Dubuque Bank & Trust Co. lowered its holdings in JPMorgan Chase (NYSE:JPM) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 170,979 shares of the financial services provider’s stock after selling 1,049 shares during the quarter. JPMorgan Chase accounts for about 2.8% of Dubuque Bank & Trust Co.’s holdings, making the stock its 4th biggest position. Dubuque Bank & Trust Co.’s holdings in JPMorgan Chase were worth $18,285,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the business. Welch Investments LLC purchased a new position in shares of JPMorgan Chase in the third quarter valued at $103,000. Cerebellum GP LLC purchased a new position in shares of JPMorgan Chase in the fourth quarter valued at $119,000. Price Wealth Management Inc. purchased a new position in shares of JPMorgan Chase in the fourth quarter valued at $124,000. Lipe & Dalton purchased a new position in shares of JPMorgan Chase in the third quarter valued at $143,000. Finally, Americafirst Capital Management LLC purchased a new position in shares of JPMorgan Chase in the third quarter valued at $143,000. 74.26% of the stock is owned by institutional investors.
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A number of research analysts have recently weighed in on JPM shares. Morgan Stanley raised their price target on JPMorgan Chase from $128.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded JPMorgan Chase from a “hold” rating to a “buy” rating and set a $129.00 price target for the company in a research report on Monday, March 19th. Vetr upgraded JPMorgan Chase from a “sell” rating to a “hold” rating and set a $105.98 price target for the company in a research report on Monday, February 12th. Edward Jones upgraded JPMorgan Chase from a “hold” rating to a “buy” rating in a research report on Thursday, March 22nd. Finally, Credit Suisse Group lifted their price objective on JPMorgan Chase from $125.00 to $127.00 and gave the stock an “outperform” rating in a research report on Monday, March 19th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $112.75.
In other news, Director Todd A. Combs acquired 13,000 shares of JPMorgan Chase stock in a transaction dated Monday, May 14th. The shares were acquired at an average cost of $114.61 per share, with a total value of $1,489,930.00. Following the purchase, the director now directly owns 18,277 shares of the company’s stock, valued at approximately $2,094,726.97. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mellody L. Hobson acquired 18,000 shares of JPMorgan Chase stock in a transaction dated Monday, April 16th. The stock was purchased at an average cost of $111.05 per share, for a total transaction of $1,998,900.00. Following the completion of the purchase, the director now directly owns 864 shares in the company, valued at $95,947.20. The disclosure for this purchase can be found here. 0.73% of the stock is owned by insiders.
JPM opened at $112.96 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $387.91 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24. JPMorgan Chase has a 12 month low of $112.76 and a 12 month high of $113.47.
JPMorgan Chase (NYSE:JPM) last posted its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.37 EPS for the quarter, beating the consensus estimate of $2.28 by $0.09. The company had revenue of $27.90 billion during the quarter, compared to analysts’ expectations of $27.73 billion. JPMorgan Chase had a return on equity of 12.60% and a net margin of 22.53%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.65 EPS. sell-side analysts forecast that JPMorgan Chase will post 9.05 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Friday, July 6th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, July 5th. JPMorgan Chase’s dividend payout ratio (DPR) is 32.61%.
About JPMorgan Chase
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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