Hayek Kallen Investment Management Has $956,000 Position in JPMorgan Chase & Co. (JPM)

Hayek Kallen Investment Management boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 35.6% during the fourth quarter, HoldingsChannel reports. The firm owned 9,789 shares of the financial services provider’s stock after purchasing an additional 2,571 shares during the quarter. Hayek Kallen Investment Management’s holdings in JPMorgan Chase & Co. were worth $956,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Bogart Wealth LLC grew its stake in shares of JPMorgan Chase & Co. by 19.0% during the fourth quarter. Bogart Wealth LLC now owns 625 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 100 shares during the last quarter. Carmichael Hill & Associates Inc. increased its holdings in shares of JPMorgan Chase & Co. by 2.3% during the fourth quarter. Carmichael Hill & Associates Inc. now owns 6,785 shares of the financial services provider’s stock valued at $662,000 after acquiring an additional 152 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its position in shares of JPMorgan Chase & Co. by 0.8% in the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 22,886 shares of the financial services provider’s stock valued at $2,234,000 after purchasing an additional 189 shares during the last quarter. Garde Capital Inc. raised its position in shares of JPMorgan Chase & Co. by 1.2% in the 3rd quarter. Garde Capital Inc. now owns 17,113 shares of the financial services provider’s stock valued at $1,884,000 after purchasing an additional 195 shares during the last quarter. Finally, Reynders McVeigh Capital Management LLC raised its position in shares of JPMorgan Chase & Co. by 1.5% in the 3rd quarter. Reynders McVeigh Capital Management LLC now owns 13,433 shares of the financial services provider’s stock valued at $1,516,000 after purchasing an additional 200 shares during the last quarter. 69.88% of the stock is currently owned by institutional investors.

Several analysts have weighed in on the stock. Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Monday, December 10th. Keefe, Bruyette & Woods lowered shares of JPMorgan Chase & Co. from an “overweight” rating to a “market perform” rating in a research note on Thursday, December 13th. Atlantic Securities cut shares of JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report on Wednesday, December 19th. Wells Fargo & Co reiterated a “buy jpm” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, December 20th. Finally, Barclays lifted their price objective on shares of JPMorgan Chase & Co. from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $122.25.

Shares of NYSE:JPM opened at $105.31 on Friday. JPMorgan Chase & Co. has a twelve month low of $91.11 and a twelve month high of $119.24. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $362.28 billion, a P/E ratio of 11.70, a price-to-earnings-growth ratio of 1.63 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, January 15th. The financial services provider reported $1.98 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $26.69 billion. During the same period in the prior year, the business posted $1.76 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, analysts forecast that JPMorgan Chase & Co. will post 9.7 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 35.56%.

In related news, CEO Douglas B. Petno sold 11,659 shares of the business’s stock in a transaction on Tuesday, January 29th. The shares were sold at an average price of $105.00, for a total transaction of $1,224,195.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Peter Scher sold 18,679 shares of the business’s stock in a transaction on Tuesday, January 29th. The shares were sold at an average price of $105.00, for a total transaction of $1,961,295.00. Following the transaction, the insider now owns 23,471 shares of the company’s stock, valued at $2,464,455. The disclosure for this sale can be found here. Insiders sold 39,191 shares of company stock worth $4,102,110 in the last quarter. Company insiders own 0.73% of the company’s stock.

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JPMorgan Chase & Co. Profile

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 deposit and investment products 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, payment processing, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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