Whitener Capital Management Inc. Acquires 602 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Whitener Capital Management Inc. increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 77,044 shares of the financial services provider’s stock after buying an additional 602 shares during the quarter. JPMorgan Chase & Co. comprises approximately 3.8% of Whitener Capital Management Inc.’s portfolio, making the stock its 6th largest holding. Whitener Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $8,052,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in JPM. Cantor Fitzgerald Investment Advisor L.P raised its stake in JPMorgan Chase & Co. by 81.1% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock worth $30,321,000 after acquiring an additional 99,636 shares in the last quarter. BCK Partners Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth about $2,455,000. LSV Asset Management increased its position in shares of JPMorgan Chase & Co. by 35.6% during the 1st quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock worth $5,085,000 after purchasing an additional 9,800 shares in the last quarter. Wsfs Capital Management LLC lifted its holdings in JPMorgan Chase & Co. by 70.8% during the 1st quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock valued at $575,000 after purchasing an additional 1,749 shares during the last quarter. Finally, Lumature Wealth Partners LLC boosted its position in JPMorgan Chase & Co. by 1,451.4% in the first quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after buying an additional 3,527 shares in the last quarter. 67.89% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on JPM. The Goldman Sachs Group cut their target price on shares of JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, October 4th. Credit Suisse Group set a $150.00 price objective on JPMorgan Chase & Co. in a research report on Friday, January 6th. Oppenheimer decreased their target price on JPMorgan Chase & Co. from $174.00 to $169.00 and set an “outperform” rating on the stock in a report on Wednesday, December 28th. StockNews.com began coverage on JPMorgan Chase & Co. in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Morgan Stanley upgraded shares of JPMorgan Chase & Co. from an “underweight” rating to an “overweight” rating and upped their price target for the stock from $126.00 to $153.00 in a research report on Tuesday, December 6th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average price target of $145.17.

JPMorgan Chase & Co. Stock Up 2.5 %

Shares of JPMorgan Chase & Co. stock opened at $143.01 on Tuesday. The business has a fifty day simple moving average of $134.29 and a 200 day simple moving average of $122.13. The stock has a market cap of $419.48 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 2.23 and a beta of 1.13. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $161.03.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.14 by $0.43. The company had revenue of $34.55 billion during the quarter, compared to analyst estimates of $34.23 billion. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.33 EPS. Research analysts predict that JPMorgan Chase & Co. will post 12.81 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 6th will be issued a $1.00 dividend. The ex-dividend date is Thursday, January 5th. This represents a $4.00 annualized dividend and a yield of 2.80%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 33.11%.

Insider Transactions at JPMorgan Chase & Co.

In related news, CEO Douglas B. Petno sold 5,139 shares of the firm’s stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total transaction of $642,477.78. Following the sale, the chief executive officer now owns 248,011 shares of the company’s stock, valued at approximately $31,006,335.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Robin Leopold sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $125.07, for a total value of $250,140.00. Following the completion of the transaction, the insider now owns 19,031 shares in the company, valued at $2,380,207.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas B. Petno sold 5,139 shares of the stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total transaction of $642,477.78. Following the sale, the chief executive officer now directly owns 248,011 shares of the company’s stock, valued at approximately $31,006,335.22. The disclosure for this sale can be found here. Insiders have sold a total of 8,449 shares of company stock valued at $1,056,394 over the last three months. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Company Profile

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

Further Reading

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

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