Waldron LP Buys 1,490 Shares of JPMorgan Chase & Co. (JPM)

Waldron LP boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 10.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 15,740 shares of the financial services provider’s stock after acquiring an additional 1,490 shares during the period. Waldron LP’s holdings in JPMorgan Chase & Co. were worth $1,503,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of JPM. Kohmann Bosshard Financial Services LLC purchased a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $102,000. Welch Investments LLC purchased a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $103,000. Legacy Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $106,000. Atlantic Trust LLC purchased a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at about $136,000. Finally, Lipe & Dalton purchased a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $143,000. Institutional investors own 73.82% of the company’s stock.

Shares of JPMorgan Chase & Co. (NYSE:JPM) opened at $107.88 on Friday. JPMorgan Chase & Co. has a 1 year low of $81.64 and a 1 year high of $117.35. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01. The firm has a market capitalization of $391,627.97, a P/E ratio of 17.12, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The company had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. During the same period last year, the firm earned $1.71 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. equities analysts predict that JPMorgan Chase & Co. will post 8.85 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th were issued a $0.56 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $2.24 annualized dividend and a dividend yield of 2.08%. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.56%.

A number of research analysts have recently commented on JPM shares. Argus increased their price objective on JPMorgan Chase & Co. from $109.00 to $125.00 and gave the company a “buy” rating in a report on Friday, January 12th. Barclays upped their target price on JPMorgan Chase & Co. from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Nomura set a $115.00 target price on JPMorgan Chase & Co. and gave the company a “neutral” rating in a research report on Friday, January 12th. Credit Suisse Group reissued an “outperform” rating and issued a $125.00 target price (up from $120.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, January 16th. Finally, Oppenheimer reissued a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, October 12th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $107.25.

In other news, insider Ashley Bacon sold 16,434 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total value of $1,844,223.48. Following the completion of the sale, the insider now directly owns 98,811 shares of the company’s stock, valued at approximately $11,088,570.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Stacey Friedman sold 17,729 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $112.33, for a total value of $1,991,498.57. Following the completion of the sale, the general counsel now directly owns 21,260 shares of the company’s stock, valued at $2,388,135.80. The disclosure for this sale can be found here. Insiders sold a total of 152,047 shares of company stock valued at $17,098,115 over the last three months. Insiders own 0.88% of the company’s stock.

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JPMorgan 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.

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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