Ausdal Financial Partners Inc. lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,755 shares of the financial services provider’s stock after acquiring an additional 1,033 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in JPMorgan Chase & Co. were worth $1,123,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in JPM. Private Vista LLC purchased a new stake in JPMorgan Chase & Co. in the second quarter worth $102,000. Kohmann Bosshard Financial Services LLC purchased a new stake in JPMorgan Chase & Co. in the third quarter worth $102,000. Atlantic Trust LLC purchased a new stake in JPMorgan Chase & Co. in the second quarter worth $136,000. Northwest Investment Counselors LLC purchased a new stake in JPMorgan Chase & Co. in the second quarter worth $165,000. Finally, Capital Advisors Ltd. LLC grew its stake in JPMorgan Chase & Co. by 53.0% in the second 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 during the period. Institutional investors own 73.76% of the company’s stock.
JPM has been the topic of several recent research reports. Credit Suisse Group raised JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price target on the stock in a research note on Friday, January 5th. Bank of America set a $102.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Friday, October 13th. Vining Sparks reaffirmed a “buy” rating and issued a $120.00 price target on shares of JPMorgan Chase & Co. in a research note on Friday. Oppenheimer reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, October 12th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Friday, December 8th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $102.52.
Shares of JPMorgan Chase & Co. (JPM) opened at $112.67 on Friday. The company has a market capitalization of $390,930.00, a price-to-earnings ratio of 16.16, a PEG ratio of 2.01 and a beta of 1.22. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37. JPMorgan Chase & Co. has a 12 month low of $81.64 and a 12 month high of $112.85.
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. The firm had revenue of $24.15 billion for the quarter, compared to the consensus estimate of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.68% and a net margin of 24.08%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.71 earnings per share. equities research analysts anticipate that JPMorgan Chase & Co. will post 6.9 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is currently 32.14%.
In other news, General Counsel Stacey Friedman sold 2,099 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was 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 of the company’s stock, valued at $1,557,846.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate 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.
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