Skba Capital Management LLC cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 152,232 shares of the financial services provider’s stock after selling 1,200 shares during the period. JPMorgan Chase & Co. makes up about 2.1% of Skba Capital Management LLC’s holdings, making the stock its 19th largest holding. Skba Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $14,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Private Vista LLC purchased a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at approximately $102,000. Kohmann Bosshard Financial Services LLC acquired a new position in JPMorgan Chase & Co. in the third quarter valued at approximately $102,000. Welch Investments LLC acquired a new position in JPMorgan Chase & Co. in the third quarter valued at approximately $103,000. Legacy Advisors LLC acquired a new position in JPMorgan Chase & Co. in the third quarter valued at approximately $106,000. Finally, Atlantic Trust LLC acquired a new position in JPMorgan Chase & Co. in the second quarter valued at approximately $136,000. Institutional investors and hedge funds own 73.82% of the company’s stock.
A number of research analysts recently commented on JPM shares. Buckingham Research upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a report on Thursday, December 21st. Wells Fargo & Co set a $120.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Wednesday, December 20th. Royal Bank of Canada reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Friday, December 8th. Bank of America set a $119.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Monday, January 15th. Finally, Vining Sparks reiterated a “buy” rating and issued a $120.00 price objective on shares of JPMorgan Chase & Co. in a report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have issued a buy rating to the stock. JPMorgan Chase & Co. has an average rating of “Hold” and a consensus price target of $107.42.
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.07. The business had revenue of $24.15 billion for the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the firm earned $1.71 earnings per share. sell-side analysts predict that JPMorgan Chase & Co. will post 8.85 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is currently 35.56%.
In related news, Director James S. Crown acquired 7,280 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, January 18th. The shares were acquired at an average cost of $113.37 per share, for a total transaction of $825,333.60. Following the completion of the purchase, the director now owns 305,875 shares in the company, valued at $34,677,048.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ashley Bacon sold 16,434 shares of the stock in a transaction on Tuesday, January 16th. The shares were 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 owns 98,811 shares in the company, valued at $11,088,570.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 152,047 shares of company stock worth $17,098,115. Insiders own 0.88% of the company’s stock.
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About JPMorgan Chase & Co.
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.
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