JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by KMG Fiduciary Partners LLC


Share on StockTwits

KMG Fiduciary Partners LLC grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 98,915 shares of the financial services provider’s stock after buying an additional 3,626 shares during the quarter. JPMorgan Chase & Co. accounts for about 2.6% of KMG Fiduciary Partners LLC’s portfolio, making the stock its 6th largest holding. KMG Fiduciary Partners LLC’s holdings in JPMorgan Chase & Co. were worth $12,429,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of JPM. Provident Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $34,000. Marshall & Sullivan Inc. WA acquired a new position in JPMorgan Chase & Co. in the 3rd quarter worth about $43,000. Stuart Chaussee & Associates Inc. raised its holdings in JPMorgan Chase & Co. by 25.9% in the 3rd quarter. Stuart Chaussee & Associates Inc. now owns 466 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 96 shares during the period. Eukles Asset Management raised its holdings in JPMorgan Chase & Co. by 28.7% in the 3rd quarter. Eukles Asset Management now owns 533 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 119 shares during the period. Finally, Catalyst Private Wealth LLC acquired a new position in JPMorgan Chase & Co. in the 3rd quarter worth about $54,000. 62.92% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on JPM shares. Credit Suisse Group upped their price target on JPMorgan Chase & Co. from $126.00 to $142.00 and gave the stock an “outperform” rating in a report on Friday, December 11th. Bank of America raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a report on Wednesday. Jefferies Financial Group raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price target for the stock from $110.00 to $152.00 in a report on Thursday, January 7th. Independent Research cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a report on Thursday, December 3rd. Finally, Barclays upped their price target on JPMorgan Chase & Co. from $144.00 to $164.00 and gave the stock an “overweight” rating in a report on Monday, January 4th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eighteen have issued a buy rating to the stock. JPMorgan Chase & Co. has an average rating of “Buy” and an average price target of $121.51.

Shares of JPMorgan Chase & Co. stock opened at $140.35 on Thursday. The firm has a market capitalization of $427.82 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 3.20 and a beta of 1.22. JPMorgan Chase & Co. has a fifty-two week low of $76.91 and a fifty-two week high of $141.66. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a 50 day moving average of $124.63 and a 200 day moving average of $106.64.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Monday, October 19th. The financial services provider reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.69. JPMorgan Chase & Co. had a return on equity of 10.85% and a net margin of 19.16%. The company had revenue of $29.90 billion for the quarter, compared to analysts’ expectations of $28.20 billion. During the same period in the prior year, the firm earned $2.68 earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year. Analysts forecast that JPMorgan Chase & Co. will post 7.48 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, January 31st. Shareholders of record on Wednesday, January 6th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Tuesday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 34.35%.

In other JPMorgan Chase & Co. news, CFO Jennifer Piepszak sold 3,297 shares of the company’s stock in a transaction on Monday, October 26th. The stock was sold at an average price of $101.11, for a total transaction of $333,359.67. Also, EVP Marianne Lake sold 15,808 shares of the company’s stock in a transaction on Tuesday, November 24th. The stock was sold at an average price of $120.01, for a total value of $1,897,118.08. Insiders have sold 21,386 shares of company stock worth $2,460,813 over the last 90 days. 0.78% of the stock is owned by insiders.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in 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.

Further Reading: Is it Safe to Invest in Commodities?

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.