Icapital Wealth LLC increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 69.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,955 shares of the financial services provider’s stock after purchasing an additional 7,362 shares during the period. JPMorgan Chase & Co. makes up approximately 1.0% of Icapital Wealth LLC’s portfolio, making the stock its 28th biggest holding. Icapital Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $2,354,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Lowe Wealth Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 230.0% in the fourth quarter. Lowe Wealth Advisors LLC now owns 165 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 115 shares during the last quarter. Joseph Group Capital Management bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $1,353,000. Carolina Wealth Advisors LLC grew its position in JPMorgan Chase & Co. by 176.5% during the fourth quarter. Carolina Wealth Advisors LLC now owns 235 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 150 shares during the last quarter. Evolution Advisers Inc. bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $52,000. Finally, Leverty Financial Group LLC bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $54,000. Institutional investors own 70.35% of the company’s stock.
In related news, insider Ashley Bacon sold 21,012 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, April 19th. The stock was sold at an average price of $130.04, for a total value of $2,732,400.48. Following the completion of the sale, the insider now directly owns 178,588 shares in the company, valued at approximately $23,223,583.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jennifer Piepszak sold 4,668 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, April 14th. The stock was sold at an average price of $126.19, for a total value of $589,054.92. Following the completion of the sale, the chief executive officer now owns 11,135 shares of the company’s stock, valued at $1,405,125.65. The disclosure for this sale can be found here. 0.79% of the stock is owned by insiders.
JPM has been the topic of a number of recent research reports. Oppenheimer upgraded shares of JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $167.00 price target on the stock in a research report on Tuesday, May 3rd. UBS Group set a $197.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 2nd. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $148.00 price target (up from $142.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 24th. Societe Generale upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price target for the company from $145.00 to $150.00 in a research report on Tuesday, May 24th. Finally, Argus cut their target price on shares of JPMorgan Chase & Co. from $177.00 to $155.00 in a report on Thursday, April 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $161.83.
Shares of JPMorgan Chase & Co. stock opened at $113.92 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $334.59 billion, a P/E ratio of 8.45, a P/E/G ratio of 2.06 and a beta of 1.11. The business has a fifty day simple moving average of $123.12 and a two-hundred day simple moving average of $139.48. JPMorgan Chase & Co. has a 12 month low of $111.48 and a 12 month high of $172.96.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its quarterly earnings data on Wednesday, April 13th. The financial services provider reported $2.63 EPS for the quarter, missing the consensus estimate of $2.73 by ($0.10). The firm had revenue of $30.72 billion for the quarter, compared to analysts’ expectations of $30.53 billion. JPMorgan Chase & Co. had a net margin of 33.61% and a return on equity of 16.58%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $4.50 EPS. Analysts predict that JPMorgan Chase & Co. will post 11.23 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 29.67%.
About JPMorgan Chase & Co. (Get Rating)
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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