J P Morgan Chase & Co (JPM) Shares Bought by HM Capital Management LLC
HM Capital Management LLC boosted its stake in J P Morgan Chase & Co (NYSE:JPM) by 5.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,724 shares of the financial services provider’s stock after purchasing an additional 864 shares during the quarter. J P Morgan Chase & Co comprises about 1.4% of HM Capital Management LLC’s holdings, making the stock its 9th biggest position. HM Capital Management LLC’s holdings in J P Morgan Chase & Co were worth $1,529,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. Pacific Center for Financial Services grew its holdings in J P Morgan Chase & Co by 14.5% in the first quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 177 shares during the period. Horrell Capital Management Inc. grew its holdings 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 worth $145,000 after purchasing an additional 78 shares during the period. Ullmann Financial Group Inc. acquired a new stake in J P Morgan Chase & Co in the first quarter worth $148,000. Northwest Investment Counselors LLC acquired a new stake in J P Morgan Chase & Co in the second quarter worth $165,000. Finally, Pecaut & CO. acquired a new stake in J P Morgan Chase & Co in the second quarter worth $201,000. Institutional investors and hedge funds own 77.90% of the company’s stock.
J P Morgan Chase & Co (JPM) traded down 0.24% during trading on Friday, hitting $94.80. 3,804,530 shares of the stock traded hands. J P Morgan Chase & Co has a 52-week low of $65.11 and a 52-week high of $95.22. The company has a market cap of $333.55 billion, a P/E ratio of 13.98 and a beta of 1.19. The firm has a 50-day moving average price of $91.64 and a 200 day moving average price of $89.00.
J P Morgan Chase & Co (NYSE:JPM) last issued its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $25.50 billion for the quarter, compared to analysts’ expectations of $24.38 billion. During the same quarter in the prior year, the business earned $1.55 EPS. The business’s quarterly revenue was up 4.6% on a year-over-year basis. On average, equities analysts expect that J P Morgan Chase & Co will post $6.81 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, October 5th. This is a boost from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. J P Morgan Chase & Co’s dividend payout ratio is 29.59%.
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A number of equities research analysts have commented on the stock. Keefe, Bruyette & Woods restated a “hold” rating and issued a $92.00 price target on shares of J P Morgan Chase & Co in a report on Wednesday, June 7th. Robert W. Baird restated a “hold” rating and issued a $88.00 price target on shares of J P Morgan Chase & Co in a report on Thursday. Credit Suisse Group raised their price objective on shares of J P Morgan Chase & Co from $102.00 to $103.00 and gave the company an “outperform” rating in a research note on Friday, July 14th. Zacks Investment Research raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Tuesday, July 18th. Finally, BidaskClub lowered shares of J P Morgan Chase & Co from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eighteen have given a buy rating to the company’s stock. J P Morgan Chase & Co presently has a consensus rating of “Hold” and an average target price of $86.36.
In related news, insider Nicole Giles sold 1,000 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 3,783 shares of the company’s stock, valued at approximately $345,350.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Marianne Lake sold 17,596 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $91.58, for a total transaction of $1,611,441.68. The disclosure for this sale can be found here. Insiders sold a total of 28,564 shares of company stock worth $2,605,334 in the last quarter. Company insiders own 0.88% 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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