Weiss Multi Strategy Advisers LLC Invests $414,000 in J P Morgan Chase & Co (JPM)
Weiss Multi Strategy Advisers LLC bought a new position in shares of J P Morgan Chase & Co (NYSE:JPM) during the first quarter, Holdings Channel reports. The fund bought 4,713 shares of the financial services provider’s stock, valued at approximately $414,000.
Several other large investors have also made changes to their positions in JPM. Shepherd Financial Partners LLC acquired a new stake in shares of J P Morgan Chase & Co during the fourth quarter worth about $3,128,000. CHURCHILL MANAGEMENT Corp bought a new position in J P Morgan Chase & Co during the first quarter worth approximately $1,367,000. Michael & Susan Dell Foundation bought a new position in J P Morgan Chase & Co during the fourth quarter worth approximately $42,343,000. Guggenheim Capital LLC increased its position in J P Morgan Chase & Co by 5.9% in the fourth quarter. Guggenheim Capital LLC now owns 1,234,560 shares of the financial services provider’s stock worth $106,530,000 after buying an additional 68,720 shares during the period. Finally, Israel Discount Bank of New York GFN bought a new position in J P Morgan Chase & Co during the fourth quarter worth approximately $1,857,000. 74.06% of the stock is owned by institutional investors.
Shares of J P Morgan Chase & Co (NYSE:JPM) traded down 0.84% during mid-day trading on Friday, reaching $91.42. The company had a trading volume of 10,679,534 shares. The firm has a market capitalization of $321.66 billion, a PE 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. The stock has a 50 day moving average price of $91.87 and a 200 day moving average price of $88.50.
J P Morgan Chase & Co (NYSE:JPM) last announced its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.23. The business had revenue of $25.50 billion for the quarter, compared to analysts’ expectations of $24.38 billion. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.55 EPS. On average, equities analysts forecast that J P Morgan Chase & Co will post $6.81 earnings per share for the current year.
The business also recently declared 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 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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A number of research analysts recently commented on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $92.00 price target on shares of J P Morgan Chase & Co in a research note on Wednesday, June 7th. Vetr downgraded J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $97.41 price target for the company. in a research note on Monday, May 15th. UBS AG reaffirmed a “buy” rating and issued a $101.00 price target on shares of J P Morgan Chase & Co in a research note on Monday, May 15th. Guggenheim raised J P Morgan Chase & Co from a “neutral” rating to a “buy” rating and boosted their price target for the company from $88.25 to $96.00 in a research note on Tuesday, April 25th. Finally, Vining Sparks raised J P Morgan Chase & Co to an “outperform” rating and set a $95.00 price target for the company in a research note on Thursday, April 27th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty have assigned a buy rating to the company. The company 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 J P Morgan Chase & Co stock in a transaction that occurred on 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 legal filing with the SEC, which can be accessed through the SEC website. Also, insider Nicole Giles sold 1,000 shares of J P Morgan Chase & Co stock in a transaction that occurred on Tuesday, July 18th. The stock was 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 directly owns 3,783 shares in the company, valued at $345,350.07. The disclosure for this sale can be found here. 0.85% of the stock is owned by insiders.
About J P Morgan Chase & Co
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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