Regent Investment Management LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,547 shares of the financial services provider’s stock after buying an additional 3,706 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 3.1% of Regent Investment Management LLC’s holdings, making the stock its 6th biggest position. Regent Investment Management LLC’s holdings in JPMorgan Chase & Co. were worth $9,269,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Koshinski Asset Management Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 2.4% during the second quarter. Koshinski Asset Management Inc. now owns 45,055 shares of the financial services provider’s stock worth $4,238,000 after purchasing an additional 1,060 shares during the period. Carl P. Sherr & Co. LLC lifted its position in JPMorgan Chase & Co. by 11.4% in the 2nd quarter. Carl P. Sherr & Co. LLC now owns 5,437 shares of the financial services provider’s stock worth $511,000 after buying an additional 558 shares in the last quarter. Avestar Capital LLC lifted its position in JPMorgan Chase & Co. by 5.3% in the 2nd quarter. Avestar Capital LLC now owns 9,133 shares of the financial services provider’s stock worth $859,000 after buying an additional 460 shares in the last quarter. Trust Co. of Virginia VA boosted its stake in shares of JPMorgan Chase & Co. by 8.0% during the 2nd quarter. Trust Co. of Virginia VA now owns 94,620 shares of the financial services provider’s stock valued at $8,900,000 after buying an additional 7,034 shares during the period. Finally, Deltec Asset Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 31.0% during the 2nd quarter. Deltec Asset Management LLC now owns 4,225 shares of the financial services provider’s stock valued at $397,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.
In related news, CEO Mary E. Erdoes sold 24,554 shares of the firm’s stock in a transaction on Wednesday, July 15th. The stock was sold at an average price of $99.52, for a total value of $2,443,614.08. Corporate insiders own 0.78% of the company’s stock.
NYSE:JPM opened at $96.64 on Friday. The firm’s 50-day moving average is $96.77 and its 200-day moving average is $105.48. The company has a market cap of $294.46 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 3.24 and a beta of 1.19. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.89 and a current ratio of 0.88. JPMorgan Chase & Co. has a 52-week low of $76.91 and a 52-week high of $141.10.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.04. JPMorgan Chase & Co. had a return on equity of 10.75% and a net margin of 18.16%. The firm had revenue of $32.98 billion for the quarter, compared to analyst estimates of $30.23 billion. During the same period in the previous year, the company posted $2.82 earnings per share. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. Equities analysts predict that JPMorgan Chase & Co. will post 5.96 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Monday, July 6th were paid a $0.90 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.73%. JPMorgan Chase & Co.’s payout ratio is 34.35%.
A number of analysts recently issued reports on JPM shares. Wells Fargo & Co lifted their price objective on JPMorgan Chase & Co. from $115.00 to $130.00 in a research report on Friday, June 5th. Credit Suisse Group set a $122.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Monday, May 18th. Morgan Stanley restated a “buy” rating and issued a $106.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, July 27th. ValuEngine raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Thursday, April 9th. Finally, Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $113.00 target price for the company in a research report on Thursday, July 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $110.89.
JPMorgan Chase & Co. Company 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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