IFM Investors Pty Ltd lessened its holdings in JPMorgan Chase (NYSE:JPM) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,582 shares of the financial services provider’s stock after selling 872 shares during the period. JPMorgan Chase comprises approximately 1.7% of IFM Investors Pty Ltd’s portfolio, making the stock its 5th biggest position. IFM Investors Pty Ltd’s holdings in JPMorgan Chase were worth $10,542,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of JPMorgan Chase during the third quarter worth $102,000. Welch Investments LLC purchased a new stake in shares of JPMorgan Chase during the third quarter worth $103,000. Legacy Advisors LLC purchased a new stake in shares of JPMorgan Chase during the third quarter worth $106,000. Cerebellum GP LLC purchased a new stake in shares of JPMorgan Chase during the fourth quarter worth $119,000. Finally, Lipe & Dalton purchased a new stake in shares of JPMorgan Chase during the third quarter worth $143,000. 74.49% of the stock is owned by institutional investors and hedge funds.
JPMorgan Chase stock opened at $109.32 on Thursday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $378,236.19, a PE ratio of 15.91, a price-to-earnings-growth ratio of 1.86 and a beta of 1.24. JPMorgan Chase has a 52 week low of $81.64 and a 52 week high of $119.33.
JPMorgan Chase (NYSE:JPM) last posted its quarterly earnings data on Friday, April 13th. The financial services provider reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.09. The business had revenue of $27.90 billion for the quarter, compared to analyst estimates of $27.73 billion. JPMorgan Chase had a return on equity of 12.60% and a net margin of 22.53%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.65 earnings per share. analysts anticipate that JPMorgan Chase will post 8.9 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, April 6th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.05%. JPMorgan Chase’s payout ratio is presently 32.61%.
JPM has been the subject of several recent research reports. Wells Fargo set a $120.00 price objective on JPMorgan Chase and gave the stock a “buy” rating in a report on Wednesday, December 20th. Buckingham Research upgraded JPMorgan Chase from a “neutral” rating to a “buy” rating in a report on Thursday, December 21st. Barclays increased their price objective on JPMorgan Chase from $105.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Credit Suisse Group upgraded JPMorgan Chase to a “buy” rating and set a $120.00 price objective for the company in a report on Friday, January 5th. Finally, Societe Generale lowered JPMorgan Chase from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. JPMorgan Chase has an average rating of “Hold” and an average price target of $112.10.
In other JPMorgan Chase news, Director Mellody L. Hobson acquired 18,000 shares of the company’s stock in a transaction dated Monday, April 16th. The shares were acquired at an average cost of $111.05 per share, for a total transaction of $1,998,900.00. Following the completion of the purchase, the director now owns 864 shares of the company’s stock, valued at approximately $95,947.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Peter Scher sold 26,532 shares of JPMorgan Chase stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $113.42, for a total value of $3,009,259.44. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.
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About JPMorgan Chase
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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