Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.3% during the third quarter, HoldingsChannel.com reports. The fund owned 59,296 shares of the financial services provider’s stock after purchasing an additional 1,318 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in JPMorgan Chase & Co. were worth $5,663,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of JPM. Private Vista LLC purchased a new stake in JPMorgan Chase & Co. during the 2nd quarter worth $102,000. Kohmann Bosshard Financial Services LLC purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter worth $102,000. Atlantic Trust LLC purchased a new stake in JPMorgan Chase & Co. during the 2nd quarter worth $136,000. Northwest Investment Counselors LLC acquired a new position in JPMorgan Chase & Co. during the 2nd quarter worth $165,000. Finally, Capital Advisors Ltd. LLC grew its holdings in JPMorgan Chase & Co. by 53.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock worth $177,000 after acquiring an additional 670 shares in the last quarter. 73.75% of the stock is currently owned by institutional investors and hedge funds.
JPMorgan Chase & Co. (NYSE JPM) opened at $108.34 on Friday. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $110.03. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $375,910.00, a PE ratio of 15.54, a PEG ratio of 2.06 and a beta of 1.22.
JPMorgan Chase & Co. (NYSE:JPM) last posted 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. JPMorgan 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 during the quarter, compared to analyst estimates of $24.91 billion. During the same period in the previous year, the business posted $1.58 EPS. The company’s quarterly revenue was up 2.6% on a year-over-year basis. analysts anticipate that JPMorgan Chase & Co. will post 6.91 earnings per share for the current fiscal year.
The firm also recently declared 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 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 32.14%.
Several research analysts have weighed in on the stock. Credit Suisse Group raised shares of JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price objective for the company in a report on Friday. Barclays raised their price objective on shares of JPMorgan Chase & Co. from $105.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Wells Fargo & Co set a $120.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Wednesday, December 20th. Buckingham Research raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a report on Thursday, December 21st. Finally, Royal Bank of Canada reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Friday, December 8th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $93.63.
In other news, General Counsel Stacey Friedman sold 2,099 shares of JPMorgan Chase & Co. 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 completion of the transaction, the general counsel now directly owns 15,279 shares of the company’s stock, valued at approximately $1,557,846.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.88% of the company’s stock.
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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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