Bedel Financial Consulting Inc. Lowers Holdings in JPMorgan Chase & Co. (NYSE:JPM)
Bedel Financial Consulting Inc. trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% during the second quarter, HoldingsChannel.com reports. The fund owned 31,979 shares of the financial services provider’s stock after selling 194 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.6% of Bedel Financial Consulting Inc.’s holdings, making the stock its 7th largest position. Bedel Financial Consulting Inc.’s holdings in JPMorgan Chase & Co. were worth $3,008,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the business. NuWave Investment Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the second quarter worth $30,000. Lion Street Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $37,000. Horan Securities Inc. bought a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $45,000. Sailer Financial LLC bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $50,000. Finally, Efficient Wealth Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $51,000. Hedge funds and other institutional investors own 71.35% of the company’s stock.
In other news, insider Ashley Bacon sold 13,027 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $91.12, for a total transaction of $1,187,020.24. Following the sale, the insider now owns 137,243 shares of the company’s stock, valued at $12,505,582.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Stephen B. Burke purchased 75,000 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were acquired at an average cost of $87.99 per share, for a total transaction of $6,599,250.00. Following the transaction, the director now owns 150,043 shares of the company’s stock, valued at $13,202,283.57. The disclosure for this purchase can be found here. Company insiders own 0.78% of the company’s stock.
NYSE:JPM traded up $1.10 during mid-day trading on Tuesday, hitting $98.75. The company had a trading volume of 13,335,084 shares, compared to its average volume of 22,049,440. JPMorgan Chase & Co. has a fifty-two week low of $76.91 and a fifty-two week high of $141.10. The business’s fifty day moving average is $98.17 and its two-hundred day moving average is $109.08. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $293.34 billion, a P/E ratio of 11.20, a P/E/G ratio of 3.71 and a beta of 1.19.
JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.38 EPS for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.02). The business had revenue of $32.98 billion for the quarter, compared to analyst estimates of $30.23 billion. JPMorgan Chase & Co. had a return on equity of 12.52% and a net margin of 21.61%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.82 EPS. Equities analysts forecast that JPMorgan Chase & Co. will post 5.19 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Thursday, July 2nd. JPMorgan Chase & Co.’s dividend payout ratio is currently 34.35%.
About JPMorgan Chase & Co.
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.
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