Ausdal Financial Partners Inc. Acquires 687 Shares of JPMorgan Chase & Co. (JPM)

Ausdal Financial Partners Inc. lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,442 shares of the financial services provider’s stock after purchasing an additional 687 shares during the period. Ausdal Financial Partners Inc.’s holdings in JPMorgan Chase & Co. were worth $1,331,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Welch Investments LLC acquired a new position in JPMorgan Chase & Co. in the 3rd quarter valued at approximately $103,000. Keeler Thomas Management LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $112,000. Cerebellum GP LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $119,000. Price Wealth Management Inc. bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at $124,000. Finally, Americafirst Capital Management LLC bought a new position in JPMorgan Chase & Co. in the 3rd quarter valued at $143,000. 72.10% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Mellody L. Hobson acquired 18,000 shares of the firm’s stock in a transaction dated Monday, April 16th. The stock was purchased at an average cost of $111.05 per share, with a total value of $1,998,900.00. Following the completion of the acquisition, the director now directly owns 864 shares of the company’s stock, valued at $95,947.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Chase & Co Jpmorgan acquired 22,000 shares of the firm’s stock in a transaction dated Thursday, May 31st. The shares were bought at an average cost of $1,000.00 per share, with a total value of $22,000,000.00. The disclosure for this purchase can be found here. Insiders have purchased 53,000 shares of company stock worth $25,488,830 in the last three months. 0.73% of the stock is currently owned by insiders.

Several research analysts have recently issued reports on the company. Morgan Stanley reduced their price target on JPMorgan Chase & Co. from $138.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, April 30th. Jefferies Financial Group reissued a “buy” rating and issued a $122.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, April 16th. BMO Capital Markets reaffirmed a “hold” rating and issued a $110.00 target price on shares of JPMorgan Chase & Co. in a research report on Friday, April 13th. HSBC began coverage on JPMorgan Chase & Co. in a report on Wednesday, April 11th. They set a “hold” rating and a $111.00 price objective for the company. Finally, Vining Sparks restated a “buy” rating and set a $130.00 price objective on shares of JPMorgan Chase & Co. in a report on Friday, April 6th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $114.06.

Shares of JPMorgan Chase & Co. traded down $1.94, hitting $108.03, on Thursday, Marketbeat Ratings reports. 20,480,145 shares of the company traded hands, compared to its average volume of 15,183,864. The stock has a market cap of $380.36 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 1.84 and a beta of 1.21. JPMorgan Chase & Co. has a 12-month low of $86.01 and a 12-month high of $119.33. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.01 and a current ratio of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, April 13th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.09. The firm had revenue of $27.90 billion for the quarter, compared to analysts’ expectations of $27.73 billion. JPMorgan Chase & Co. had a net margin of 22.53% and a return on equity of 12.60%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.65 earnings per share. analysts predict that JPMorgan Chase & Co. will post 9.05 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Friday, July 6th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.07%. The ex-dividend date is Thursday, July 5th. JPMorgan Chase & Co.’s payout ratio is currently 32.61%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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