Wealthsource Partners LLC Has $2.04 Million Position in J P Morgan Chase & Co (JPM)

Wealthsource Partners LLC lifted its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 7.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,282 shares of the financial services provider’s stock after buying an additional 1,480 shares during the quarter. Wealthsource Partners LLC’s holdings in J P Morgan Chase & Co were worth $2,037,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JPM. Private Vista LLC purchased a new stake in J P Morgan Chase & Co in the 2nd quarter worth $102,000. Pacific Center for Financial Services lifted its stake in J P Morgan Chase & Co by 14.5% in the 1st quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 177 shares in the last quarter. Ullmann Financial Group Inc. purchased a new stake in J P Morgan Chase & Co in the 1st quarter worth $148,000. Northwest Investment Counselors LLC purchased a new stake in J P Morgan Chase & Co in the 2nd quarter worth $165,000. Finally, Capital Advisors Ltd. LLC lifted its stake in J P Morgan Chase & Co by 53.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 670 shares in the last quarter. Institutional investors own 73.93% of the company’s stock.

Several analysts have commented on the stock. Jefferies Group set a $111.00 price target on shares of J P Morgan Chase & Co and gave the stock a “buy” rating in a research note on Friday, October 13th. Keefe, Bruyette & Woods set a $96.00 price target on shares of J P Morgan Chase & Co and gave the stock a “hold” rating in a research note on Saturday, August 19th. Vetr upgraded shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price target on the stock in a research note on Wednesday, September 6th. BMO Capital Markets boosted their price target on shares of J P Morgan Chase & Co from $86.00 to $91.00 and gave the stock a “market perform” rating in a research note on Friday, October 13th. Finally, Zacks Investment Research cut shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $92.18.

In related news, General Counsel Stacey Friedman sold 2,099 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the transaction, the general counsel now directly owns 15,279 shares in the company, valued at approximately $1,557,846.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.88% of the company’s stock.

Shares of J P Morgan Chase & Co (JPM) traded up $1.23 during trading hours on Wednesday, reaching $106.85. 15,508,800 shares of the company traded hands, compared to its average volume of 13,997,725. The company has a market cap of $366,472.44, a P/E ratio of 15.22, a price-to-earnings-growth ratio of 2.29 and a beta of 1.22. J P Morgan Chase & Co has a one year low of $81.64 and a one year high of $108.40. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03.

J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.67 by $0.09. The company had revenue of $25.33 billion for the quarter, compared to the consensus estimate of $24.91 billion. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.58 EPS. analysts predict that J P Morgan Chase & Co will post 6.91 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.10%. J P Morgan Chase & Co’s payout ratio is 32.28%.

COPYRIGHT VIOLATION NOTICE: “Wealthsource Partners LLC Has $2.04 Million Position in J P Morgan Chase & Co (JPM)” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://www.com-unik.info/2017/12/13/wealthsource-partners-llc-has-2-04-million-position-in-j-p-morgan-chase-co-jpm.html.

J P Morgan Chase & Co Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

Institutional Ownership by Quarter for J P Morgan Chase & Co (NYSE:JPM)

What are top analysts saying about J P Morgan Chase & Co? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for J P Morgan Chase & Co and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit