JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Cedar Capital LLC

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Cedar Capital LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 7.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,498 shares of the financial services provider’s stock after purchasing an additional 502 shares during the quarter. Cedar Capital LLC’s holdings in JPMorgan Chase & Co. were worth $1,045,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth $26,000. Bridger Capital Management LLC acquired a new stake in JPMorgan Chase & Co. during the 3rd quarter worth $33,000. Vista Private Wealth Partners. LLC acquired a new stake in JPMorgan Chase & Co. during the 3rd quarter worth $35,000. Eukles Asset Management raised its stake in JPMorgan Chase & Co. by 36.5% during the 3rd quarter. Eukles Asset Management now owns 318 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 85 shares in the last quarter. Finally, JJJ Advisors Inc. raised its stake in JPMorgan Chase & Co. by 87.5% during the 3rd quarter. JJJ Advisors Inc. now owns 375 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 175 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.

Several equities research analysts recently commented on the stock. Societe Generale lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Credit Suisse Group raised their price objective on shares of JPMorgan Chase & Co. from $142.00 to $147.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 15th. Edward Jones reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 15th. Wolfe Research downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 6th. Finally, BMO Capital Markets raised their price objective on shares of JPMorgan Chase & Co. to and gave the stock a “market perform” rating in a research report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company. JPMorgan Chase & Co. has an average rating of “Hold” and a consensus target price of $135.29.

Shares of JPMorgan Chase & Co. stock opened at $137.88 on Friday. JPMorgan Chase & Co. has a 1 year low of $98.09 and a 1 year high of $141.10. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.93 and a current ratio of 0.92. The company has a market capitalization of $432.02 billion, a P/E ratio of 12.86, a PEG ratio of 2.57 and a beta of 1.19. The company’s fifty day moving average is $136.79 and its two-hundred day moving average is $125.05.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, January 14th. The financial services provider reported $2.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.25. The business had revenue of $28.30 billion for the quarter, compared to the consensus estimate of $27.69 billion. JPMorgan Chase & Co. had a net margin of 25.49% and a return on equity of 15.19%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.98 earnings per share. As a group, equities analysts expect that JPMorgan Chase & Co. will post 10.71 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Friday, January 3rd. JPMorgan Chase & Co.’s payout ratio is 34.35%.

In other news, CEO Gordon Smith sold 11,800 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $137.04, for a total value of $1,617,072.00. Following the sale, the chief executive officer now owns 425,690 shares of the company’s stock, valued at $58,336,557.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Nicole Giles sold 3,015 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $137.10, for a total transaction of $413,356.50. Following the completion of the sale, the insider now directly owns 10,607 shares in the company, valued at approximately $1,454,219.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,814 shares of company stock worth $17,318,144. Insiders own 0.76% of the company’s stock.

About JPMorgan Chase & Co.

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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