Brinker Capital Inc. grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 21.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106,118 shares of the financial services provider’s stock after purchasing an additional 18,634 shares during the quarter. Brinker Capital Inc.’s holdings in JPMorgan Chase & Co. were worth $14,793,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in JPM. LFA Lugano Financial Advisors SA acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $26,000. NWK Group Inc. acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at about $39,000. Lloyd Advisory Services LLC. acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at about $45,000. Permanens Capital L.P. acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at about $50,000. Finally, Moser Wealth Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $63,000. 73.93% of the stock is currently owned by institutional investors.
In related news, CEO Gordon Smith sold 11,800 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $137.04, for a total transaction of $1,617,072.00. Following the completion of the transaction, the chief executive officer now owns 425,690 shares of the company’s stock, valued at $58,336,557.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mellody L. Hobson bought 14,600 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average cost of $137.25 per share, with a total value of $2,003,850.00. Following the purchase, the director now directly owns 8,527 shares of the company’s stock, valued at $1,170,330.75. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 128,814 shares of company stock valued at $17,318,144. 0.76% of the stock is owned by company insiders.
Several analysts have commented on JPM shares. Citigroup lowered their price target on JPMorgan Chase & Co. from $140.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, March 10th. DA Davidson began coverage on JPMorgan Chase & Co. in a report on Wednesday, January 8th. They issued a “neutral” rating and a $140.00 price target for the company. Edward Jones reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, January 15th. UBS Group cut JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $132.00 to $138.00 in a report on Monday, January 6th. Finally, Bank of America reiterated a “buy” rating and set a $147.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $131.18.
Shares of JPM stock traded up $4.72 on Thursday, hitting $96.45. 979,071 shares of the stock traded hands, compared to its average volume of 34,256,072. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $271.83 billion, a PE ratio of 8.97, a PEG ratio of 1.67 and a beta of 1.19. JPMorgan Chase & Co. has a 1-year low of $76.91 and a 1-year high of $141.10. The company’s fifty day moving average is $117.04 and its 200 day moving average is $125.62.
JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, January 14th. The financial services provider reported $2.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.25. The business had revenue of $28.30 billion for the quarter, compared to analyst estimates of $27.69 billion. JPMorgan Chase & Co. had a return on equity of 15.19% and a net margin of 25.49%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.98 EPS. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 10.57 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Monday, April 6th will be paid a dividend of $0.90 per share. The ex-dividend date is Friday, April 3rd. This represents a $3.60 dividend on an annualized basis and a yield of 3.73%. JPMorgan Chase & Co.’s payout ratio is currently 34.35%.
JPMorgan Chase & Co. Profile
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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