Welch & Forbes LLC decreased its stake in JPMorgan Chase (NYSE:JPM) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 593,693 shares of the financial services provider’s stock after selling 1,665 shares during the quarter. JPMorgan Chase makes up 1.7% of Welch & Forbes LLC’s holdings, making the stock its 14th largest position. Welch & Forbes LLC’s holdings in JPMorgan Chase were worth $63,490,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC purchased a new position in JPMorgan Chase during the third quarter worth approximately $102,000. Welch Investments LLC purchased a new position in JPMorgan Chase during the third quarter worth approximately $103,000. Legacy Advisors LLC purchased a new position in JPMorgan Chase during the third quarter worth approximately $106,000. Cerebellum GP LLC acquired a new position in shares of JPMorgan Chase during the fourth quarter valued at approximately $119,000. Finally, Lipe & Dalton acquired a new position in shares of JPMorgan Chase during the third quarter valued at approximately $143,000. Hedge funds and other institutional investors own 74.49% of the company’s stock.
NYSE:JPM opened at $110.21 on Wednesday. JPMorgan Chase has a one year low of $81.64 and a one year high of $119.33. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $378,545.09, a P/E ratio of 16.04, a P/E/G ratio of 1.86 and a beta of 1.24.
JPMorgan Chase (NYSE:JPM) last posted its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.37 EPS for the quarter, beating the consensus estimate of $2.28 by $0.09. JPMorgan Chase had a return on equity of 12.60% and a net margin of 22.53%. The firm had revenue of $27.90 billion during the quarter, compared to analysts’ expectations of $27.73 billion. During the same quarter last year, the firm earned $1.65 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. equities research analysts anticipate that JPMorgan Chase will post 8.9 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 6th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $2.24 annualized dividend and a yield of 2.03%. JPMorgan Chase’s dividend payout ratio (DPR) is 32.61%.
JPM has been the subject of a number of research analyst reports. Argus increased their target price on JPMorgan Chase from $109.00 to $125.00 and gave the company a “buy” rating in a report on Friday, January 12th. Nomura set a $115.00 target price on JPMorgan Chase and gave the company a “neutral” rating in a report on Friday, January 12th. Credit Suisse Group reissued an “outperform” rating and set a $125.00 target price (up previously from $120.00) on shares of JPMorgan Chase in a report on Tuesday, January 16th. Barclays increased their target price on JPMorgan Chase from $105.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Finally, Wells Fargo set a $120.00 target price on JPMorgan Chase and gave the company a “buy” rating in a report on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $112.10.
In other JPMorgan Chase news, Director James S. Crown bought 7,280 shares of the business’s stock in a transaction on Thursday, January 18th. The stock was bought at an average price of $113.37 per share, with a total value of $825,333.60. Following the completion of the purchase, the director now directly owns 305,875 shares in the company, valued at $34,677,048.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mellody L. Hobson bought 18,000 shares of the business’s stock in a transaction on Monday, April 16th. The shares were acquired at an average cost of $111.05 per share, with a total value of $1,998,900.00. The disclosure for this purchase can be found here. 0.73% of the stock is owned by company insiders.
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JPMorgan Chase Profile
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.
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