JPMorgan Chase & Co. (JPM) Holdings Trimmed by GFS Advisors LLC
GFS Advisors LLC lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 37,800 shares of the financial services provider’s stock after selling 745 shares during the period. GFS Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $3,610,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter worth about $102,000. Legacy Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter worth about $106,000. Atlantic Trust LLC acquired a new stake in shares of JPMorgan Chase & Co. during the second quarter worth about $136,000. Lipe & Dalton acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter worth about $143,000. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of JPMorgan Chase & Co. by 53.0% during the second quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 670 shares during the period. 73.85% of the stock is owned by institutional investors and hedge funds.
JPM has been the subject of a number of research reports. Wells Fargo & Co lifted their target price on JPMorgan Chase & Co. from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Royal Bank of Canada reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Friday, December 8th. Barclays lifted their target price on JPMorgan Chase & Co. from $105.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Societe Generale downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, Credit Suisse Group raised JPMorgan Chase & Co. to a “buy” rating and set a $120.00 target price for the company in a report on Friday, January 5th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $106.90.
JPMorgan Chase & Co. (JPM) opened at $114.28 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $405,506.88, a P/E ratio of 16.72, a P/E/G ratio of 2.00 and a beta of 1.23. JPMorgan Chase & Co. has a 12-month low of $81.64 and a 12-month high of $117.35.
JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.07. The business had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.71 earnings per share. equities analysts predict that JPMorgan Chase & Co. will post 8.78 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.56%.
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.
Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.