Claybrook Capital LLC cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 96.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,400 shares of the financial services provider’s stock after selling 41,749 shares during the quarter. Claybrook Capital LLC’s holdings in JPMorgan Chase & Co. were worth $229,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in JPM. Cornell Pochily Investment Advisors Inc. increased its stake in JPMorgan Chase & Co. by 0.5% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 12,191 shares of the financial services provider’s stock worth $1,996,000 after acquiring an additional 61 shares during the period. Woodward Diversified Capital LLC increased its stake in JPMorgan Chase & Co. by 0.7% during the 3rd quarter. Woodward Diversified Capital LLC now owns 9,357 shares of the financial services provider’s stock worth $1,532,000 after acquiring an additional 62 shares during the period. Cedar Mountain Advisors LLC increased its stake in JPMorgan Chase & Co. by 19.4% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 388 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 63 shares during the period. Proficio Capital Partners LLC increased its stake in JPMorgan Chase & Co. by 0.6% during the 2nd quarter. Proficio Capital Partners LLC now owns 11,656 shares of the financial services provider’s stock worth $1,813,000 after acquiring an additional 65 shares during the period. Finally, Adams Chetwood Wealth Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1.7% in the 3rd quarter. Adams Chetwood Wealth Management LLC now owns 3,935 shares of the financial services provider’s stock valued at $644,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 69.32% of the company’s stock.
A number of equities research analysts have weighed in on the company. Jefferies Financial Group downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and reduced their target price for the company from $180.00 to $155.00 in a report on Monday. Berenberg Bank set a $125.00 target price on JPMorgan Chase & Co. in a report on Monday, October 18th. Morgan Stanley reduced their target price on JPMorgan Chase & Co. from $184.00 to $170.00 and set an “underweight” rating on the stock in a report on Tuesday, January 18th. Wolfe Research downgraded JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating and set a $185.00 target price on the stock. in a report on Tuesday, January 4th. Finally, Barclays set a $202.00 price objective on JPMorgan Chase & Co. in a report on Friday, January 14th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $173.47.
JPM stock opened at $152.49 on Tuesday. The stock has a 50-day moving average price of $156.51 and a 200-day moving average price of $160.44. JPMorgan Chase & Co. has a 1-year low of $139.57 and a 1-year high of $172.96. The company has a current ratio of 0.83, a quick ratio of 0.86 and a debt-to-equity ratio of 1.16. The firm has a market cap of $450.65 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 2.75 and a beta of 1.13.
JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, January 14th. The financial services provider reported $3.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.98 by $0.35. JPMorgan Chase & Co. had a return on equity of 19.01% and a net margin of 38.00%. The firm had revenue of $29.26 billion during the quarter, compared to analyst estimates of $29.78 billion. During the same period last year, the company posted $3.79 EPS. The business’s quarterly revenue was down .3% on a year-over-year basis. On average, analysts forecast that JPMorgan Chase & Co. will post 11.11 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, January 31st. Investors of record on Thursday, January 6th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend was Wednesday, January 5th. JPMorgan Chase & Co.’s payout ratio is 26.06%.
JPMorgan Chase & Co. Profile
JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.
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