Investment House LLC Acquires 120 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Investment House LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,170 shares of the financial services provider’s stock after purchasing an additional 120 shares during the quarter. Investment House LLC’s holdings in JPMorgan Chase & Co. were worth $540,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. HBC Financial Services PLLC raised its stake in 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 in the last quarter. Grayhawk Investment Strategies Inc. acquired a new position in JPMorgan Chase & Co. during the second quarter worth about $32,000. Financial Connections Group Inc. raised its stake in JPMorgan Chase & Co. by 48.5% during the second quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 100 shares in the last quarter. Horizons Wealth Management acquired a new position in JPMorgan Chase & Co. during the second quarter worth about $39,000. Finally, New Millennium Group LLC acquired a new position in JPMorgan Chase & Co. during the second quarter worth about $39,000. Institutional investors and hedge funds own 67.89% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $134.75 on Friday. The stock has a market capitalization of $395.25 billion, a PE ratio of 11.15, a PEG ratio of 2.23 and a beta of 1.13. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $159.03. The business’s 50 day simple moving average is $134.61 and its 200 day simple moving average is $122.50. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $3.14 by $0.43. The firm had revenue of $34.55 billion for the quarter, compared to analysts’ expectations of $34.23 billion. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.33 EPS. As a group, research analysts forecast that JPMorgan Chase & Co. will post 12.81 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared 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 dividend yield of 2.97%. The ex-dividend date is Thursday, January 5th. JPMorgan Chase & Co.’s payout ratio is 33.11%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 10,340 shares of the stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total transaction of $1,450,598.60. Following the transaction, the chief executive officer now directly owns 544,136 shares in the company, valued at approximately $76,336,839.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Mary E. Erdoes sold 10,340 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total transaction of $1,450,598.60. Following the transaction, the chief executive officer now directly owns 544,136 shares of the company’s stock, valued at $76,336,839.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 23,148 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total value 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 three months, insiders have sold 46,336 shares of company stock worth $6,372,156. Corporate insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and lowered their target price for the stock from $155.00 to $145.00 in a research note on Friday, January 6th. The Goldman Sachs Group lowered their target price on JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, October 4th. BMO Capital Markets boosted their target price on JPMorgan Chase & Co. from $149.00 to $158.00 and gave the stock a “market perform” rating in a research note on Monday, October 17th. Royal Bank of Canada set a $130.00 price target on JPMorgan Chase & Co. in a report on Friday, January 13th. Finally, UBS Group set a $156.00 price target on JPMorgan Chase & Co. in a report on Friday, January 13th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $147.89.

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.

See Also

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

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