1 week Ago By ABMN Staff
Howard Capital Management Group LLC grew its position in JPMorgan Chase & Co. ( NYSE:JPM ) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 211,651 shares of the financial services provider’s stock after acquiring an additional 315 shares during the period. JPMorgan Chase & Co. comprises about 3.
5% of Howard Capital Management Group LLC’s portfolio, making the stock its 9th largest holding. Howard Capital Management Group LLC’s holdings in JPMorgan Chase & Co. were worth $50,735,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Mizuho Securities Co. Ltd.
acquired a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth about $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co.
during the 3rd quarter worth about $27,000. West Financial Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth about $37,000.
New England Capital Financial Advisors LLC raised its stake in JPMorgan Chase & Co. by 38.5% in the 3rd quarter.
New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 50 shares in the last quarter. Finally, Carolina Wealth Advisors LLC raised its stake in JPMorgan Chase & Co. by 36.
0% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 189 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 71.
55% of the company’s stock. Wall Street Analyst Weigh In Several brokerages have weighed in on JPM. Wells Fargo & Company lifted their price objective on shares of JPMorgan Chase & Co.
from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th.
Truist Financial lifted their price objective on shares of JPMorgan Chase & Co. from $260.00 to $268.
00 and gave the stock a “hold” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods lifted their price objective on shares of JPMorgan Chase & Co. from $257.
00 to $264.00 and gave the stock a “market perform” rating in a research note on Thursday, January 16th. Wolfe Research upgraded shares of JPMorgan Chase & Co.
from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research note on Friday, January 3rd. Finally, Oppenheimer cut shares of JPMorgan Chase & Co.
from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.
com, the stock has an average rating of “Hold” and an average target price of $251.78. Insiders Place Their Bets In other JPMorgan Chase & Co.
news, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.
82. Following the sale, the general counsel now directly owns 47,620 shares of the company’s stock, valued at $12,092,622.80.
The trade was a 6.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link .
Insiders own 0.79% of the company’s stock. JPMorgan Chase & Co.
Trading Down 0.5 % Shares of JPMorgan Chase & Co. stock opened at $264.
66 on Friday. The firm has a market capitalization of $745.09 billion, a PE ratio of 13.
41, a price-to-earnings-growth ratio of 2.83 and a beta of 1.11.
The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.
24. The firm’s 50 day moving average is $245.67 and its 200 day moving average is $226.
25. JPMorgan Chase & Co. has a 1 year low of $170.
90 and a 1 year high of $267.10. JPMorgan Chase & Co.
( NYSE:JPM – Get Free Report ) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.
03 by $0.78. JPMorgan Chase & Co.
had a net margin of 20.96% and a return on equity of 16.99%.
The firm had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion.
During the same period in the previous year, the firm posted $3.04 EPS. The company’s revenue for the quarter was up 10.
9% compared to the same quarter last year. Equities research analysts forecast that JPMorgan Chase & Co. will post 17.
82 earnings per share for the current fiscal year. JPMorgan Chase & Co. Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st.
Shareholders of record on Monday, January 6th will be issued a dividend of $1.25 per share. This represents a $5.
00 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Monday, January 6th.
JPMorgan Chase & Co.’s payout ratio is 25.33%.
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; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking. See Also Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co.
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