Malaga Cove Capital LLC lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 22.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,412 shares of the financial services provider’s stock after buying an additional 4,263 shares during the period. JPMorgan Chase & Co. makes up 1.3% of Malaga Cove Capital LLC’s holdings, making the stock its 12th biggest position. Malaga Cove Capital LLC’s holdings in JPMorgan Chase & Co. were worth $2,202,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in JPM. Guggenheim Capital LLC raised its stake in JPMorgan Chase & Co. by 6.5% during the fourth quarter. Guggenheim Capital LLC now owns 421,677 shares of the financial services provider’s stock worth $58,782,000 after purchasing an additional 25,765 shares during the period. Macquarie Group Ltd. increased its position in shares of JPMorgan Chase & Co. by 18.1% during the fourth quarter. Macquarie Group Ltd. now owns 1,051,725 shares of the financial services provider’s stock worth $146,611,000 after acquiring an additional 161,409 shares during the period. Triangle Securities Wealth Management boosted its stake in shares of JPMorgan Chase & Co. by 7.0% in the 1st quarter. Triangle Securities Wealth Management now owns 33,030 shares of the financial services provider’s stock valued at $2,974,000 after buying an additional 2,168 shares during the period. State of Alaska Department of Revenue grew its holdings in JPMorgan Chase & Co. by 5.1% during the 1st quarter. State of Alaska Department of Revenue now owns 578,273 shares of the financial services provider’s stock worth $52,061,000 after acquiring an additional 28,127 shares in the last quarter. Finally, Gradient Investments LLC raised its stake in JPMorgan Chase & Co. by 17.1% in the first quarter. Gradient Investments LLC now owns 124,018 shares of the financial services provider’s stock valued at $11,165,000 after buying an additional 18,067 shares in the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.
In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 24,554 shares of the business’s stock in a transaction on Wednesday, July 15th. The shares were sold at an average price of $99.52, for a total transaction of $2,443,614.08. Insiders own 0.78% of the company’s stock.
Shares of JPMorgan Chase & Co. stock opened at $96.64 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.35. The firm has a market cap of $294.46 billion, a P/E ratio of 13.04, a P/E/G ratio of 3.24 and a beta of 1.19. JPMorgan Chase & Co. has a fifty-two week low of $76.91 and a fifty-two week high of $141.10. The business has a 50-day moving average price of $96.77 and a 200 day moving average price of $105.48.
JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, July 14th. The financial services provider reported $1.38 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $32.98 billion for the quarter, compared to the consensus estimate of $30.23 billion. During the same quarter last year, the business posted $2.82 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 5.96 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Monday, July 6th were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend was Thursday, July 2nd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 34.35%.
A number of research analysts recently issued reports on JPM shares. Morgan Stanley restated a “buy” rating and set a $106.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, July 27th. Societe Generale raised JPMorgan Chase & Co. from a “sell” rating to a “buy” rating in a report on Tuesday, April 14th. BMO Capital Markets upped their target price on shares of JPMorgan Chase & Co. from $108.00 to $119.00 in a research report on Wednesday, July 15th. TheStreet lowered shares of JPMorgan Chase & Co. from a “b-” rating to a “c” rating in a research report on Monday, May 11th. Finally, Seaport Global Securities initiated coverage on JPMorgan Chase & Co. in a report on Wednesday, July 8th. They issued a “buy” rating and a $119.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company. JPMorgan Chase & Co. currently has a consensus rating of “Buy” and an average price target of $110.89.
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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