WD Rutherford LLC Purchases Shares of 21,770 JPMorgan Chase & Co. (NYSE:JPM)


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WD Rutherford LLC purchased a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,770 shares of the financial services provider’s stock, valued at approximately $2,766,000. JPMorgan Chase & Co. comprises about 1.7% of WD Rutherford LLC’s portfolio, making the stock its 27th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in JPM. AMI Asset Management Corp boosted its position in JPMorgan Chase & Co. by 1.7% during the 4th quarter. AMI Asset Management Corp now owns 4,487 shares of the financial services provider’s stock worth $570,000 after purchasing an additional 74 shares during the period. Axiom Financial Strategies LLC raised its position in JPMorgan Chase & Co. by 0.9% in the fourth quarter. Axiom Financial Strategies LLC now owns 8,412 shares of the financial services provider’s stock valued at $1,069,000 after purchasing an additional 76 shares during the period. Outlook Wealth Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.6% during the fourth quarter. Outlook Wealth Advisors LLC now owns 4,764 shares of the financial services provider’s stock worth $605,000 after purchasing an additional 77 shares in the last quarter. Summit Financial Strategies Inc. boosted its position in shares of JPMorgan Chase & Co. by 1.3% in the fourth quarter. Summit Financial Strategies Inc. now owns 5,796 shares of the financial services provider’s stock worth $736,000 after buying an additional 77 shares during the period. Finally, Arbor Investment Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 1.8% in the fourth quarter. Arbor Investment Advisors LLC now owns 4,692 shares of the financial services provider’s stock worth $596,000 after buying an additional 81 shares during the period. Institutional investors own 69.02% of the company’s stock.

Shares of NYSE JPM opened at $149.41 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $455.43 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23. JPMorgan Chase & Co. has a twelve month low of $76.91 and a twelve month high of $150.19. The business has a 50 day simple moving average of $137.02 and a 200-day simple moving average of $114.93.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Thursday, January 14th. The financial services provider reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $1.17. The firm had revenue of $29.22 billion during the quarter, compared to the consensus estimate of $28.74 billion. JPMorgan Chase & Co. had a net margin of 19.16% and a return on equity of 10.85%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.57 earnings per share. As a group, equities analysts predict that JPMorgan Chase & Co. will post 7.83 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, January 31st. Investors of record on Wednesday, January 6th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Tuesday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 34.35%.

Several equities analysts recently commented on JPM shares. Bank of America raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 13th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of JPMorgan Chase & Co. from $120.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, January 6th. Independent Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research note on Thursday, December 3rd. Keefe, Bruyette & Woods lifted their price target on shares of JPMorgan Chase & Co. from $135.00 to $150.00 and gave the stock a “market perform” rating in a research note on Monday, January 18th. Finally, Jefferies Financial Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price objective for the company from $110.00 to $152.00 in a research report on Thursday, January 7th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $129.16.

In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 22,011 shares of the firm’s stock in a transaction dated Friday, January 29th. The shares were sold at an average price of $129.84, for a total value of $2,857,908.24. 0.78% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in 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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