Golub Group LLC Invests $334,000 in JPMorgan Chase & Co. (JPM)
Golub Group LLC bought a new stake in JPMorgan Chase & Co. (NYSE:JPM) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,496 shares of the financial services provider’s stock, valued at approximately $334,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Private Vista LLC purchased a new position in shares of JPMorgan Chase & Co. in the second quarter valued at $102,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of JPMorgan Chase & Co. in the third quarter valued at $102,000. Legacy Advisors LLC purchased a new position in JPMorgan Chase & Co. during the third quarter worth about $106,000. Atlantic Trust LLC purchased a new position in JPMorgan Chase & Co. during the second quarter worth about $136,000. Finally, Northwest Investment Counselors LLC purchased a new position in JPMorgan Chase & Co. during the second quarter worth about $165,000. Hedge funds and other institutional investors own 73.78% of the company’s stock.
In other news, General Counsel Stacey Friedman sold 17,729 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $112.33, for a total value of $1,991,498.57. Following the completion of the sale, the general counsel now owns 21,260 shares of the company’s stock, valued at approximately $2,388,135.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ashley Bacon sold 16,434 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $112.22, for a total value of $1,844,223.48. Following the completion of the sale, the insider now directly owns 98,811 shares of the company’s stock, valued at approximately $11,088,570.42. The disclosure for this sale can be found here. Insiders sold a total of 154,146 shares of company stock valued at $17,312,129 over the last quarter. Company insiders own 0.88% of the company’s stock.
JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The firm had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. During the same period in the prior year, the business earned $1.71 EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. research analysts anticipate that JPMorgan Chase & Co. will post 8.78 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is currently 32.37%.
JPM has been the subject of several recent analyst reports. Bank of America set a $102.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, October 13th. Credit Suisse Group restated a “buy” rating and set a $110.00 target price (up from $103.00) on shares of JPMorgan Chase & Co. in a research report on Monday, October 9th. They noted that the move was a valuation call. Jefferies Group set a $111.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, October 13th. Royal Bank of Canada restated a “buy” rating and set a $105.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, November 15th. Finally, Wells Fargo & Co set a $120.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $105.81.
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JPMorgan Chase & Co. 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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