Guardian Capital LP Raises Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Guardian Capital LP increased its holdings in JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 38.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 14,805 shares of the financial services provider’s stock after acquiring an additional 4,100 shares during the period. Guardian Capital LP’s holdings in JPMorgan Chase & Co. were worth $1,667,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in JPM. Cantor Fitzgerald Investment Advisor L.P boosted its position in shares of JPMorgan Chase & Co. by 81.1% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock worth $30,321,000 after buying an additional 99,636 shares during the period. IFM Investors Pty Ltd boosted its holdings in JPMorgan Chase & Co. by 19.5% in the first quarter. IFM Investors Pty Ltd now owns 474,403 shares of the financial services provider’s stock valued at $64,671,000 after purchasing an additional 77,353 shares during the period. BCK Partners Inc. purchased a new position in JPMorgan Chase & Co. in the first quarter valued at $2,455,000. Corundum Group Inc. boosted its holdings in JPMorgan Chase & Co. by 69.3% in the first quarter. Corundum Group Inc. now owns 8,080 shares of the financial services provider’s stock valued at $1,101,000 after purchasing an additional 3,306 shares during the period. Finally, FSB Premier Wealth Management Inc. boosted its holdings in JPMorgan Chase & Co. by 10.3% in the first quarter. FSB Premier Wealth Management Inc. now owns 5,482 shares of the financial services provider’s stock valued at $676,000 after purchasing an additional 510 shares during the period. 68.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on JPM. The Goldman Sachs Group decreased their target price on JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, October 4th. Credit Suisse Group set a $145.00 target price on JPMorgan Chase & Co. in a report on Tuesday, November 8th. Morgan Stanley decreased their target price on JPMorgan Chase & Co. from $127.00 to $126.00 and set an “underweight” rating for the company in a report on Wednesday, October 5th. Oppenheimer cut their price target on JPMorgan Chase & Co. to $154.00 in a research note on Thursday, October 20th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on JPMorgan Chase & Co. from $174.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, September 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $144.90.

JPMorgan Chase & Co. Stock Performance

JPM stock traded up $1.44 during trading on Thursday, hitting $136.48. The company had a trading volume of 7,316,204 shares, compared to its average volume of 11,552,875. The firm has a market cap of $400.32 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 2.30 and a beta of 1.14. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $169.81. The firm has a 50-day moving average price of $119.42 and a 200-day moving average price of $118.46. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.13.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly earnings results on Friday, October 14th. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.95 by $0.17. The firm had revenue of $32.72 billion for the quarter, compared to analysts’ expectations of $31.88 billion. JPMorgan Chase & Co. had a return on equity of 14.52% and a net margin of 26.85%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.74 EPS. On average, analysts expect that JPMorgan Chase & Co. will post 11.72 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Thursday, October 6th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date was Wednesday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 33.78%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,310 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total value of $163,776.20. Following the sale, the insider now owns 34,973 shares of the company’s stock, valued at approximately $4,372,324.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,000 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.07, for a total value of $250,140.00. Following the sale, the insider now owns 19,031 shares of the company’s stock, valued at approximately $2,380,207.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Peter Scher sold 1,310 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total value of $163,776.20. Following the sale, the insider now directly owns 34,973 shares in the company, valued at approximately $4,372,324.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,964 shares of company stock valued at $4,936,426. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Profile

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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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.

See Also

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

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