Wedge Capital Management L L P NC decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 356,486 shares of the financial services provider’s stock after selling 1,658 shares during the quarter. Wedge Capital Management L L P NC’s holdings in JPMorgan Chase & Co. were worth $34,048,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of JPM. Cumberland Partners Ltd lifted its position in JPMorgan Chase & Co. by 1.9% during the 3rd quarter. Cumberland Partners Ltd now owns 419,550 shares of the financial services provider’s stock worth $40,071,000 after acquiring an additional 7,790 shares during the period. Marathon Trading Investment Management LLC acquired a new stake in JPMorgan Chase & Co. during the 3rd quarter worth about $258,000. Csenge Advisory Group acquired a new stake in JPMorgan Chase & Co. during the 3rd quarter worth about $1,668,000. Ausdal Financial Partners Inc. lifted its position in JPMorgan Chase & Co. by 9.6% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 11,755 shares of the financial services provider’s stock worth $1,123,000 after acquiring an additional 1,033 shares during the period. Finally, Dupont Capital Management Corp lifted its position in JPMorgan Chase & Co. by 3.0% during the 3rd quarter. Dupont Capital Management Corp now owns 517,868 shares of the financial services provider’s stock worth $49,462,000 after acquiring an additional 14,887 shares during the period. 73.76% of the stock is owned by hedge funds and other institutional investors.
JPMorgan Chase & Co. (JPM) opened at $112.67 on Friday. The firm has a market capitalization of $390,934.03, a PE ratio of 17.88, a price-to-earnings-growth ratio of 2.05 and a beta of 1.22. JPMorgan Chase & Co. has a 52 week low of $81.64 and a 52 week high of $112.85. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03.
JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.07. The business had revenue of $24.15 billion during the quarter, compared to analyst estimates of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $1.71 EPS. equities research analysts expect that JPMorgan Chase & Co. will post 8.25 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.99%. JPMorgan Chase & Co.’s payout ratio is currently 35.56%.
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the transaction, the general counsel now owns 15,279 shares in the company, valued at approximately $1,557,846.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.88% of the company’s stock.
JPM has been the subject of a number of research reports. Wells Fargo & Co lifted their price target on JPMorgan Chase & Co. from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Royal Bank of Canada reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Friday, December 8th. Barclays lifted their price target on JPMorgan Chase & Co. from $105.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. BMO Capital Markets lifted their price target on JPMorgan Chase & Co. from $86.00 to $91.00 and gave the stock a “market perform” rating in a research report on Friday, October 13th. Finally, Societe Generale cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. JPMorgan Chase & Co. currently has an average rating of “Hold” and an average target price of $102.52.
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About JPMorgan Chase & Co.
JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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