Teton Advisors Inc. Has $211,000 Stake in JPMorgan Chase & Co. (JPM)
Teton Advisors Inc. maintained its position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the second quarter, Holdings Channel reports. The firm owned 3,400 shares of the financial services provider’s stock at the end of the second quarter. Teton Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $211,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Acrospire Investment Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $107,000. Vigilant Capital Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 22.1% in the second quarter. Vigilant Capital Management LLC now owns 2,079 shares of the financial services provider’s stock worth $129,000 after buying an additional 376 shares during the period. Perkins Coie Trust Co boosted its stake in shares of JPMorgan Chase & Co. by 10.2% in the second quarter. Perkins Coie Trust Co now owns 2,163 shares of the financial services provider’s stock worth $134,000 after buying an additional 200 shares during the period. Physicians Financial Services Inc. boosted its stake in shares of JPMorgan Chase & Co. by 12.2% in the second quarter. Physicians Financial Services Inc. now owns 2,432 shares of the financial services provider’s stock worth $151,000 after buying an additional 265 shares during the period. Finally, Barnett & Company Inc. bought a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $156,000. Institutional investors and hedge funds own 73.34% of the company’s stock.
Shares of JPMorgan Chase & Co. (NYSE:JPM) traded up 0.82% on Thursday, hitting $67.39. The stock had a trading volume of 12,766,333 shares. JPMorgan Chase & Co. has a 52 week low of $52.50 and a 52 week high of $69.03. The company has a 50-day moving average of $66.27 and a 200 day moving average of $63.13. The company has a market capitalization of $243.38 billion, a price-to-earnings ratio of 11.42 and a beta of 1.65.
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Thursday, July 14th. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.12. The company had revenue of $24.40 billion for the quarter, compared to the consensus estimate of $23.84 billion. JPMorgan Chase & Co. had a return on equity of 10.20% and a net margin of 24.47%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.54 EPS. On average, equities research analysts predict that JPMorgan Chase & Co. will post $5.65 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Thursday, October 6th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Tuesday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is 32.54%.
A number of brokerages have weighed in on JPM. Vetr upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $68.05 price target on the stock in a research report on Tuesday, August 16th. Jefferies Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Sunday, July 17th. Societe Generale restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Monday, June 6th. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, September 13th. Finally, Macquarie cut JPMorgan Chase & Co. from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $72.00 to $70.00 in a report on Friday, September 9th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-one have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $71.34.
In other news, COO Matthew E. Zames sold 3,991 shares of the business’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $63.91, for a total value of $255,064.81. Following the transaction, the chief operating officer now directly owns 282,287 shares of the company’s stock, valued at approximately $18,040,962.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gordon Smith sold 23,735 shares of the business’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $64.05, for a total value of $1,520,226.75. Following the completion of the transaction, the executive vice president now directly owns 152,462 shares in the company, valued at $9,765,191.10. The disclosure for this sale can be found here. 0.85% of the stock is owned by insiders.
About JPMorgan 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.
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