Sawyer & Company Inc acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 24,286 shares of the financial services provider’s stock, valued at approximately $2,597,000. JPMorgan Chase & Co. comprises 1.7% of Sawyer & Company Inc’s investment portfolio, making the stock its 17th biggest position.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Private Vista LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter worth $102,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth $102,000. Welch Investments LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth $103,000. Legacy Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth $106,000. Finally, Atlantic Trust LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter worth $136,000. Hedge funds and other institutional investors own 74.47% of the company’s stock.
A number of equities research analysts recently weighed in on the company. Nomura upped their price objective on JPMorgan Chase & Co. from $113.00 to $117.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. ValuEngine raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Jefferies Group reaffirmed a “buy” rating and set a $131.00 target price (up from $124.00) on shares of JPMorgan Chase & Co. in a research report on Wednesday, February 21st. Morgan Stanley upped their target price on JPMorgan Chase & Co. from $128.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, BMO Capital Markets upped their target price on JPMorgan Chase & Co. from $110.00 to $111.00 and gave the company a “market perform” rating in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the stock. JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus price target of $111.63.
JPMorgan Chase & Co. stock opened at $114.74 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $393,439.78, a PE ratio of 16.40, a PEG ratio of 1.93 and a beta of 1.18. JPMorgan Chase & Co. has a 1-year low of $81.64 and a 1-year high of $119.33.
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. The business had revenue of $24.15 billion for the quarter, compared to analyst estimates of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.71 earnings per share. sell-side analysts anticipate that JPMorgan Chase & Co. will post 8.9 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 6th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.95%. The ex-dividend date is Thursday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 35.56%.
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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.
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