Bbva Compass Bancshares Inc. reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 153,358 shares of the financial services provider’s stock after selling 1,343 shares during the period. JPMorgan Chase & Co. makes up approximately 1.0% of Bbva Compass Bancshares Inc.’s holdings, making the stock its 16th biggest holding. Bbva Compass Bancshares Inc.’s holdings in JPMorgan Chase & Co. were worth $17,305,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Arthur M. Cohen & Associates LLC increased its stake in JPMorgan Chase & Co. by 6.7% during the 2nd quarter. Arthur M. Cohen & Associates LLC now owns 7,018 shares of the financial services provider’s stock worth $732,000 after buying an additional 440 shares in the last quarter. Torch Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 1.7% in the 2nd quarter. Torch Wealth Management LLC now owns 27,374 shares of the financial services provider’s stock valued at $2,852,000 after buying an additional 451 shares during the period. Youngs Advisory Group Inc. boosted its holdings in JPMorgan Chase & Co. by 12.2% in the 3rd quarter. Youngs Advisory Group Inc. now owns 4,243 shares of the financial services provider’s stock valued at $479,000 after purchasing an additional 460 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of JPMorgan Chase & Co. by 4.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 12,083 shares of the financial services provider’s stock valued at $1,259,000 after purchasing an additional 464 shares during the last quarter. Finally, Morningstar Investment Services LLC raised its holdings in shares of JPMorgan Chase & Co. by 4.3% in the second quarter. Morningstar Investment Services LLC now owns 11,331 shares of the financial services provider’s stock valued at $1,181,000 after purchasing an additional 466 shares during the last quarter. 71.27% of the stock is owned by institutional investors.
A number of analysts recently weighed in on JPM shares. Barclays boosted their target price on JPMorgan Chase & Co. from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 2nd. Wells Fargo & Co reiterated a “buy jpm” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, December 20th. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Monday, December 10th. Jefferies Financial Group lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $101.20 target price for the company. in a research note on Tuesday, January 8th. Finally, BMO Capital Markets cut their price target on shares of JPMorgan Chase & Co. from $124.00 to $123.00 and set a “market perform” rating for the company in a report on Wednesday, January 16th. Twelve research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $122.94.
In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 11,659 shares of the business’s stock in a transaction that occurred on Tuesday, January 29th. The shares were sold at an average price of $105.00, for a total transaction of $1,224,195.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James S. Crown purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, February 5th. The stock was purchased at an average price of $103.79 per share, for a total transaction of $518,950.00. Following the transaction, the director now directly owns 311,447 shares in the company, valued at approximately $32,325,084.13. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 39,191 shares of company stock worth $4,102,110. Company insiders own 0.73% of the company’s stock.
NYSE JPM opened at $103.09 on Thursday. JPMorgan Chase & Co. has a 1-year low of $91.11 and a 1-year high of $119.33. The company has a current ratio of 1.00, a quick ratio of 1.01 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $353.63 billion, a PE ratio of 11.45, a PEG ratio of 1.53 and a beta of 1.11.
JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, January 15th. The financial services provider reported $1.98 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.20 by ($0.22). The firm had revenue of $26.10 billion for the quarter, compared to the consensus estimate of $26.69 billion. JPMorgan Chase & Co. had a return on equity of 14.07% and a net margin of 24.71%. JPMorgan Chase & Co.’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.76 EPS. On average, research analysts predict that JPMorgan Chase & Co. will post 9.94 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 31st. Investors of record on Friday, January 4th were issued a $0.80 dividend. The ex-dividend date was Thursday, January 3rd. This represents a $3.20 annualized dividend and a yield of 3.10%. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.56%.
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JPMorgan Chase & Co. Company 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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