Jacobi Capital Management LLC Buys 1,077 Shares of JPMorgan Chase & Co. (JPM)

Jacobi Capital Management LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 10.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,531 shares of the financial services provider’s stock after purchasing an additional 1,077 shares during the period. Jacobi Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of JPM. Smith Salley & Associates raised its holdings in shares of JPMorgan Chase & Co. by 2.4% in the third quarter. Smith Salley & Associates now owns 133,527 shares of the financial services provider’s stock worth $12,754,000 after buying an additional 3,142 shares during the period. Pettee Investors Inc. raised its holdings in shares of JPMorgan Chase & Co. by 1.0% in the third quarter. Pettee Investors Inc. now owns 99,001 shares of the financial services provider’s stock worth $9,456,000 after buying an additional 1,000 shares during the period. Golub Group LLC purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter worth approximately $334,000. Annex Advisory Services LLC raised its holdings in shares of JPMorgan Chase & Co. by 9.9% in the third quarter. Annex Advisory Services LLC now owns 15,616 shares of the financial services provider’s stock worth $1,491,000 after buying an additional 1,410 shares during the period. Finally, Stoneridge Investment Partners LLC raised its holdings in shares of JPMorgan Chase & Co. by 35.1% in the third quarter. Stoneridge Investment Partners LLC now owns 122,182 shares of the financial services provider’s stock worth $11,670,000 after buying an additional 31,776 shares during the period. Institutional investors and hedge funds own 73.80% of the company’s stock.

Shares of JPMorgan Chase & Co. (NYSE JPM) opened at $113.01 on Monday. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $392,113.72, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22. JPMorgan Chase & Co. has a 52-week low of $81.64 and a 52-week high of $114.34.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results 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 business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.71 EPS. equities research analysts forecast that JPMorgan Chase & Co. will post 8.78 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 annualized dividend and a yield of 1.98%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.56%.

Several equities research analysts have recently weighed in on the company. Jefferies Group set a $111.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, October 13th. BMO Capital Markets increased their price target on JPMorgan Chase & Co. from $86.00 to $91.00 and gave the stock a “market perform” rating in a report on Friday, October 13th. Buckingham Research upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a report on Thursday, December 21st. Nomura set a $115.00 price target on JPMorgan Chase & Co. and gave the stock a “neutral” rating in a report on Friday, January 12th. Finally, DZ Bank raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, January 17th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $105.81.

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 65,101 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $112.25, for a total transaction of $7,307,587.25. Following the sale, the chief executive officer now owns 479,882 shares of the company’s stock, valued at approximately $53,866,754.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the sale, the general counsel now directly owns 15,279 shares in the company, valued at approximately $1,557,846.84. The disclosure for this sale can be found here. Insiders have sold a total of 154,146 shares of company stock worth $17,312,129 in the last ninety days. Insiders own 0.88% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Jacobi Capital Management LLC Buys 1,077 Shares of JPMorgan Chase & Co. (JPM)” was originally reported by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright laws. The original version of this piece can be viewed at https://www.thelincolnianonline.com/2018/01/22/jacobi-capital-management-llc-buys-1077-shares-of-jpmorgan-chase-co-jpm.html.

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.

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)

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply