J P Morgan Chase & Co (JPM) Stake Maintained by Giverny Capital Inc.
Giverny Capital Inc. maintained its position in J P Morgan Chase & Co (NYSE:JPM) during the first quarter, Holdings Channel reports. The firm owned 12,379 shares of the financial services provider’s stock at the end of the first quarter. J P Morgan Chase & Co accounts for approximately 0.2% of Giverny Capital Inc.’s holdings, making the stock its 18th largest position. Giverny Capital Inc.’s holdings in J P Morgan Chase & Co were worth $1,087,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in JPM. Glassman Wealth Services raised its position in J P Morgan Chase & Co by 14.1% in the fourth quarter. Glassman Wealth Services now owns 3,486 shares of the financial services provider’s stock valued at $301,000 after buying an additional 431 shares in the last quarter. Moloney Securities Asset Management LLC purchased a new position in J P Morgan Chase & Co during the fourth quarter valued at approximately $450,000. Polaris Capital Management LLC raised its position in J P Morgan Chase & Co by 25.6% in the fourth quarter. Polaris Capital Management LLC now owns 435,800 shares of the financial services provider’s stock valued at $37,605,000 after buying an additional 88,700 shares in the last quarter. Fiera Capital Corp raised its position in J P Morgan Chase & Co by 23.6% in the fourth quarter. Fiera Capital Corp now owns 465,425 shares of the financial services provider’s stock valued at $40,162,000 after buying an additional 88,723 shares in the last quarter. Finally, Girard Securities Inc. purchased a new position in J P Morgan Chase & Co during the fourth quarter valued at approximately $276,000. Institutional investors and hedge funds own 74.06% of the company’s stock.
J P Morgan Chase & Co (NYSE:JPM) opened at 94.02 on Tuesday. J P Morgan Chase & Co has a one year low of $63.65 and a one year high of $94.51. The firm has a market cap of $330.86 billion, a P/E ratio of 13.87 and a beta of 1.19. The stock has a 50 day moving average price of $90.52 and a 200-day moving average price of $88.06.
J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.23. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The business had revenue of $25.50 billion for the quarter, compared to analysts’ expectations of $24.38 billion. During the same quarter in the previous year, the business posted $1.55 EPS. J P Morgan Chase & Co’s revenue for the quarter was up 4.6% on a year-over-year basis. Analysts predict that J P Morgan Chase & Co will post $6.81 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Thursday, July 6th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Monday, July 3rd. J P Morgan Chase & Co’s dividend payout ratio (DPR) is presently 29.59%.
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Several research firms have recently commented on JPM. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $93.00 price target on shares of J P Morgan Chase & Co in a research report on Thursday, July 6th. Buckingham Research reaffirmed a “neutral” rating and issued a $100.00 price objective (up previously from $94.00) on shares of J P Morgan Chase & Co in a report on Monday, July 10th. Berenberg Bank set a $65.00 price objective on shares of J P Morgan Chase & Co and gave the stock a “sell” rating in a report on Thursday, August 3rd. Deutsche Bank AG reaffirmed a “buy” rating on shares of J P Morgan Chase & Co in a report on Monday, July 3rd. Finally, BidaskClub raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $84.71.
In other news, insider Nicole Giles sold 1,000 shares of J P Morgan Chase & Co stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total transaction of $91,290.00. Following the transaction, the insider now owns 3,783 shares in the company, valued at approximately $345,350.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ashley Bacon sold 6,514 shares of J P Morgan Chase & Co stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $87.21, for a total value of $568,085.94. Following the transaction, the insider now owns 47,384 shares in the company, valued at approximately $4,132,358.64. The disclosure for this sale can be found here. Insiders have sold a total of 25,110 shares of company stock worth $2,270,818 in the last quarter. 0.85% of the stock is currently owned by company insiders.
J P Morgan Chase & Co Company Profile
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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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