JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Winfield Associates Inc.


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Winfield Associates Inc. raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 3.5% during the first quarter, Holdings Channel reports. The firm owned 4,283 shares of the financial services provider’s stock after purchasing an additional 143 shares during the period. Winfield Associates Inc.’s holdings in JPMorgan Chase & Co. were worth $652,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Cypress Point Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at $25,000. Inspire Advisors LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter worth $27,000. Retirement Group LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter worth $29,000. TFO TDC LLC lifted its holdings in JPMorgan Chase & Co. by 107.6% in the 4th quarter. TFO TDC LLC now owns 357 shares of the financial services provider’s stock worth $45,000 after buying an additional 185 shares in the last quarter. Finally, Valley Forge Investment Consultants Inc. ADV acquired a new position in JPMorgan Chase & Co. in the 4th quarter worth $48,000. Institutional investors and hedge funds own 69.02% of the company’s stock.

In related news, CEO Douglas B. Petno sold 22,011 shares of the business’s stock in a transaction that occurred on Friday, January 29th. The stock was sold at an average price of $129.84, for a total value of $2,857,908.24. 0.78% of the stock is currently owned by insiders.

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada boosted their target price on shares of JPMorgan Chase & Co. from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 19th. Bank of America raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 13th. DA Davidson boosted their price objective on shares of JPMorgan Chase & Co. from $147.00 to $163.00 and gave the company a “buy” rating in a research report on Tuesday, January 19th. Wells Fargo & Company boosted their price objective on shares of JPMorgan Chase & Co. from $170.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, March 22nd. Finally, Jefferies Financial Group boosted their price objective on shares of JPMorgan Chase & Co. from $157.00 to $177.00 and gave the company a “buy” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seventeen have issued a buy rating to the stock. JPMorgan Chase & Co. currently has a consensus rating of “Buy” and a consensus target price of $140.08.

Shares of NYSE JPM traded down $1.11 during trading hours on Tuesday, hitting $154.84. The stock had a trading volume of 401,664 shares, compared to its average volume of 15,353,643. The company has a market capitalization of $469.49 billion, a P/E ratio of 20.39, a P/E/G ratio of 2.87 and a beta of 1.23. The firm’s 50-day moving average price is $152.97 and its two-hundred day moving average price is $127.91. JPMorgan Chase & Co. has a 52 week low of $82.40 and a 52 week high of $161.69. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.88 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Thursday, January 14th. The financial services provider reported $3.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $1.17. The business had revenue of $29.22 billion during the quarter, compared to analysts’ expectations of $28.74 billion. JPMorgan Chase & Co. had a return on equity of 10.85% and a net margin of 19.16%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.57 EPS. As a group, analysts expect that JPMorgan Chase & Co. will post 7.83 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 30th. Investors of record on Tuesday, April 6th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Monday, April 5th. This represents a $3.60 annualized dividend and a yield of 2.32%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 34.35%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products 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.

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

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