Brooks Moore & Associates Inc. Has $3.84 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Brooks Moore & Associates Inc. raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 46.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,174 shares of the financial services provider’s stock after purchasing an additional 8,986 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 2.4% of Brooks Moore & Associates Inc.’s portfolio, making the stock its 13th largest position. Brooks Moore & Associates Inc.’s holdings in JPMorgan Chase & Co. were worth $3,841,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of JPM. ACT Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 25.5% during the 4th quarter. ACT Wealth Management LLC now owns 2,749 shares of the financial services provider’s stock valued at $435,000 after purchasing an additional 559 shares in the last quarter. Essex LLC grew its stake in shares of JPMorgan Chase & Co. by 3.4% in the 4th quarter. Essex LLC now owns 30,433 shares of the financial services provider’s stock worth $4,819,000 after acquiring an additional 1,006 shares in the last quarter. Mitchell Capital Management Co. grew its stake in shares of JPMorgan Chase & Co. by 2.1% in the 4th quarter. Mitchell Capital Management Co. now owns 38,911 shares of the financial services provider’s stock worth $6,162,000 after acquiring an additional 811 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth about $239,000. Finally, Avantax Planning Partners Inc. lifted its holdings in JPMorgan Chase & Co. by 3.7% during the fourth quarter. Avantax Planning Partners Inc. now owns 35,957 shares of the financial services provider’s stock valued at $5,694,000 after purchasing an additional 1,271 shares during the last quarter. Institutional investors own 70.35% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $115.36 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $338.82 billion, a P/E ratio of 9.26, a P/E/G ratio of 2.05 and a beta of 1.15. The business has a fifty day simple moving average of $118.40 and a two-hundred day simple moving average of $130.84. JPMorgan Chase & Co. has a 12 month low of $106.06 and a 12 month high of $172.96.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 EPS for the quarter, meeting the consensus estimate of $2.76. The business had revenue of $30.72 billion during the quarter, compared to analyst estimates of $31.82 billion. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm posted $3.78 earnings per share. On average, equities analysts forecast that JPMorgan Chase & Co. will post 11.23 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, July 5th. This represents a $4.00 annualized dividend and a dividend yield of 3.47%. JPMorgan Chase & Co.’s payout ratio is presently 32.10%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $148.00 price objective (up from $142.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, May 24th. Citigroup raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $145.00 to $135.00 in a report on Tuesday, July 12th. Barclays set a $200.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 18th. The Goldman Sachs Group set a $151.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Thursday, April 14th. Finally, BMO Capital Markets increased their price target on shares of JPMorgan Chase & Co. from $150.00 to $156.00 in a report on Tuesday, May 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $145.95.

JPMorgan Chase & Co. Profile

(Get Rating)

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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.

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. (NYSE:JPMGet Rating).

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.