UNIVEST FINANCIAL Corp boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 16.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,296 shares of the financial services provider’s stock after acquiring an additional 7,929 shares during the period. JPMorgan Chase & Co. accounts for approximately 2.0% of UNIVEST FINANCIAL Corp’s holdings, making the stock its 5th biggest holding. UNIVEST FINANCIAL Corp’s holdings in JPMorgan Chase & Co. were worth $4,771,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Sabal Trust CO boosted its position in shares of JPMorgan Chase & Co. by 0.4% during the fourth quarter. Sabal Trust CO now owns 261,903 shares of the financial services provider’s stock valued at $36,510,000 after purchasing an additional 1,003 shares in the last quarter. Inspirion Wealth Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth $229,000. Legacy Capital Partners Inc. grew its stake in JPMorgan Chase & Co. by 4.4% in the fourth quarter. Legacy Capital Partners Inc. now owns 3,555 shares of the financial services provider’s stock worth $496,000 after purchasing an additional 150 shares during the period. Family Legacy Inc. raised its holdings in JPMorgan Chase & Co. by 4.3% in the fourth quarter. Family Legacy Inc. now owns 32,754 shares of the financial services provider’s stock worth $4,485,000 after purchasing an additional 1,346 shares in the last quarter. Finally, Paragon Advisors LLC bought a new position in JPMorgan Chase & Co. in the fourth quarter worth $241,000. 72.05% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have commented on JPM. BMO Capital Markets raised their price objective on JPMorgan Chase & Co. to $126.00 in a research report on Wednesday, October 16th. 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. Robert W. Baird increased their price target on shares of JPMorgan Chase & Co. from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Morgan Stanley reiterated a “buy” rating and issued a $141.00 price target (up from $138.00) on shares of JPMorgan Chase & Co. in a research note on Monday, November 18th. Finally, UBS Group cut shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and lifted their price target for the company from $132.00 to $138.00 in a research report on Monday, January 6th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $131.33.
NYSE JPM opened at $138.80 on Wednesday. JPMorgan Chase & Co. has a 12 month low of $98.09 and a 12 month high of $141.10. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.26. The stock’s fifty day moving average price is $136.24 and its 200-day moving average price is $121.84. The stock has a market cap of $426.78 billion, a P/E ratio of 15.42, a P/E/G ratio of 1.85 and a beta of 1.24.
JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, January 14th. The financial services provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.25. The firm had revenue of $28.30 billion during the quarter, compared to analyst estimates of $27.69 billion. JPMorgan Chase & Co. had a return on equity of 14.63% and a net margin of 24.70%. JPMorgan Chase & Co.’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 EPS. As a group, analysts forecast that JPMorgan Chase & Co. will post 10.21 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Friday, January 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 40.00%.
In other JPMorgan Chase & Co. news, CEO Daniel E. Pinto sold 64,198 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $130.91, for a total value of $8,404,160.18. Following the completion of the transaction, the chief executive officer now directly owns 451,481 shares of the company’s stock, valued at $59,103,377.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nicole Giles sold 863 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $126.73, for a total transaction of $109,367.99. Following the completion of the transaction, the insider now owns 8,949 shares in the company, valued at approximately $1,134,106.77. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,655 shares of company stock valued at $9,095,955. 0.76% of the stock is owned by company insiders.
JPMorgan Chase & Co. Profile
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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