JPM Stock: Gs Investments Inc. Purchases New Position in JPMorgan Chase & Co

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Gs Investments Inc. acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,400 shares of the financial services provider’s stock, valued at approximately $676,000.

Other large investors have also bought and sold shares of the company. Jackson Grant Investment Advisers Inc. raised its holdings in shares of JPMorgan Chase & Co. by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 12 shares during the last quarter. IPG Investment Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 0.3% during the second quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock valued at $608,000 after purchasing an additional 17 shares during the last quarter. BSW Wealth Partners raised its holdings in shares of JPMorgan Chase & Co. by 0.5% during the first quarter. BSW Wealth Partners now owns 4,889 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 26 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in shares of JPMorgan Chase & Co. by 0.5% during the second quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock valued at $469,000 after purchasing an additional 26 shares during the last quarter. Finally, Financial Advisory Service Inc. raised its holdings in shares of JPMorgan Chase & Co. by 0.7% during the first quarter. Financial Advisory Service Inc. now owns 5,028 shares of the financial services provider’s stock valued at $442,000 after purchasing an additional 36 shares during the last quarter. 73.75% of the stock is currently owned by institutional investors and hedge funds.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,099 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the transaction, the general counsel now owns 15,279 shares in the company, valued at $1,557,846.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.88% of the stock is owned by company insiders.

A number of analysts have commented on JPM shares. Barclays upped their target price on shares of JPMorgan Chase & Co. from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Credit Suisse Group reaffirmed a “buy” rating and set a $110.00 target price (up from $103.00) on shares of JPMorgan Chase & Co. in a report on Monday, October 9th. They noted that the move was a valuation call. Oppenheimer reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a report on Thursday, October 12th. Morgan Stanley upped their target price on shares of JPMorgan Chase & Co. from $99.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Finally, Wells Fargo & Co set a $120.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Wednesday, December 20th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seventeen have assigned a buy rating to the company. JPMorgan Chase & Co. presently has an average rating of “Hold” and an average target price of $92.35.

JPMorgan Chase & Co. (NYSE JPM) traded down $0.92 during mid-day trading on Tuesday, reaching $106.53. 3,458,581 shares of the company’s stock traded hands, compared to its average volume of 14,039,316. JPMorgan Chase & Co. has a fifty-two week low of $81.64 and a fifty-two week high of $108.46. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $372,822.03, a price-to-earnings ratio of 15.35, a P/E/G ratio of 2.33 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data 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 quarter last year, the business earned $1.58 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was up 2.6% compared to the same quarter last year. research analysts anticipate that JPMorgan Chase & Co. will post 6.92 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 annualized dividend and a yield of 2.10%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 32.28%.

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.

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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