Midas Management Corp decreased its holdings in shares of JPMorgan Chase (NYSE:JPM) by 14.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,000 shares of the financial services provider’s stock after selling 1,200 shares during the period. Midas Management Corp’s holdings in JPMorgan Chase were worth $749,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. CENTRAL TRUST Co increased its stake in shares of JPMorgan Chase by 0.6% during the fourth quarter. CENTRAL TRUST Co now owns 171,014 shares of the financial services provider’s stock valued at $18,288,000 after purchasing an additional 1,010 shares in the last quarter. Webster Bank N. A. increased its stake in shares of JPMorgan Chase by 0.4% during the fourth quarter. Webster Bank N. A. now owns 136,997 shares of the financial services provider’s stock valued at $14,650,000 after purchasing an additional 550 shares in the last quarter. Partnervest Advisory Services LLC increased its stake in shares of JPMorgan Chase by 5.6% during the fourth quarter. Partnervest Advisory Services LLC now owns 23,306 shares of the financial services provider’s stock valued at $2,492,000 after purchasing an additional 1,230 shares in the last quarter. Lau Associates LLC increased its stake in shares of JPMorgan Chase by 6.2% during the fourth quarter. Lau Associates LLC now owns 14,239 shares of the financial services provider’s stock valued at $1,523,000 after purchasing an additional 833 shares in the last quarter. Finally, Bredin Investment LLC bought a new position in shares of JPMorgan Chase during the fourth quarter valued at approximately $1,598,000. 74.50% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on JPM shares. Vetr downgraded shares of JPMorgan Chase from a “sell” rating to a “strong sell” rating and set a $93.51 target price for the company. in a research note on Wednesday, January 10th. Zacks Investment Research downgraded shares of JPMorgan Chase from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Morgan Stanley raised their price target on shares of JPMorgan Chase from $133.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Credit Suisse Group raised shares of JPMorgan Chase to a “buy” rating and set a $120.00 price target for the company in a research report on Friday, January 5th. Finally, Vining Sparks reissued a “buy” rating and set a $120.00 price target on shares of JPMorgan Chase in a research report on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $112.58.
Shares of JPM stock opened at $109.09 on Friday. JPMorgan Chase has a 12-month low of $81.64 and a 12-month high of $119.33. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $380,913.13, a P/E ratio of 15.88, a P/E/G ratio of 1.87 and a beta of 1.24.
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, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.07. JPMorgan Chase had a net margin of 21.46% and a return on equity of 11.63%. The company had revenue of $24.15 billion for the quarter, compared to analysts’ expectations of $24.87 billion. During the same quarter last year, the company posted $1.71 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. equities analysts predict that JPMorgan Chase will post 8.89 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 6th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, April 5th. JPMorgan Chase’s dividend payout ratio is currently 32.61%.
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JPMorgan Chase 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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