4 hours Ago By ABMN Staff
Walker Asset Management LLC increased its position in JPMorgan Chase & Co. ( NYSE:JPM ) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC.
The firm owned 2,453 shares of the financial services provider’s stock after purchasing an additional 53 shares during the quarter. Walker Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $588,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 0.
9% during the third quarter. Geode Capital Management LLC now owns 58,344,186 shares of the financial services provider’s stock worth $12,258,346,000 after buying an additional 505,830 shares in the last quarter. Fisher Asset Management LLC raised its stake in JPMorgan Chase & Co.
by 31.7% in the 3rd quarter. Fisher Asset Management LLC now owns 16,784,272 shares of the financial services provider’s stock worth $3,539,132,000 after purchasing an additional 4,043,841 shares in the last quarter.
UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in JPMorgan Chase & Co. by 2.0% in the 3rd quarter.
UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,084,919 shares of the financial services provider’s stock valued at $3,180,806,000 after purchasing an additional 302,592 shares during the period. Franklin Resources Inc. grew its position in shares of JPMorgan Chase & Co.
by 7.2% during the 3rd quarter. Franklin Resources Inc.
now owns 15,073,193 shares of the financial services provider’s stock worth $3,338,955,000 after purchasing an additional 1,016,289 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of JPMorgan Chase & Co. during the third quarter worth approximately $1,888,088,000.
Institutional investors own 71.55% of the company’s stock. Wall Street Analyst Weigh In A number of research analysts recently commented on JPM shares.
Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $240.00 to $270.
00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. 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 report on Friday, January 3rd. Keefe, Bruyette & Woods increased their target price on JPMorgan Chase & Co. from $257.
00 to $264.00 and gave the company a “market perform” rating in a research report on Thursday. Morgan Stanley downgraded shares of JPMorgan Chase & Co.
from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $220.00 to $224.00 in a research note on Monday, September 30th.
Finally, Robert W. Baird lowered JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.
00 price objective on the stock. in a research note on Thursday, November 7th. Two equities research 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.
Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus target price of $251.
78. Insider Activity at JPMorgan Chase & Co. In other news, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction dated Thursday, January 16th.
The stock was 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 in the company, valued at $12,092,622.80. This represents a 6.
49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link . 0.
79% of the stock is currently owned by corporate insiders. JPMorgan Chase & Co. Stock Performance NYSE JPM opened at $259.
46 on Monday. The company has a fifty day moving average price of $243.50 and a 200-day moving average price of $224.
41. The firm has a market cap of $730.47 billion, a price-to-earnings ratio of 14.
44, a PEG ratio of 3.16 and a beta of 1.11.
The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.
89. JPMorgan Chase & Co. has a 1 year low of $165.
24 and a 1 year high of $260.62. JPMorgan Chase & Co.
( NYSE:JPM – Get Free Report ) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.
03 by $0.78. The company had revenue of $42.
77 billion during the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co.
had a net margin of 19.64% and a return on equity of 16.71%.
The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.
04 earnings per share. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 17.
46 EPS for the current fiscal year. JPMorgan Chase & Co. Announces Dividend The firm also recently disclosed 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 annualized dividend and a yield of 1.93%. The ex-dividend date is Monday, January 6th.
JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.82%.
JPMorgan Chase & Co. Profile ( 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. Further Reading 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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