JPMorgan Chase (JPM) Position Lifted by NewSquare Capital LLC

NewSquare Capital LLC increased its stake in JPMorgan Chase (NYSE:JPM) by 67.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,727 shares of the financial services provider’s stock after purchasing an additional 697 shares during the period. NewSquare Capital LLC’s holdings in JPMorgan Chase were worth $185,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new position in JPMorgan Chase in the third quarter valued at about $102,000. Welch Investments LLC bought a new position in JPMorgan Chase in the third quarter valued at about $103,000. Legacy Advisors LLC bought a new position in JPMorgan Chase in the third quarter valued at about $106,000. Cerebellum GP LLC bought a new position in JPMorgan Chase in the fourth quarter valued at about $119,000. Finally, Lipe & Dalton bought a new position in JPMorgan Chase in the third quarter valued at about $143,000. Institutional investors own 74.49% of the company’s stock.

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JPMorgan Chase stock opened at $109.32 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $378,236.19, a P/E ratio of 15.91, a P/E/G ratio of 1.86 and a beta of 1.24. JPMorgan Chase has a one year low of $81.64 and a one year 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 the Zacks’ consensus estimate of $2.28 by $0.09. The company 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 quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.65 earnings per share. equities analysts predict that JPMorgan Chase will post 8.9 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 6th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Thursday, April 5th. JPMorgan Chase’s dividend payout ratio is currently 32.61%.

JPM has been the topic of a number of recent analyst reports. Buckingham Research upgraded JPMorgan Chase from a “neutral” rating to a “buy” rating in a research report on Thursday, December 21st. Wells Fargo set a $120.00 target price on JPMorgan Chase and gave the company a “buy” rating in a research report on Wednesday, December 20th. Credit Suisse Group upgraded JPMorgan Chase to a “buy” rating and set a $120.00 target price on the stock in a research report on Friday, January 5th. Vining Sparks reiterated a “buy” rating and issued a $120.00 target price on shares of JPMorgan Chase in a research report on Friday, January 12th. Finally, Argus lifted their target price on JPMorgan Chase from $109.00 to $125.00 and gave the company a “buy” rating in a research 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 assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $112.10.

In related news, insider Peter Scher sold 26,532 shares of JPMorgan Chase stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $113.42, for a total value of $3,009,259.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mellody L. Hobson acquired 18,000 shares of the business’s 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. Following the completion of the purchase, the director now owns 864 shares of the company’s stock, valued at $95,947.20. The disclosure for this purchase can be found here. 0.73% of the stock is owned by 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.

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

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