Morse Asset Management Inc lifted its position in shares of JPMorgan Chase (NYSE:JPM) by 22.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,445 shares of the financial services provider’s stock after purchasing an additional 1,000 shares during the period. Morse Asset Management Inc’s holdings in JPMorgan Chase were worth $582,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Jackson Grant Investment Advisers Inc. raised its position in JPMorgan Chase by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock worth $301,000 after acquiring an additional 12 shares during the period. Sunbelt Securities Inc. raised its position in JPMorgan Chase by 0.5% in the second quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock worth $469,000 after acquiring an additional 26 shares during the period. Cutter & CO Brokerage Inc. raised its position in JPMorgan Chase by 0.7% in the second quarter. Cutter & CO Brokerage Inc. now owns 7,050 shares of the financial services provider’s stock worth $644,000 after acquiring an additional 50 shares during the period. Marcus Capital LLC raised its position in JPMorgan Chase by 1.0% in the second quarter. Marcus Capital LLC now owns 5,250 shares of the financial services provider’s stock worth $480,000 after acquiring an additional 50 shares during the period. Finally, Neumann Capital Management LLC raised its position in JPMorgan Chase by 0.4% in the second quarter. Neumann Capital Management LLC now owns 21,811 shares of the financial services provider’s stock worth $1,994,000 after acquiring an additional 80 shares during the period. 74.49% of the stock is currently owned by institutional investors.
Several analysts have commented on the stock. Keefe, Bruyette & Woods raised shares of JPMorgan Chase from a “market perform” rating to an “outperform” rating and set a $127.00 price objective on the stock in a research report on Tuesday, February 13th. ValuEngine raised shares of JPMorgan Chase from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Vining Sparks reaffirmed a “buy” rating and issued a $120.00 price objective on shares of JPMorgan Chase in a research report on Friday, January 12th. Vetr raised shares of JPMorgan Chase from a “sell” rating to a “hold” rating and set a $105.98 price objective on the stock in a research report on Monday, February 12th. Finally, Jefferies Group reiterated a “buy” rating and issued a $122.00 target price on shares of JPMorgan Chase in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. JPMorgan Chase currently has an average rating of “Hold” and an average price target of $112.10.
Shares of NYSE:JPM opened at $111.72 on Friday. The company has a market cap of $378,236.19, a P/E ratio of 16.26, a PEG ratio of 1.85 and a beta of 1.24. JPMorgan Chase has a 12 month low of $81.64 and a 12 month high of $119.33. 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 (NYSE:JPM) last issued its quarterly earnings data 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. The company had revenue of $27.90 billion during the quarter, compared to analysts’ expectations of $27.73 billion. JPMorgan Chase had a net margin of 22.53% and a return on equity of 12.60%. JPMorgan Chase’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.65 earnings per share. equities research analysts anticipate that JPMorgan Chase will post 8.92 earnings per share for the current year.
The company 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 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 2.01%. JPMorgan Chase’s dividend payout ratio is currently 32.61%.
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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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