Narwhal Capital Management Has $10.42 Million Stake in JPMorgan Chase (JPM)

Narwhal Capital Management grew its holdings in JPMorgan Chase (NYSE:JPM) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 97,459 shares of the financial services provider’s stock after buying an additional 4,285 shares during the quarter. JPMorgan Chase accounts for approximately 2.4% of Narwhal Capital Management’s holdings, making the stock its 5th biggest holding. Narwhal Capital Management’s holdings in JPMorgan Chase were worth $10,422,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of JPMorgan Chase in the 3rd quarter valued at $102,000. Welch Investments LLC acquired a new stake in shares of JPMorgan Chase during the 3rd quarter worth about $103,000. Legacy Advisors LLC acquired a new stake in shares of JPMorgan Chase during the 3rd quarter worth about $106,000. Atlantic Trust LLC acquired a new stake in shares of JPMorgan Chase during the 2nd quarter worth about $136,000. Finally, Lipe & Dalton acquired a new stake in shares of JPMorgan Chase during the 3rd quarter worth about $143,000. Institutional investors own 74.50% of the company’s stock.

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A number of equities research analysts recently issued reports on JPM shares. Buckingham Research upgraded shares of JPMorgan Chase from a “neutral” rating to a “buy” rating in a research report on Thursday, December 21st. Wells Fargo set a $120.00 target price on shares of JPMorgan Chase and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Royal Bank of Canada reiterated a “buy” rating on shares of JPMorgan Chase in a research report on Friday, December 8th. Credit Suisse Group upgraded shares of JPMorgan Chase to a “buy” rating and set a $120.00 target price for the company in a research report on Friday, January 5th. Finally, Vining Sparks reiterated a “buy” rating and set a $120.00 target price on shares of JPMorgan Chase in a research report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $112.14.

Shares of NYSE JPM opened at $111.88 on Friday. The stock has a market capitalization of $375,216.09, a PE ratio of 16.29, a price-to-earnings-growth ratio of 1.85 and a beta of 1.24. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.01 and a current ratio of 1.01. JPMorgan Chase has a 1 year low of $81.64 and a 1 year high of $119.33.

JPMorgan Chase (NYSE:JPM) last issued its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.07. The company had revenue of $24.15 billion for the quarter, compared to analyst estimates of $24.87 billion. JPMorgan Chase had a net margin of 21.46% and a return on equity of 11.63%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.71 EPS. analysts expect that JPMorgan Chase will post 8.88 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, April 6th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Thursday, April 5th. JPMorgan Chase’s dividend payout ratio (DPR) is presently 32.61%.

In other news, EVP Peter Scher sold 17,057 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $112.20, for a total value of $1,913,795.40. Following the transaction, the executive vice president now owns 15,310 shares of the company’s stock, valued at approximately $1,717,782. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ashley Bacon sold 16,434 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the completion of the transaction, the insider now directly owns 98,811 shares in the company, valued at approximately $11,088,570.42. The disclosure for this sale can be found here. Insiders sold a total of 152,047 shares of company stock worth $17,098,115 in the last ninety days. Insiders own 0.88% of the company’s stock.

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About JPMorgan Chase

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.

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

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