Carmel Capital Management L.L.C. Purchases 2,105 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Carmel Capital Management L.L.C. boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 60,923 shares of the financial services provider’s stock after purchasing an additional 2,105 shares during the period. JPMorgan Chase & Co. comprises 4.2% of Carmel Capital Management L.L.C.’s holdings, making the stock its 9th largest position. Carmel Capital Management L.L.C.’s holdings in JPMorgan Chase & Co. were worth $6,366,000 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. Homestead Advisers Corp lifted its stake in shares of JPMorgan Chase & Co. by 1.0% during the 2nd quarter. Homestead Advisers Corp now owns 1,165,236 shares of the financial services provider’s stock worth $131,217,000 after buying an additional 11,000 shares during the last quarter. Total Clarity Wealth Management Inc. raised its holdings in JPMorgan Chase & Co. by 3.7% in the 2nd quarter. Total Clarity Wealth Management Inc. now owns 11,430 shares of the financial services provider’s stock valued at $1,287,000 after acquiring an additional 407 shares during the period. Handelsbanken Fonder AB lifted its position in JPMorgan Chase & Co. by 2.0% during the second quarter. Handelsbanken Fonder AB now owns 621,950 shares of the financial services provider’s stock worth $70,038,000 after acquiring an additional 12,411 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of JPMorgan Chase & Co. by 12.4% during the third quarter. Ballentine Partners LLC now owns 51,929 shares of the financial services provider’s stock worth $5,427,000 after acquiring an additional 5,719 shares during the period. Finally, TruWealth Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 8.5% in the second quarter. TruWealth Advisors LLC now owns 106,871 shares of the financial services provider’s stock valued at $12,035,000 after purchasing an additional 8,332 shares during the last quarter. Institutional investors own 67.89% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. The Goldman Sachs Group dropped their price target on JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, October 4th. Royal Bank of Canada set a $130.00 target price on JPMorgan Chase & Co. in a report on Friday. StockNews.com initiated coverage on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Citigroup lifted their price objective on shares of JPMorgan Chase & Co. from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, December 12th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and decreased their target price for the stock from $155.00 to $145.00 in a research report on Friday, January 6th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $145.17.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $143.01 on Friday. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $161.03. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.13. The stock’s 50-day simple moving average is $134.06 and its 200 day simple moving average is $121.87. The firm has a market capitalization of $419.48 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 2.18 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.14 by $0.43. The company had revenue of $34.55 billion for the quarter, compared to the consensus estimate of $34.23 billion. JPMorgan Chase & Co. had a net margin of 26.85% and a return on equity of 14.52%. The firm’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period last year, the company posted $3.33 EPS. On average, analysts anticipate that JPMorgan Chase & Co. will post 11.69 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 6th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, January 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.80%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 33.78%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 33,515 shares of the company’s stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $115.77, for a total value of $3,880,031.55. Following the completion of the transaction, the chief executive officer now owns 533,795 shares of the company’s stock, valued at approximately $61,797,447.15. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Vice Chairman Peter Scher sold 1,310 shares of the business’s stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total transaction of $163,776.20. Following the sale, the insider now directly owns 34,973 shares in the company, valued at $4,372,324.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mary E. Erdoes sold 33,515 shares of the business’s stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $115.77, for a total value of $3,880,031.55. Following the sale, the chief executive officer now owns 533,795 shares in the company, valued at $61,797,447.15. The disclosure for this sale can be found here. Insiders have sold a total of 41,964 shares of company stock valued at $4,936,426 in the last 90 days. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Profile

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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.

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

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