IMS Capital Management Has $476,000 Stake in J P Morgan Chase & Co (JPM)
IMS Capital Management lifted its holdings in shares of J P Morgan Chase & Co (NYSE:JPM) by 68.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,209 shares of the financial services provider’s stock after buying an additional 2,109 shares during the quarter. IMS Capital Management’s holdings in J P Morgan Chase & Co were worth $476,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Rothschild Capital Partners LLC grew its holdings in J P Morgan Chase & Co by 0.5% during the first quarter. Rothschild Capital Partners LLC now owns 120,841 shares of the financial services provider’s stock valued at $10,615,000 after purchasing an additional 592 shares during the period. Hennessy Advisors Inc. grew its holdings in J P Morgan Chase & Co by 6.3% during the first quarter. Hennessy Advisors Inc. now owns 17,000 shares of the financial services provider’s stock valued at $1,493,000 after purchasing an additional 1,000 shares during the period. LaFleur & Godfrey LLC acquired a new position in J P Morgan Chase & Co during the first quarter valued at approximately $11,107,000. Verity & Verity LLC grew its holdings in J P Morgan Chase & Co by 2.0% during the first quarter. Verity & Verity LLC now owns 98,169 shares of the financial services provider’s stock valued at $8,624,000 after purchasing an additional 1,972 shares during the period. Finally, Swedbank grew its holdings in J P Morgan Chase & Co by 19.0% during the first quarter. Swedbank now owns 5,261,038 shares of the financial services provider’s stock valued at $462,130,000 after purchasing an additional 840,518 shares during the period. Institutional investors own 78.59% of the company’s stock.
In related news, General Counsel Stacey Friedman sold 2,099 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the transaction, the general counsel now directly owns 15,279 shares in the company, valued at $1,557,846.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.88% of the company’s stock.
J P Morgan Chase & Co (NYSE JPM) opened at $98.64 on Thursday. J P Morgan Chase & Co has a fifty-two week low of $77.89 and a fifty-two week high of $102.42. The company has a market cap of $343,259.97, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 2.15 and a beta of 1.22. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03.
J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.09. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The business had revenue of $25.33 billion for the quarter, compared to the consensus estimate of $24.91 billion. During the same period in the prior year, the company posted $1.58 earnings per share. J P Morgan Chase & Co’s revenue was up 2.6% compared to the same quarter last year. equities research analysts predict that J P Morgan Chase & Co will post 6.91 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were paid a $0.56 dividend. The ex-dividend date was Thursday, October 5th. This is an increase from J P Morgan Chase & Co’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a dividend yield of 2.27%. J P Morgan Chase & Co’s dividend payout ratio is 32.28%.
JPM has been the subject of several research analyst reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $105.00 price target on shares of J P Morgan Chase & Co in a report on Wednesday, November 15th. Deutsche Bank AG cut shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating and upped their price target for the company from $90.00 to $96.00 in a report on Tuesday, September 26th. Keefe, Bruyette & Woods set a $96.00 price target on shares of J P Morgan Chase & Co and gave the company a “hold” rating in a report on Saturday, August 19th. Berenberg Bank set a $65.00 price target on shares of J P Morgan Chase & Co and gave the company a “sell” rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research cut shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $92.18.
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J P Morgan 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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