Ausdal Financial Partners Inc. raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,442 shares of the financial services provider’s stock after buying an additional 687 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in JPMorgan Chase & Co. were worth $1,331,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Baugh & Associates LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $4,139,000. Independence Bank of Kentucky acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $3,499,000. Capital Planning Advisors LLC raised its stake in JPMorgan Chase & Co. by 18.9% during the fourth quarter. Capital Planning Advisors LLC now owns 11,803 shares of the financial services provider’s stock worth $1,262,000 after acquiring an additional 1,879 shares in the last quarter. Manchester Capital Management LLC raised its stake in JPMorgan Chase & Co. by 69.1% during the fourth quarter. Manchester Capital Management LLC now owns 13,628 shares of the financial services provider’s stock worth $1,457,000 after acquiring an additional 5,570 shares in the last quarter. Finally, Advisory Services Network LLC raised its stake in JPMorgan Chase & Co. by 6.3% during the fourth quarter. Advisory Services Network LLC now owns 56,788 shares of the financial services provider’s stock worth $6,073,000 after acquiring an additional 3,354 shares in the last quarter. Institutional investors own 71.98% of the company’s stock.
Shares of JPMorgan Chase & Co. traded down $1.68, reaching $105.83, during mid-day trading on Friday, according to Marketbeat.com. 1,300,281 shares of the company’s stock were exchanged, compared to its average volume of 14,190,987. The firm has a market cap of $369.07 billion, a P/E ratio of 15.38, a P/E/G ratio of 1.79 and a beta of 1.21. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.01 and a quick ratio of 1.01. JPMorgan Chase & Co. has a twelve month low of $86.61 and a twelve month high of $119.33.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Friday, July 6th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 32.61%.
Several research analysts have issued reports on the company. Nomura increased 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. BMO Capital Markets increased their target price on JPMorgan Chase & Co. from $110.00 to $111.00 and gave the stock a “market perform” rating in a report on Wednesday, February 28th. Zacks Investment Research cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Credit Suisse Group increased their target price on JPMorgan Chase & Co. from $125.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, March 19th. Finally, Vetr upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $111.60 target price on the stock in a report on Thursday, March 8th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the company. JPMorgan Chase & Co. currently has an average rating of “Hold” and an average price target of $114.06.
In related news, Director Chase & Co Jpmorgan purchased 22,000 shares of the firm’s stock in a transaction on Thursday, May 31st. The stock was purchased at an average cost of $1,000.00 per share, for a total transaction of $22,000,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mellody L. Hobson purchased 18,000 shares of the firm’s stock in a transaction on Monday, April 16th. The stock was bought at an average price of $111.05 per share, with a total value of $1,998,900.00. Following the completion of the purchase, the director now owns 864 shares of the company’s stock, valued at $95,947.20. The disclosure for this purchase can be found here. In the last three months, insiders purchased 53,000 shares of company stock worth $25,488,830. 0.73% of the stock is owned by insiders.
JPMorgan Chase & Co. Company Profile
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.
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