4,713 Shares in J P Morgan Chase & Co (JPM) Acquired by Weiss Multi Strategy Advisers LLC

Weiss Multi Strategy Advisers LLC purchased a new position in J P Morgan Chase & Co (NYSE:JPM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 4,713 shares of the financial services provider’s stock, valued at approximately $414,000.

Several other hedge funds also recently modified their holdings of the company. Billings Capital Management LLC raised its stake in shares of J P Morgan Chase & Co by 38.3% in the fourth quarter. Billings Capital Management LLC now owns 14,767 shares of the financial services provider’s stock worth $1,274,000 after buying an additional 4,088 shares in the last quarter. Cheviot Value Management LLC bought a new stake in shares of J P Morgan Chase & Co during the fourth quarter worth $377,000. SRS Capital Advisors Inc. bought a new stake in shares of J P Morgan Chase & Co during the fourth quarter worth $329,000. Wexford Capital LP raised its stake in shares of J P Morgan Chase & Co by 133.8% in the fourth quarter. Wexford Capital LP now owns 50,251 shares of the financial services provider’s stock worth $4,336,000 after buying an additional 28,759 shares in the last quarter. Finally, Wallace Capital Management Inc. bought a new stake in shares of J P Morgan Chase & Co during the fourth quarter worth $213,000. 74.06% of the stock is owned by institutional investors.

J P Morgan Chase & Co (NYSE:JPM) traded down 0.84% during mid-day trading on Friday, reaching $91.42. 10,679,534 shares of the company’s stock traded hands. J P Morgan Chase & Co has a 1-year low of $65.11 and a 1-year high of $95.22. The firm has a 50-day moving average price of $91.87 and a 200-day moving average price of $88.50. The stock has a market cap of $321.66 billion, a P/E ratio of 13.49 and a beta of 1.19.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.23. J P Morgan Chase & Co had a net margin of 24.13% and a return on equity of 11.53%. The company had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. During the same period last year, the company earned $1.55 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. Equities research analysts anticipate that J P Morgan Chase & Co will post $6.81 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Thursday, July 6th were issued a $0.50 dividend. The ex-dividend date was Monday, July 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.19%. J P Morgan Chase & Co’s dividend payout ratio (DPR) is presently 29.59%.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://stocknewstimes.com/2017/08/12/4713-shares-in-j-p-morgan-chase-co-jpm-acquired-by-weiss-multi-strategy-advisers-llc.html.

JPM has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $47.00 price target on shares of J P Morgan Chase & Co in a research note on Friday, April 14th. Nomura reaffirmed a “neutral” rating and issued a $83.00 price target on shares of J P Morgan Chase & Co in a research note on Monday, April 17th. Guggenheim raised shares of J P Morgan Chase & Co from a “neutral” rating to a “buy” rating and upped their price target for the stock from $88.25 to $96.00 in a research note on Tuesday, April 25th. Vetr lowered shares of J P Morgan Chase & Co from a “strong-buy” rating to a “buy” rating and set a $99.01 price target for the company. in a research note on Wednesday, April 26th. Finally, Vining Sparks upgraded shares of J P Morgan Chase & Co to an “outperform” rating and set a $95.00 target price on the stock in a report on Thursday, April 27th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty have given a buy rating to the company’s stock. J P Morgan Chase & Co currently has an average rating of “Hold” and an average price target of $85.53.

In other 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 shares were sold at an average price of $91.58, for a total value of $1,611,441.68. The transaction was disclosed in a 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 shares were sold at an average price of $91.29, for a total transaction of $91,290.00. Following the completion of the sale, the insider now 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 company 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.

Institutional Ownership by Quarter for J P Morgan Chase & Co (NYSE:JPM)

Receive News & Ratings for J P Morgan Chase & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J P Morgan Chase & Co and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply