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Grandview Asset Management LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 21.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 16,440 shares of the financial services provider’s stock after buying an additional 2,911 shares during the period. JPMorgan Chase & Co. makes up approximately 0.9% of Grandview Asset Management LLC’s investment portfolio, making the stock its 28th largest position. Grandview Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,241,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Carolina Wealth Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 176.5% in the fourth quarter. Carolina Wealth Advisors LLC now owns 235 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 150 shares in the last quarter. Landmark Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $46,000. Evolution Advisers Inc. bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $52,000. Leverty Financial Group LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $54,000. Finally, Delos Wealth Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 13,433.3% in the fourth quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 403 shares in the last quarter. Institutional investors own 70.35% of the company’s stock.
Analysts Set New Price Targets
Several analysts recently commented on the stock. StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, March 31st. They set a “hold” rating for the company. Citigroup upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and reduced their price target for the company from $145.00 to $135.00 in a research report on Tuesday. Argus decreased their price objective on shares of JPMorgan Chase & Co. from $177.00 to $155.00 in a research note on Thursday, April 14th. Morgan Stanley decreased their price objective on shares of JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating for the company in a research note on Tuesday. Finally, Societe Generale raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price objective for the stock from $145.00 to $150.00 in a research note on Tuesday, May 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $143.95.
Insider Activity
In other news, insider Ashley Bacon sold 21,012 shares of the firm’s stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of $130.04, for a total transaction of $2,732,400.48. Following the transaction, the insider now owns 178,588 shares in the company, valued at approximately $23,223,583.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.79% of the stock is owned by insiders.
JPMorgan Chase & Co. Stock Up 4.6 %
JPMorgan Chase & Co. stock opened at $112.95 on Friday. The company has a market capitalization of $331.74 billion, a P/E ratio of 8.38, a P/E/G ratio of 1.99 and a beta of 1.15. The firm’s fifty day simple moving average is $119.34 and its 200-day simple moving average is $134.51. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.16. JPMorgan Chase & Co. has a 1-year low of $106.06 and a 1-year high of $172.96.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.76. The business had revenue of $30.72 billion for the quarter, compared to the consensus estimate of $31.82 billion. JPMorgan Chase & Co. had a net margin of 33.61% and a return on equity of 16.58%. JPMorgan Chase & Co.’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm earned $3.78 EPS. Sell-side analysts forecast that JPMorgan Chase & Co. will post 11.37 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, July 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.54%. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.67%.
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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.
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