Sunbelt Securities Inc. Buys 3,626 Shares of JPMorgan Chase & Co. (JPM)

Sunbelt Securities Inc. boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 70.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,754 shares of the financial services provider’s stock after buying an additional 3,626 shares during the period. JPMorgan Chase & Co. makes up approximately 0.9% of Sunbelt Securities Inc.’s holdings, making the stock its 28th largest holding. Sunbelt Securities Inc. owned approximately 252.30% of JPMorgan Chase & Co. worth $836,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Private Trust Co. NA grew its position in JPMorgan Chase & Co. by 6.0% in the 2nd quarter. Private Trust Co. NA now owns 74,074 shares of the financial services provider’s stock valued at $6,770,000 after acquiring an additional 4,167 shares during the last quarter. Capital Investment Advisors LLC grew its position in JPMorgan Chase & Co. by 1.3% in the 2nd quarter. Capital Investment Advisors LLC now owns 71,927 shares of the financial services provider’s stock valued at $6,574,000 after acquiring an additional 937 shares during the last quarter. Covenant Asset Management LLC grew its position in JPMorgan Chase & Co. by 2.5% in the 2nd quarter. Covenant Asset Management LLC now owns 11,428 shares of the financial services provider’s stock valued at $1,045,000 after acquiring an additional 275 shares during the last quarter. Johanson Financial Advisors Inc. grew its position in JPMorgan Chase & Co. by 4.9% in the 2nd quarter. Johanson Financial Advisors Inc. now owns 17,825 shares of the financial services provider’s stock valued at $1,622,000 after acquiring an additional 833 shares during the last quarter. Finally, Carlson Capital Management grew its position in JPMorgan Chase & Co. by 3.6% in the 2nd quarter. Carlson Capital Management now owns 4,230 shares of the financial services provider’s stock valued at $387,000 after acquiring an additional 146 shares during the last quarter. Institutional investors own 73.80% of the company’s stock.

In related news, insider Ashley Bacon sold 16,434 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the sale, the insider now owns 98,811 shares of the company’s stock, valued at $11,088,570.42. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 2,099 shares of the firm’s 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 sale, the general counsel now directly owns 15,279 shares in the company, valued at approximately $1,557,846.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 154,146 shares of company stock worth $17,312,129. 0.88% of the stock is owned by corporate insiders.

Several equities analysts have commented on JPM shares. Deutsche Bank downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and upped their price objective for the company from $90.00 to $96.00 in a research report on Tuesday, September 26th. Citigroup upped their price objective on JPMorgan Chase & Co. from $90.00 to $96.00 and gave the company a “neutral” rating in a research report on Friday, October 6th. Credit Suisse Group reaffirmed a “buy” rating and issued a $110.00 price objective (up previously from $103.00) on shares of JPMorgan Chase & Co. in a research report on Monday, October 9th. They noted that the move was a valuation call. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 11th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, October 12th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $105.81.

JPMorgan Chase & Co. (NYSE JPM) opened at $114.33 on Tuesday. JPMorgan Chase & Co. has a 12-month low of $81.64 and a 12-month high of $114.39. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.01. The stock has a market capitalization of $396,690.00, a price-to-earnings ratio of 16.52, a PEG ratio of 1.93 and a beta of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The business had revenue of $24.15 billion for the quarter, compared to the consensus estimate of $24.87 billion. During the same quarter in the prior year, the company earned $1.71 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. research analysts forecast that JPMorgan Chase & Co. will post 8.78 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 5th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is currently 32.37%.

TRADEMARK VIOLATION WARNING: This news story was first published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this news story on another site, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this news story can be read at https://stocknewstimes.com/2018/01/23/sunbelt-securities-inc-buys-3626-shares-of-jpmorgan-chase-co-jpm-2.html.

About JPMorgan 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 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.

Latest News

Leave a Reply