Patten Group Inc. reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,644 shares of the financial services provider’s stock after selling 212 shares during the period. JPMorgan Chase & Co. accounts for about 1.7% of Patten Group Inc.’s holdings, making the stock its 7th biggest position. Patten Group Inc.’s holdings in JPMorgan Chase & Co. were worth $4,551,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently made changes to their positions in JPM. LFA Lugano Financial Advisors SA acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $26,000. Bridger Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth $33,000. Vista Private Wealth Partners. LLC acquired a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth $35,000. Eukles Asset Management increased its position in JPMorgan Chase & Co. by 36.5% during the 3rd quarter. Eukles Asset Management now owns 318 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 85 shares in the last quarter. Finally, JJJ Advisors Inc. increased its position in JPMorgan Chase & Co. by 87.5% during the 3rd quarter. JJJ Advisors Inc. now owns 375 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 175 shares in the last quarter. Institutional investors own 72.05% of the company’s stock.
JPM has been the subject of a number of recent research reports. Morgan Stanley reiterated a “buy” rating and set a $141.00 price objective (up previously from $138.00) on shares of JPMorgan Chase & Co. in a research report on Monday, November 18th. ValuEngine cut JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and set a $135.00 price objective for the company. in a research report on Monday, December 9th. Wolfe Research cut JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 6th. Finally, DA Davidson initiated coverage on JPMorgan Chase & Co. in a research report on Wednesday, January 8th. They set a “neutral” rating and a $140.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company. JPMorgan Chase & Co. has a consensus rating of “Hold” and an average target price of $131.33.
JPM opened at $138.80 on Wednesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $426.78 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 1.85 and a beta of 1.24. The business has a 50-day moving average of $136.24 and a two-hundred day moving average of $121.84. JPMorgan Chase & Co. has a 12 month low of $98.09 and a 12 month high of $141.10.
JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, January 14th. The financial services provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.32 by $0.25. The company had revenue of $28.30 billion during the quarter, compared to analysts’ expectations of $27.69 billion. JPMorgan Chase & Co. had a return on equity of 14.63% and a net margin of 24.70%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.98 EPS. Equities research analysts anticipate that JPMorgan Chase & Co. will post 10.21 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.59%. The ex-dividend date is Friday, January 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 40.00%.
About JPMorgan Chase & Co.
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 deposit and investment products 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, payment processing, auto loan, and leasing services.
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