Stiles Financial Services Inc Boosts Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Stiles Financial Services Inc lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.2% in the third quarter, Holdings Channel reports. The fund owned 6,960 shares of the financial services provider’s stock after purchasing an additional 215 shares during the quarter. Stiles Financial Services Inc’s holdings in JPMorgan Chase & Co. were worth $1,009,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cantor Fitzgerald Investment Advisor L.P lifted its holdings in shares of JPMorgan Chase & Co. by 81.1% in the 1st 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 during the last quarter. BCK Partners Inc. purchased a new stake in JPMorgan Chase & Co. in the 1st quarter worth about $2,455,000. LSV Asset Management lifted its stake in JPMorgan Chase & Co. by 35.6% in the first 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 during the last quarter. Wsfs Capital Management LLC boosted its position in shares of JPMorgan Chase & Co. by 70.8% during the first quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock valued at $575,000 after buying an additional 1,749 shares during the period. Finally, Lumature Wealth Partners LLC grew its stake in shares of JPMorgan Chase & Co. by 1,451.4% during 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 during the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Insider Activity

In other news, CEO Marianne Lake sold 32,243 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $160.00, for a total value of $5,158,880.00. Following the completion of the transaction, the chief executive officer now owns 131,962 shares of the company’s stock, valued at approximately $21,113,920. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Vice Chairman Peter Scher sold 1,812 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total transaction of $301,969.80. Following the completion of the transaction, the insider now directly owns 46,766 shares of the company’s stock, valued at approximately $7,793,553.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Marianne Lake sold 32,243 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $160.00, for a total transaction of $5,158,880.00. Following the sale, the chief executive officer now directly owns 131,962 shares in the company, valued at $21,113,920. The disclosure for this sale can be found here. Insiders have sold 39,072 shares of company stock valued at $6,297,103 in the last ninety days. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.1 %

Shares of JPM stock opened at $174.96 on Friday. The stock’s fifty day moving average price is $168.65 and its 200 day moving average price is $155.31. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.91 and a quick ratio of 0.90. JPMorgan Chase & Co. has a 1-year low of $123.11 and a 1-year high of $178.30. The company has a market cap of $503.30 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 2.21 and a beta of 1.14.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $3.04 earnings per share for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The company had revenue of $38.57 billion for the quarter, compared to analysts’ expectations of $39.73 billion. During the same period last year, the firm earned $3.57 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, research analysts expect that JPMorgan Chase & Co. will post 15.87 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Thursday, January 4th were issued a $1.05 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $4.20 annualized dividend and a yield of 2.40%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.89%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on JPM shares. Morgan Stanley raised their price target on JPMorgan Chase & Co. from $191.00 to $221.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Bank of America boosted their target price on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Barclays raised their price target on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Odeon Capital Group cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price objective for the company. in a research report on Thursday, November 2nd. Finally, Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their target price for the stock from $140.00 to $190.00 in a research report on Tuesday, January 9th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $179.11.

Get Our Latest Report on JPMorgan Chase & Co.

JPMorgan Chase & Co. Company Profile

(Free Report)

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 deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.

See Also

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMFree Report).

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

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