Tarbox Family Office Inc. boosted its stake in shares of JPMorgan Chase (NYSE:JPM) by 39.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,224 shares of the financial services provider’s stock after purchasing an additional 634 shares during the quarter. Tarbox Family Office Inc.’s holdings in JPMorgan Chase were worth $238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. ETRADE Capital Management LLC boosted its position in JPMorgan Chase by 4.2% during the third quarter. ETRADE Capital Management LLC now owns 88,152 shares of the financial services provider’s stock valued at $8,419,000 after purchasing an additional 3,513 shares in the last quarter. Osborn Williams & Donohoe LLC boosted its position in JPMorgan Chase by 0.7% during the fourth quarter. Osborn Williams & Donohoe LLC now owns 77,947 shares of the financial services provider’s stock valued at $8,336,000 after purchasing an additional 558 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in JPMorgan Chase by 8.4% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 286,186 shares of the financial services provider’s stock valued at $27,334,000 after purchasing an additional 22,236 shares in the last quarter. Sei Investments Co. boosted its holdings in JPMorgan Chase by 3.4% in the third quarter. Sei Investments Co. now owns 2,088,914 shares of the financial services provider’s stock worth $199,513,000 after acquiring an additional 68,418 shares in the last quarter. Finally, FDx Advisors Inc. boosted its holdings in JPMorgan Chase by 11.3% in the third quarter. FDx Advisors Inc. now owns 136,089 shares of the financial services provider’s stock worth $12,998,000 after acquiring an additional 13,827 shares in the last quarter. 74.49% of the stock is currently owned by institutional investors.
JPMorgan Chase stock opened at $110.21 on Wednesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.01 and a quick ratio of 1.01. JPMorgan Chase has a 52 week low of $81.64 and a 52 week high of $119.33. The stock has a market cap of $378,545.09, a P/E ratio of 16.04, a PEG ratio of 1.86 and a beta of 1.24.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 6th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, April 5th. JPMorgan Chase’s dividend payout ratio is currently 32.61%.
JPM has been the subject of several recent analyst reports. Vetr downgraded JPMorgan Chase from a “sell” rating to a “strong sell” rating and set a $93.51 price target for the company. in a report on Wednesday, January 10th. Zacks Investment Research downgraded JPMorgan Chase from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Morgan Stanley raised their price target on JPMorgan Chase from $133.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, February 21st. Credit Suisse Group raised JPMorgan Chase to a “buy” rating and set a $120.00 price target for the company in a report on Friday, January 5th. Finally, Vining Sparks reissued a “buy” rating and issued a $120.00 price target on shares of JPMorgan Chase in a report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have given a buy rating to the stock. JPMorgan Chase currently has a consensus rating of “Hold” and a consensus target price of $112.10.
In related news, Director Mellody L. Hobson purchased 18,000 shares of JPMorgan Chase stock in a transaction that occurred on Monday, April 16th. The stock was bought at an average cost of $111.05 per share, for a total transaction of $1,998,900.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James S. Crown purchased 7,280 shares of JPMorgan Chase stock in a transaction that occurred on Thursday, January 18th. The shares were bought at an average price of $113.37 per share, with a total value of $825,333.60. Following the completion of the transaction, the director now owns 305,875 shares of the company’s stock, valued at approximately $34,677,048.75. The disclosure for this purchase can be found here. 0.73% of the stock is currently owned by company insiders.
JPMorgan Chase Company 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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