JPMorgan Chase & Co. (JPM) Stake Boosted by RB Capital Management LLC

Share on StockTwits

RB Capital Management LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 10.0% during the second quarter, HoldingsChannel.com reports. The firm owned 13,833 shares of the financial services provider’s stock after purchasing an additional 1,259 shares during the period. JPMorgan Chase & Co. accounts for about 1.1% of RB Capital Management LLC’s portfolio, making the stock its 22nd largest position. RB Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,441,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of JPM. Financial Gravity Wealth Inc. acquired a new stake in JPMorgan Chase & Co. in the 1st quarter valued at about $150,000. Stelac Advisory Services LLC acquired a new stake in JPMorgan Chase & Co. in the 1st quarter valued at about $162,000. Private Ocean LLC grew its stake in JPMorgan Chase & Co. by 94.7% in the 1st quarter. Private Ocean LLC now owns 1,694 shares of the financial services provider’s stock valued at $186,000 after acquiring an additional 824 shares during the last quarter. Avenir Corp acquired a new stake in JPMorgan Chase & Co. in the 1st quarter valued at about $201,000. Finally, Reilly Herbert Faulkner III acquired a new stake in JPMorgan Chase & Co. in the 1st quarter valued at about $202,000. 70.62% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on the stock. Wolfe Research assumed coverage on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 25th. They issued an “outperform” rating on the stock. Citigroup increased their price objective on shares of JPMorgan Chase & Co. from $115.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, September 26th. Zacks Investment Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a research note on Friday, September 14th. Bank of America increased their price objective on shares of JPMorgan Chase & Co. from $126.00 to $132.00 and gave the company a “buy” rating in a research note on Monday, September 17th. Finally, DZ Bank upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. JPMorgan Chase & Co. has an average rating of “Buy” and a consensus target price of $123.44.

In related news, Director Mellody L. Hobson acquired 1,150 shares of the business’s stock in a transaction dated Friday, October 19th. The shares were acquired at an average cost of $108.94 per share, for a total transaction of $125,281.00. Following 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 hyperlink. Also, CEO Gordon Smith sold 30,725 shares of the stock in a transaction dated Monday, July 23rd. The stock was sold at an average price of $114.01, for a total transaction of $3,502,957.25. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.

NYSE:JPM opened at $107.91 on Friday. The stock has a market capitalization of $376.93 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 1.78 and a beta of 1.17. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.01 and a current ratio of 1.01. JPMorgan Chase & Co. has a 12-month low of $95.95 and a 12-month high of $119.33.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, October 12th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.24 by $0.10. The company had revenue of $27.26 billion for the quarter, compared to analyst estimates of $27.20 billion. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. During the same period in the prior year, the firm earned $1.76 EPS. Analysts forecast that JPMorgan Chase & Co. will post 9.26 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Friday, October 5th will be issued a dividend of $0.80 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. This represents a $3.20 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Thursday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 46.58%.

JPMorgan Chase & Co. 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.

Featured Story: Growth Stocks, What They Are, What They Are Not

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Loom Network  Reaches Market Capitalization of $29.30 Million
Loom Network Reaches Market Capitalization of $29.30 Million
DeltaCredits Hits 24 Hour Volume of $0.00
DeltaCredits Hits 24 Hour Volume of $0.00
Zacks: Brokerages Expect Eventbrite Inc  Will Announce Quarterly Sales of $72.90 Million
Zacks: Brokerages Expect Eventbrite Inc Will Announce Quarterly Sales of $72.90 Million
Zacks: Analysts Expect Aramark  Will Announce Earnings of $0.64 Per Share
Zacks: Analysts Expect Aramark Will Announce Earnings of $0.64 Per Share
Zacks: Brokerages Anticipate QuinStreet Inc  Will Post Earnings of $0.12 Per Share
Zacks: Brokerages Anticipate QuinStreet Inc Will Post Earnings of $0.12 Per Share
Mixin  Price Tops $66.82
Mixin Price Tops $66.82


© 2006-2018 Ticker Report