Tyler Stone Wealth Management purchased a new position in shares of JPMorgan Chase & Co. (NYSE: JPM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,051 shares of the financial services provider’s stock, valued at approximately $ 642,000.
Other institutional investors also recently added to or reduced their stakes in the company. Lowe Wealth Advisors LLC lifted its position in 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 acquiring an additional 115 shares in the last quarter. Carroll Investors Inc acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $ 30,000. MFA Wealth Advisors LLC acquired a new position in JPMorgan Chase & Co. during the 3rd quarter worth approximately $ 32,000. Carolina Wealth Advisors LLC lifted its position in 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 acquiring an additional 150 shares in the last quarter. Finally, Evolution Advisers Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $ 52,000. 70.35% of the stock is currently owned by hedge funds and other institutional investors.
Shares of JPM opened at $ 113.43 on Friday. The company has a market cap of $ 333.15 billion, a P / E ratio of 8.41, a PEG ratio of 2.06 and a beta of 1.11. The stock has a fifty day moving average price of $ 124.73 and a 200 day moving average price of $ 141.05. 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 12 month low of $ 111.87 and a 12 month high of $ 172.96.
JPMorgan Chase & Co. (NYSE: JPM – Get Rating) last issued 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 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 quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $ 4.50 earnings per share. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 11.23 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th will be paid a $ 1.00 dividend. The ex-dividend date is Tuesday, July 5th. This represents a $ 4.00 annualized dividend and a dividend yield of 3.53%. JPMorgan Chase & Co.’s payout ratio is 29.67%.
JPM has been the topic of a number of recent analyst reports. Jefferies Financial Group upped their target price on JPMorgan Chase & Co. from $ 125.00 to $ 137.00 in a research report on Tuesday, May 24th. Royal Bank of Canada set a $ 175.00 target price on JPMorgan Chase & Co. and gave the company an “outperform” rating in a research report on Thursday, April 14th. StockNews.com initiated coverage on JPMorgan Chase & Co. in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. UBS Group set a $ 197.00 target price on JPMorgan Chase & Co. in a research report on Wednesday, March 2nd. Finally, Societe Generale raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their target price for the company from $ 145.00 to $ 150.00 in a research report on Tuesday, May 24th. 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $ 161.83.
In other news, insider Ashley Bacon sold 21,012 shares of the stock in a transaction on 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 owns 178,588 shares of the company stock, valued at $ 23,223,583.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jennifer Piepszak sold 4,668 shares of the stock in a transaction on 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 approximately $ 1,405,125.65. The disclosure for this sale can be found here. Corporate 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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