Tarbox Family Office Inc. Acquires 634 Shares of JPMorgan Chase (JPM)

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 & Exchange Commission. The firm owned 2,224 shares of the financial services provider’s stock after purchasing an additional 634 shares during the period. Tarbox Family Office Inc.’s holdings in JPMorgan Chase were worth $238,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of JPM. Kohmann Bosshard Financial Services LLC purchased a new position in JPMorgan Chase during the third quarter valued at $102,000. Welch Investments LLC purchased a new position in shares of JPMorgan Chase in the 3rd quarter worth $103,000. Legacy Advisors LLC purchased a new position in shares of JPMorgan Chase in the 3rd quarter worth $106,000. Cerebellum GP LLC purchased a new position in shares of JPMorgan Chase in the 4th quarter worth $119,000. Finally, Lipe & Dalton purchased a new position in shares of JPMorgan Chase in the 3rd quarter worth $143,000. Institutional investors own 74.53% of the company’s stock.

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Shares of NYSE:JPM traded down $0.67 during trading hours on Wednesday, hitting $109.74. The company’s stock had a trading volume of 3,520,837 shares, compared to its average volume of 16,138,408. JPMorgan Chase has a 52 week low of $81.64 and a 52 week high of $119.33. 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 firm has a market cap of $380,707.22, a P/E ratio of 16.00, a P/E/G ratio of 1.87 and a beta of 1.24.

JPMorgan Chase (NYSE:JPM) last posted its quarterly earnings results 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. JPMorgan Chase had a net margin of 22.53% and a return on equity of 12.60%. The business had revenue of $27.90 billion during the quarter, compared to analyst estimates of $27.73 billion. During the same quarter in the previous year, the business posted $1.65 EPS. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. research analysts predict that JPMorgan Chase will post 8.9 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, April 6th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Thursday, April 5th. JPMorgan Chase’s payout ratio is currently 32.61%.

In other news, Director Mellody L. Hobson acquired 18,000 shares of the business’s stock in a transaction dated Monday, April 16th. The shares were purchased at an average price of $111.05 per share, with a total value of $1,998,900.00. Following the transaction, the director now directly owns 864 shares in the company, valued at $95,947.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.73% of the stock is owned by insiders.

JPM has been the subject of a number of recent research reports. Morgan Stanley lifted their price objective on shares of JPMorgan Chase from $128.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Wells Fargo set a $130.00 price objective on shares of JPMorgan Chase and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Barclays lifted their price objective on shares of JPMorgan Chase from $105.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Zacks Investment Research raised shares of JPMorgan Chase from a “hold” rating to a “buy” rating and set a $129.00 price target for the company in a research note on Monday, March 19th. Finally, Societe Generale cut shares of JPMorgan Chase from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $112.10.

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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.

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

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