSE: JPM – Get Rating) last issued its quarterly earnings results 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 net margin of 33.61% and a return on equity of 16.58%. The business had revenue of $ 30.72 billion during the quarter, compared to analyst estimates of $ 30.53 billion. During the same quarter in the previous year, the firm posted $ 4.50 earnings per share. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 11.23 EPS for the current fiscal year.
The company 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 $ 1.00 dividend. This represents a $ 4.00 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date is Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.67%.
In other news, insider Ashley Bacon sold 21,012 shares of JPMorgan Chase & Co. 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 owns 178,588 shares of the company stock, valued at approximately $ 23,223,583.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer Piepszak sold 4,668 shares of JPMorgan Chase & Co. 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 sale, 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. Company insiders own 0.79% of the company stock.
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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