Disciplined Investments LLC increases its equity holdings in JPMorgan Chase & Co. (NYSE:JPM)
Disciplined Investments LLC increased its holdings of JPMorgan Chase & Co. (NYSE:JPM) stock 4.5% in Q1, Holdings Channel.com reports. The company held 2,080 shares of the financial services provider after acquiring an additional 89 shares during the period. Disciplined Investments LLC’s holdings in JPMorgan Chase & Co. were worth $284,000 when it last filed with the SEC.
Several other hedge funds have also increased or reduced their stakes in JPM. NuWave Investment Management LLC purchased a new stake in JPMorgan Chase & Co. stock during the fourth quarter, valued at approximately $401,000. Lowe Wealth Advisors LLC increased its position in JPMorgan Chase & Co. shares by 230.0% during the fourth quarter. Lowe Wealth Advisors LLC now owns 165 shares of the financial services provider valued at $26,000 after acquiring 115 additional shares in the last quarter. Atlas Brown Inc. increased its position in JPMorgan Chase & Co. shares by 1.5% during the fourth quarter. Atlas Brown Inc. now owns 27,074 shares of the financial services provider valued at $4,287,000 after acquiring 404 additional shares last quarter. Wilsey Asset Management Inc. increased its position in JPMorgan Chase & Co. by 1.2% in the fourth quarter. Wilsey Asset Management Inc. now owns 161,348 shares of the financial services provider worth $25,549,000 after purchasing an additional 1,956 shares during the period. Finally, United Capital Management of KS Inc. acquired a new stake in JPMorgan Chase & Co. in the 4th quarter for a value of approximately $1,095,000. Hedge funds and other institutional investors hold 70.35% of the company’s shares.
In other news, CEO Jennifer Piepszak sold 4,668 shares of the company in a trade dated Thursday, April 14. The shares were sold at an average price of $126.19, for a total value of $589,054.92. As a result of the sale, the CEO now directly owns 11,135 shares of the company, valued at approximately $1,405,125.65. The transaction was disclosed in a legal filing with the SEC, accessible via this link. Additionally, insider Ashley Bacon sold 21,012 shares of the company in a trade dated Tuesday, April 19. The stock was sold at an average price of $130.04, for a total transaction of $2,732,400.48. Following the completion of the sale, the insider now owns 178,588 shares of the company, valued at $23,223,583.52. The disclosure of this sale can be found here. 0.79% of the shares are held by insiders.
JPM opened at $114.36 on Friday. The company has a debt ratio of 1.16, a quick ratio of 0.82 and a current ratio of 0.82. JPMorgan Chase & Co. has a fifty-two week low of $109.30 and a fifty-two week high of $172.96. The company’s fifty-day moving average is $120.53 and its 200-day moving average is $135.96. The stock has a market capitalization of $335.88 billion, a price-to-earnings ratio of 8.48, a growth price-to-earnings ratio of 2.04 and a beta of 1.15.
JPMorgan Chase & Co. (NYSE: JPM – Get Rating) last reported quarterly results on Wednesday, April 13. The financial services provider reported EPS of $2.63 for the quarter, missing the consensus estimate of $2.73 per ($0.10). The company posted revenue of $30.72 billion in the quarter, compared to $30.53 billion expected by analysts. JPMorgan Chase & Co. achieved a return on equity of 16.58% and a net margin of 33.61%. The company’s revenue for the quarter was down 4.8% from the same quarter last year. In the same quarter of the previous year, the company achieved EPS of $4.50. On average, equity research analysts expect JPMorgan Chase & Co. to post earnings per share of 11.23 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, July 31. Shareholders of record on Wednesday, July 6 will receive a dividend of $1.00. This represents an annualized dividend of $4.00 and a yield of 3.50%. The ex-dividend date is Tuesday, July 5. JPMorgan Chase & Co.’s payout ratio is currently 29.67%.
A number of equity research analysts have commented on JPM shares. Wells Fargo & Company cut its price target on JPMorgan Chase & Co. stock from $150.00 to $120.00 and set an “equal weight” rating for the company in a Friday, May 1 research report July. Barclays set a target price of $200.00 on JPMorgan Chase & Co. shares in a Thursday, June 30 research report. Argus reduced its target price on JPMorgan Chase & Co. shares from $177.00 to $155.00 in a Thursday, April 14 research report. StockNews.com took over coverage of JPMorgan Chase & Co. stocks in a Thursday, March 31 research report. They issued a “holding” rating for the company. Finally, Goldman Sachs Group set a price target of $151.00 on JPMorgan Chase & Co. stock and gave the stock a “buy” rating in a Thursday, April 14, research note. One financial analyst gave the stock a sell rating, eight gave the company a hold rating and eight gave the company a buy rating. According to data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Hold” and a consensus target price of $159.33.
Profile of JPMorgan Chase & Co. (Get an evaluation)
JPMorgan Chase & Co operates as a worldwide financial services company. 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 consumer services; lending, deposit, cash management and payment solutions for small businesses; mortgage origination and management activities; residential mortgages and home equity loans; and credit card, car loan and leasing services.
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