J P Morgan Chase & Co (NYSE:JPM) Shares Bought by Flagship Harbor Advisors LLC
Flagship Harbor Advisors LLC raised its stake in J P Morgan Chase & Co (NYSE:JPM) by 48.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,848 shares of the financial services provider’s stock after buying an additional 7,818 shares during the period. Flagship Harbor Advisors LLC’s holdings in J P Morgan Chase & Co were worth $2,059,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pacific Center for Financial Services acquired a new position in J P Morgan Chase & Co during the fourth quarter valued at about $106,000. Thomas J. Herzfeld Advisors Inc. acquired a new position in J P Morgan Chase & Co during the fourth quarter valued at about $125,000. Glacier Peak Capital LLC acquired a new position in J P Morgan Chase & Co during the fourth quarter valued at about $129,000. Tortoise Investment Management LLC boosted its position in J P Morgan Chase & Co by 434.9% in the fourth quarter. Tortoise Investment Management LLC now owns 1,578 shares of the financial services provider’s stock valued at $136,000 after buying an additional 1,283 shares during the last quarter. Finally, Horrell Capital Management Inc. boosted its position in J P Morgan Chase & Co by 5.0% in the first quarter. Horrell Capital Management Inc. now owns 1,647 shares of the financial services provider’s stock valued at $145,000 after buying an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.
J P Morgan Chase & Co (NYSE JPM) traded down 0.84% during trading on Friday, hitting $91.42. The stock had a trading volume of 10,679,534 shares. The company has a 50 day moving average of $91.87 and a 200-day moving average of $88.50. The company has a market cap of $321.66 billion, a P/E ratio of 13.49 and a beta of 1.19. J P Morgan Chase & Co has a 12-month low of $65.11 and a 12-month high of $95.22.
J P Morgan Chase & Co (NYSE:JPM) last issued 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 return on equity of 11.53% and a net margin of 24.13%. The firm had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. During the same quarter in the previous year, the company posted $1.55 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, equities analysts predict that J P Morgan Chase & Co will post $6.81 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Thursday, July 6th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, July 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 2.19%. J P Morgan Chase & Co’s dividend payout ratio (DPR) is currently 29.59%.
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JPM has been the subject of several research analyst reports. Vetr cut J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $99.01 price objective for the company. in a research report on Wednesday, April 26th. Guggenheim upgraded J P Morgan Chase & Co from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $88.25 to $96.00 in a research report on Tuesday, April 25th. Keefe, Bruyette & Woods increased their price objective on J P Morgan Chase & Co to $47.00 and gave the stock a “buy” rating in a research report on Monday, April 17th. UBS AG reiterated a “buy” rating and issued a $101.00 price objective on shares of J P Morgan Chase & Co in a research report on Monday, May 15th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of J P Morgan Chase & Co in a research report on Monday, July 3rd. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $85.53.
In other J P Morgan Chase & Co news, CFO Marianne Lake sold 17,596 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $91.58, for a total value of $1,611,441.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Nicole Giles sold 1,000 shares of the business’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total value of $91,290.00. Following the completion of the transaction, the insider now owns 3,783 shares in the company, valued at approximately $345,350.07. The disclosure for this sale can be found here. Insiders own 0.85% of the company’s stock.
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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