Emfo LLC Acquires 5,508 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Emfo LLC boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 32.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,628 shares of the financial services provider’s stock after buying an additional 5,508 shares during the quarter. JPMorgan Chase & Co. comprises 2.3% of Emfo LLC’s portfolio, making the stock its 7th biggest holding. Emfo LLC’s holdings in JPMorgan Chase & Co. were worth $2,365,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of JPM. Grayhawk Investment Strategies Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at about $32,000. HBC Financial Services PLLC grew its position in shares of JPMorgan Chase & Co. by 61.2% in the second quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 90 shares during the last quarter. Financial Connections Group Inc. grew its position in shares of JPMorgan Chase & Co. by 48.5% in the second quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 100 shares during the last quarter. Horizons Wealth Management acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at about $39,000. Finally, New Millennium Group LLC acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at about $39,000. 67.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and lowered their price target for the company from $155.00 to $145.00 in a research report on Friday, January 6th. StockNews.com started coverage on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. UBS Group set a $156.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday, January 13th. BMO Capital Markets increased their target price on shares of JPMorgan Chase & Co. from $149.00 to $158.00 and gave the company a “market perform” rating in a research note on Monday, October 17th. Finally, Oppenheimer increased their target price on shares of JPMorgan Chase & Co. from $169.00 to $177.00 and gave the company an “outperform” rating in a research note on Tuesday. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.89.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 4,399 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $140.32, for a total transaction of $617,267.68. Following the completion of the sale, the insider now owns 36,369 shares of the company’s stock, valued at approximately $5,103,298.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Vice Chairman Peter Scher sold 4,399 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $140.32, for a total transaction of $617,267.68. Following the transaction, the insider now directly owns 36,369 shares of the company’s stock, valued at $5,103,298.08. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 23,148 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the transaction, the general counsel now directly owns 48,311 shares in the company, valued at $6,778,516.41. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,336 shares of company stock valued at $6,372,156. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $134.75 on Friday. The firm has a market cap of $395.25 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 2.23 and a beta of 1.13. The company has a 50 day moving average of $134.61 and a 200-day moving average of $122.50. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $159.03.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued 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 business had revenue of $34.55 billion during the quarter, compared to analyst estimates of $34.23 billion. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. JPMorgan Chase & Co.’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.33 earnings per share. On average, equities analysts forecast that JPMorgan Chase & Co. will post 12.81 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 6th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Thursday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 33.11%.

About JPMorgan Chase & Co.

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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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