Central Asset Investments & Management Holdings HK Ltd Takes Position in JPMorgan Chase & Co. (NYSE:JPM)

Central Asset Investments & Management Holdings HK Ltd purchased a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,900 shares of the financial services provider’s stock, valued at approximately $566,000. JPMorgan Chase & Co. makes up about 0.6% of Central Asset Investments & Management Holdings HK Ltd’s investment portfolio, making the stock its 19th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of JPM. Cantor Fitzgerald Investment Advisor L.P grew its stake in JPMorgan Chase & Co. by 81.1% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock valued at $30,321,000 after buying an additional 99,636 shares during the last quarter. BCK Partners Inc. acquired a new position in JPMorgan Chase & Co. in the 1st quarter valued at $2,455,000. LSV Asset Management grew its stake in JPMorgan Chase & Co. by 35.6% in the 1st quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock valued at $5,085,000 after buying an additional 9,800 shares during the last quarter. Wsfs Capital Management LLC grew its position in JPMorgan Chase & Co. by 70.8% in the 1st quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock worth $575,000 after purchasing an additional 1,749 shares during the last quarter. Finally, Lumature Wealth Partners LLC grew its position in JPMorgan Chase & Co. by 1,451.4% in the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock worth $514,000 after purchasing an additional 3,527 shares during the last quarter. Institutional investors own 68.94% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.1 %

Shares of JPM stock opened at $175.01 on Monday. JPMorgan Chase & Co. has a 12-month low of $123.11 and a 12-month high of $178.30. The company has a market capitalization of $503.44 billion, a P/E ratio of 10.79, a P/E/G ratio of 2.21 and a beta of 1.14. The firm has a 50-day moving average price of $168.65 and a 200 day moving average price of $155.28. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 1.30.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last announced its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.73 by ($0.69). JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The firm had revenue of $38.57 billion for the quarter, compared to the consensus estimate of $39.73 billion. During the same period in the prior year, the business earned $3.57 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. Research analysts forecast that JPMorgan Chase & Co. will post 15.87 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Thursday, January 4th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.89%.

Insiders Place Their Bets

In related news, CEO Marianne Lake sold 32,243 shares of the stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $160.00, for a total value of $5,158,880.00. Following the transaction, the chief executive officer now directly owns 131,962 shares in the company, valued at $21,113,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Marianne Lake sold 32,243 shares of the stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $160.00, for a total value of $5,158,880.00. Following the transaction, the chief executive officer now directly owns 131,962 shares in the company, valued at $21,113,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ashley Bacon sold 3,368 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total transaction of $561,546.64. Following the completion of the sale, the insider now directly owns 205,461 shares of the company’s stock, valued at approximately $34,256,512.53. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,072 shares of company stock valued at $6,297,103. Insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

JPM has been the topic of several research analyst reports. BMO Capital Markets raised their price target on shares of JPMorgan Chase & Co. from $192.00 to $194.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 16th. Morgan Stanley raised their price target on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Odeon Capital Group lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a research report on Thursday, November 2nd. Bank of America raised their price target on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, January 4th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their target price for the company from $140.00 to $190.00 in a research report on Tuesday, January 9th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $179.11.

Check Out Our Latest Stock Report on JPMorgan Chase & Co.

About JPMorgan Chase & Co.

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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