Stillwater Investment Management LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 36,057 shares of the financial services provider’s stock after buying an additional 210 shares during the period. JPMorgan Chase & Co. makes up 1.6% of Stillwater Investment Management LLC’s investment portfolio, making the stock its 12th largest position. Stillwater Investment Management LLC’s holdings in JPMorgan Chase & Co. were worth $3,520,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. First Hawaiian Bank boosted its stake in JPMorgan Chase & Co. by 384.3% in the 3rd quarter. First Hawaiian Bank now owns 95,808 shares of the financial services provider’s stock worth $10,811,000 after purchasing an additional 76,026 shares in the last quarter. Capital Planning Advisors LLC boosted its stake in JPMorgan Chase & Co. by 18.6% in the 2nd quarter. Capital Planning Advisors LLC now owns 14,951 shares of the financial services provider’s stock worth $1,558,000 after purchasing an additional 2,349 shares during the period. Watch Point Trust Co boosted its stake in JPMorgan Chase & Co. by 5.2% in the 3rd quarter. Watch Point Trust Co now owns 35,201 shares of the financial services provider’s stock worth $3,972,000 after purchasing an additional 1,738 shares during the period. BigSur Wealth Management LLC boosted its stake in JPMorgan Chase & Co. by 22.2% in the 3rd quarter. BigSur Wealth Management LLC now owns 25,313 shares of the financial services provider’s stock worth $2,856,000 after purchasing an additional 4,600 shares during the period. Finally, Congress Asset Management Co. MA boosted its stake in JPMorgan Chase & Co. by 1.4% in the 3rd quarter. Congress Asset Management Co. MA now owns 115,402 shares of the financial services provider’s stock worth $13,022,000 after purchasing an additional 1,638 shares during the period. Hedge funds and other institutional investors own 68.96% of the company’s stock.
Several research analysts have weighed in on the company. Atlantic Securities downgraded JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note on Wednesday, December 19th. Barclays restated a “buy” rating and issued a $140.00 price target on shares of JPMorgan Chase & Co. in a research note on Thursday, February 21st. Zacks Investment Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a research note on Wednesday, December 5th. Morgan Stanley dropped their price target on JPMorgan Chase & Co. from $131.00 to $124.00 and set an “overweight” rating for the company in a research note on Tuesday, January 8th. Finally, Daiwa Capital Markets downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $122.87.
NYSE:JPM traded down $1.85 during midday trading on Thursday, hitting $102.67. 330,733 shares of the company traded hands, compared to its average volume of 12,247,901. JPMorgan Chase & Co. has a 12-month low of $91.11 and a 12-month high of $119.24. The firm has a market capitalization of $358.71 billion, a PE ratio of 11.43, a PEG ratio of 1.65 and a beta of 1.12. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.00 and a current ratio of 1.00.
JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, January 15th. The financial services provider reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.22). JPMorgan Chase & Co. had a return on equity of 14.07% and a net margin of 24.71%. The business had revenue of $26.10 billion during the quarter, compared to analysts’ expectations of $26.69 billion. During the same quarter in the previous year, the business earned $1.76 EPS. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities analysts forecast that JPMorgan Chase & Co. will post 9.73 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be paid a $0.80 dividend. The ex-dividend date is Thursday, April 4th. This represents a $3.20 dividend on an annualized basis and a yield of 3.12%. JPMorgan Chase & Co.’s payout ratio is 35.56%.
In other JPMorgan Chase & Co. news, Director James S. Crown bought 5,000 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, February 5th. The shares were acquired at an average price of $103.79 per share, for a total transaction of $518,950.00. Following the completion of the purchase, the director now directly owns 311,447 shares in the company, valued at approximately $32,325,084.13. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ashley Bacon sold 5,831 shares of the stock in a transaction on Wednesday, January 16th. The stock was sold at an average price of $102.78, for a total value of $599,310.18. Following the completion of the sale, the insider now owns 98,838 shares in the company, valued at approximately $10,158,569.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,191 shares of company stock worth $4,102,110. Insiders own 0.73% of the company’s stock.
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JPMorgan Chase & Co. Company Profile
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.
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