Today The J P Morgan Chase & Co (JPM) Stake Boosted by Rand Wealth LLC

Today The J P Morgan Chase & Co (JPM) Stake Boosted by Rand Wealth LLC

Rand Wealth LLC boosted its position in J P Morgan Chase & Co (NYSE:JPM) by 3.1% during the third quarter, Holdings Channel reports. The institutional investor owned 138,349 shares of the financial services provider’s stock after buying an additional 4,184 shares during the period. J P Morgan Chase & Co makes up about 1.2% of Rand Wealth LLC’s investment portfolio, making the stock its 23rd largest position. Rand Wealth LLC’s holdings in J P Morgan Chase & Co were worth $9,213,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in JPM. Sit Investment Associates Inc. boosted its position in J P Morgan Chase & Co by 10.0% in the third quarter. Sit Investment Associates Inc. now owns 664,070 shares of the financial services provider’s stock worth $44,220,000 after buying an additional 60,170 shares in the last quarter. Woodstock Corp boosted its position in J P Morgan Chase & Co by 1.2% in the third quarter. Woodstock Corp now owns 48,372 shares of the financial services provider’s stock worth $3,221,000 after buying an additional 565 shares in the last quarter. CIBC World Markets Inc. boosted its position in J P Morgan Chase & Co by 4.6% in the second quarter. CIBC World Markets Inc. now owns 602,402 shares of the financial services provider’s stock worth $37,433,000 after buying an additional 26,543 shares in the last quarter. Lourd Capital LLC boosted its position in J P Morgan Chase & Co by 15.0% in the second quarter. Lourd Capital LLC now owns 10,661 shares of the financial services provider’s stock worth $662,000 after buying an additional 1,389 shares in the last quarter. Finally, Murphy Capital Management Inc. boosted its position in J P Morgan Chase & Co by 1.7% in the third quarter. Murphy Capital Management Inc. now owns 101,103 shares of the financial services provider’s stock worth $6,732,000 after buying an additional 1,652 shares in the last quarter. 73.55% of the stock is owned by hedge funds and other institutional investors.

J P Morgan Chase & Co (NYSE:JPM) traded up 1.33% during trading on Wednesday, reaching $85.85. 9,813,375 shares of the company’s stock traded hands. J P Morgan Chase & Co has a one year low of $52.50 and a one year high of $88.17. The stock has a market cap of $306.54 billion, a P/E ratio of 13.87 and a beta of 1.54. The firm’s 50 day moving average price is $85.57 and its 200-day moving average price is $72.67.

J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings data on Friday, January 13th. The financial services provider reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.29. The business earned $24.30 billion during the quarter, compared to the consensus estimate of $23.48 billion. J P Morgan Chase & Co had a net margin of 23.45% and a return on equity of 10.91%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.68 EPS. On average, equities analysts anticipate that J P Morgan Chase & Co will post $6.54 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 6th will be issued a $0.48 dividend. The ex-dividend date is Wednesday, January 4th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.27%. J P Morgan Chase & Co’s payout ratio is 31.02%.

Several equities research analysts have issued reports on JPM shares. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of J P Morgan Chase & Co in a research report on Tuesday, September 27th. Vetr raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $70.76 price objective for the company in a research report on Monday, October 17th. Deutsche Bank AG reissued a “buy” rating on shares of J P Morgan Chase & Co in a research report on Friday, December 23rd. Nomura reissued a “hold” rating and issued a $65.00 price objective on shares of J P Morgan Chase & Co in a research report on Thursday, September 29th. Finally, Jefferies Group LLC boosted their price objective on shares of J P Morgan Chase & Co from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Monday, October 10th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eighteen have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $76.96.

In other news, CEO Douglas B. Petno sold 21,532 shares of J P Morgan Chase & Co stock in a transaction on Wednesday, January 18th. The shares were sold at an average price of $83.67, for a total value of $1,801,582.44. Following the transaction, the chief executive officer now directly owns 86,338 shares of the company’s stock, valued at approximately $7,223,900.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gordon Smith sold 65,865 shares of J P Morgan Chase & Co stock in a transaction on Wednesday, January 18th. The shares were sold at an average price of $83.67, for a total transaction of $5,510,924.55. Following the completion of the transaction, the insider now directly owns 237,466 shares in the company, valued at $19,868,780.22. The disclosure for this sale can be found here. Insiders sold a total of 202,699 shares of company stock worth $17,009,515 over the last ninety days. Corporate insiders own 0.85% of the company’s stock.

About J P Morgan Chase & Co

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

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

Related posts

Leave a Comment