HC Advisors LLC trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 14.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,543 shares of the financial services provider’s stock after selling 613 shares during the period. HC Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also added to or reduced their stakes in the company. Atlas Private Wealth Management raised its position in shares of JPMorgan Chase & Co. by 11.7% in the 2nd quarter. Atlas Private Wealth Management now owns 27,106 shares of the financial services provider’s stock worth $3,942,000 after acquiring an additional 2,834 shares in the last quarter. Checchi Capital Advisers LLC lifted its position in shares of JPMorgan Chase & Co. by 4.4% during the second quarter. Checchi Capital Advisers LLC now owns 39,447 shares of the financial services provider’s stock valued at $5,737,000 after buying an additional 1,652 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 14.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 50,991 shares of the financial services provider’s stock valued at $7,416,000 after buying an additional 6,264 shares in the last quarter. Cibc World Markets Corp grew its position in shares of JPMorgan Chase & Co. by 61.6% in the 2nd quarter. Cibc World Markets Corp now owns 1,092,289 shares of the financial services provider’s stock worth $158,863,000 after buying an additional 416,194 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its position in JPMorgan Chase & Co. by 46.4% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 43,526 shares of the financial services provider’s stock valued at $5,612,000 after acquiring an additional 13,792 shares during the last quarter. 68.94% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research firms have issued reports on JPM. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $158.00 price target on shares of JPMorgan Chase & Co. in a report on Friday, September 8th. StockNews.com started coverage on JPMorgan Chase & Co. in a research note on Thursday, October 5th. They issued a “hold” rating for the company. BMO Capital Markets boosted their price target on JPMorgan Chase & Co. from $167.00 to $171.00 and gave the stock a “market perform” rating in a research note on Monday, October 16th. Oppenheimer increased their price objective on shares of JPMorgan Chase & Co. from $233.00 to $243.00 and gave the company an “outperform” rating in a research report on Thursday, November 16th. Finally, Jefferies Financial Group lowered their price target on JPMorgan Chase & Co. from $176.00 to $169.00 in a research report on Tuesday, October 10th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $168.80.
JPMorgan Chase & Co. Trading Up 0.3 %
Shares of JPM stock opened at $153.29 on Tuesday. JPMorgan Chase & Co. has a fifty-two week low of $123.11 and a fifty-two week high of $159.38. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.90 and a current ratio of 0.90. The stock’s fifty day moving average is $145.23 and its two-hundred day moving average is $145.34. The firm has a market capitalization of $443.16 billion, a P/E ratio of 9.15, a PEG ratio of 1.80 and a beta of 1.12.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last announced its quarterly earnings data on Friday, October 13th. The financial services provider reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.95 by $0.38. JPMorgan Chase & Co. had a net margin of 22.79% and a return on equity of 17.97%. The company had revenue of $40.69 billion during the quarter, compared to analysts’ expectations of $39.63 billion. During the same quarter in the prior year, the company earned $3.12 EPS. JPMorgan Chase & Co.’s revenue was up 24.4% compared to the same quarter last year. Research analysts expect that JPMorgan Chase & Co. will post 16.67 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were given a dividend of $1.05 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. The ex-dividend date was Thursday, October 5th. This represents a $4.20 dividend on an annualized basis and a yield of 2.74%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.07%.
Insiders Place Their Bets
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,310 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total value of $624,346.60. Following the completion of the sale, the general counsel now directly owns 53,425 shares of the company’s stock, valued at approximately $7,739,145.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.79% of the stock is currently owned by corporate insiders.
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, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.
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