PDS Planning Inc Acquires 1,882 Shares of JPMorgan Chase & Co. (NYSE:JPM)

PDS Planning Inc grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,044 shares of the financial services provider’s stock after buying an additional 1,882 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.8% of PDS Planning Inc’s holdings, making the stock its 25th biggest position. PDS Planning Inc’s holdings in JPMorgan Chase & Co. were worth $8,021,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Stone House Investment Management LLC boosted its stake in JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 89 shares in the last quarter. Retirement Group LLC boosted its stake in JPMorgan Chase & Co. by 227.1% in the 1st quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 109 shares in the last quarter. Richardson Capital Management LLC bought a new position in JPMorgan Chase & Co. in the 1st quarter worth about $34,000. Kathleen S. Wright Associates Inc. bought a new position in JPMorgan Chase & Co. in the 1st quarter worth about $40,000. Finally, Bare Financial Services Inc bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $35,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.0 %

JPM stock opened at $207.73 on Thursday. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $210.38. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $596.53 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 2.75 and a beta of 1.12. The business has a 50 day simple moving average of $199.27 and a two-hundred day simple moving average of $188.41.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.18 by $0.45. The business had revenue of $41.93 billion during the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. Research analysts anticipate that JPMorgan Chase & Co. will post 16.47 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.21%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. UBS Group upped their target price on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Wolfe Research cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday. Morgan Stanley lowered their target price on shares of JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 21st. Finally, Robert W. Baird upped their target price on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus target price of $196.05.

Get Our Latest Research Report on JPMorgan Chase & Co.

Insider Activity

In other news, General Counsel Stacey Friedman sold 4,415 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the transaction, the general counsel now directly owns 42,124 shares in the company, valued at approximately $8,452,180.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, General Counsel Stacey Friedman sold 4,415 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the sale, the general counsel now directly owns 42,124 shares in the company, valued at $8,452,180.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction on Monday, June 10th. The stock was sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the transaction, the insider now directly owns 212,265 shares of the company’s stock, valued at $42,355,358.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 250,565 shares of company stock worth $46,962,717. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Company 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

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

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