Keel Point LLC Boosts Position in J P Morgan Chase & Co (JPM)
Keel Point LLC boosted its position in shares of J P Morgan Chase & Co (NYSE:JPM) by 1.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,365 shares of the financial services provider’s stock after buying an additional 36 shares during the period. Keel Point LLC’s holdings in J P Morgan Chase & Co were worth $296,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Shepherd Financial Partners LLC purchased a new stake in J P Morgan Chase & Co during the fourth quarter worth approximately $3,128,000. CHURCHILL MANAGEMENT Corp bought a new stake in J P Morgan Chase & Co during the first quarter valued at about $1,367,000. Michael & Susan Dell Foundation bought a new stake in J P Morgan Chase & Co during the fourth quarter valued at about $42,343,000. Guggenheim Capital LLC raised its stake in J P Morgan Chase & Co by 5.9% in the fourth quarter. Guggenheim Capital LLC now owns 1,234,560 shares of the financial services provider’s stock valued at $106,530,000 after buying an additional 68,720 shares in the last quarter. Finally, Israel Discount Bank of New York GFN bought a new stake in J P Morgan Chase & Co during the fourth quarter valued at about $1,857,000. Institutional investors own 74.06% of the company’s stock.
Shares of J P Morgan Chase & Co (JPM) traded down 0.13% during trading on Friday, reaching $92.07. The company had a trading volume of 3,168,961 shares. J P Morgan Chase & Co has a 1-year low of $64.86 and a 1-year high of $95.22. The firm has a 50-day moving average of $91.75 and a 200 day moving average of $88.44. The firm has a market capitalization of $323.95 billion, a PE ratio of 13.58 and a beta of 1.19.
J P Morgan Chase & Co (NYSE:JPM) last announced its earnings results on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.23. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The business had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. During the same period in the prior year, the company earned $1.55 earnings per share. The business’s revenue was up 4.6% compared to the same quarter last year. Analysts expect that J P Morgan Chase & Co will post $6.81 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Thursday, July 6th were issued a $0.50 dividend. The ex-dividend date was Monday, July 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.17%. J P Morgan Chase & Co’s payout ratio is 29.59%.
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Several analysts have issued reports on the company. Wells Fargo & Company assumed coverage on J P Morgan Chase & Co in a report on Wednesday. They set an “outperform” rating and a $110.00 price target for the company. Berenberg Bank set a $65.00 price target on J P Morgan Chase & Co and gave the company a “sell” rating in a report on Thursday, August 3rd. BidaskClub lowered J P Morgan Chase & Co from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a report on Monday, July 31st. Finally, Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of J P Morgan Chase & Co in a report on Friday, July 21st. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty have issued a buy rating to the company’s stock. J P Morgan Chase & Co presently has a consensus rating of “Hold” and an average price target of $85.53.
In other news, CFO Marianne Lake sold 17,596 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $91.58, for a total value of $1,611,441.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nicole Giles sold 1,000 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total transaction of $91,290.00. Following the completion of the sale, the insider now directly owns 3,783 shares of the company’s stock, valued at $345,350.07. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by corporate insiders.
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 offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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