HWG Holdings LP acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 3rd quarter, Holdings Channel reports. The firm acquired 16,231 shares of the financial services provider’s stock, valued at approximately $1,832,000. JPMorgan Chase & Co. accounts for about 1.2% of HWG Holdings LP’s investment portfolio, making the stock its 29th biggest position.
A number of other hedge funds have also bought and sold shares of JPM. O Brien Wealth Partners LLC increased its holdings in shares of JPMorgan Chase & Co. by 1,120.9% in the 3rd quarter. O Brien Wealth Partners LLC now owns 1,111 shares of the financial services provider’s stock valued at $125,000 after acquiring an additional 1,020 shares during the last quarter. Quad Cities Investment Group LLC acquired a new position in JPMorgan Chase & Co. during the 2nd quarter valued at approximately $124,000. Ballew Advisors Inc boosted its position in JPMorgan Chase & Co. by 104.2% during the 2nd quarter. Ballew Advisors Inc now owns 1,213 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 619 shares during the period. Kwmg LLC acquired a new position in JPMorgan Chase & Co. during the 2nd quarter valued at approximately $158,000. Finally, Cahaba Wealth Management Inc. acquired a new position in JPMorgan Chase & Co. during the 3rd quarter valued at approximately $200,000. Institutional investors own 70.12% of the company’s stock.
Shares of JPM stock opened at $100.57 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.17. JPMorgan Chase & Co. has a 1 year low of $91.11 and a 1 year high of $119.33. The firm has a market cap of $345.56 billion, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 1.50 and a beta of 1.15.
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, October 12th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.24 by $0.10. JPMorgan Chase & Co. had a return on equity of 13.90% and a net margin of 23.39%. The company had revenue of $27.26 billion during the quarter, compared to analyst estimates of $27.20 billion. During the same quarter in the previous year, the firm posted $1.76 EPS. Equities analysts expect that JPMorgan Chase & Co. will post 9.25 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Friday, January 4th will be given a dividend of $0.80 per share. The ex-dividend date is Thursday, January 3rd. This represents a $3.20 dividend on an annualized basis and a yield of 3.18%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 46.58%.
A number of research firms recently issued reports on JPM. Wolfe Research began coverage on JPMorgan Chase & Co. in a research report on Tuesday, September 25th. They set an “outperform” rating for the company. Citigroup boosted their price objective on JPMorgan Chase & Co. from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday, September 26th. Zacks Investment Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $127.00 price objective for the company in a research report on Friday, September 14th. Bank of America boosted their price objective on JPMorgan Chase & Co. from $126.00 to $132.00 and gave the company a “buy” rating in a research report on Monday, September 17th. Finally, Wells Fargo & Co set a $130.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Thursday, November 15th. Twelve research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $121.85.
In other news, Director Mellody L. Hobson acquired 1,150 shares of the business’s stock in a transaction dated Friday, October 19th. The stock was acquired at an average price of $108.94 per share, for a total transaction of $125,281.00. Following the completion of the acquisition, the director now directly owns 2,632 shares in the company, valued at approximately $286,730.08. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate 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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