Argent Capital Management LLC raised its holdings in shares of JPMorgan Chase (NYSE:JPM) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,055,888 shares of the financial services provider’s stock after purchasing an additional 7,133 shares during the period. JPMorgan Chase makes up about 3.9% of Argent Capital Management LLC’s investment portfolio, making the stock its largest holding. Argent Capital Management LLC’s holdings in JPMorgan Chase were worth $100,848,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Kohmann Bosshard Financial Services LLC bought a new stake in shares of JPMorgan Chase in the third quarter worth about $102,000. Welch Investments LLC bought a new stake in JPMorgan Chase during the third quarter worth approximately $103,000. Legacy Advisors LLC bought a new stake in JPMorgan Chase during the third quarter worth approximately $106,000. Atlantic Trust LLC bought a new stake in JPMorgan Chase during the second quarter worth approximately $136,000. Finally, Lipe & Dalton bought a new stake in JPMorgan Chase during the third quarter worth approximately $143,000. Institutional investors and hedge funds own 74.50% of the company’s stock.
JPM has been the subject of several recent analyst reports. Vetr lowered JPMorgan Chase from a “sell” rating to a “strong sell” rating and set a $93.51 target price for the company. in a research report on Wednesday, January 10th. Zacks Investment Research lowered JPMorgan Chase from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Morgan Stanley boosted their price target on JPMorgan Chase from $133.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. Credit Suisse Group upgraded JPMorgan Chase to a “buy” rating and set a $120.00 target price for the company in a report on Friday, January 5th. Finally, Vining Sparks restated a “buy” rating and set a $120.00 target price on shares of JPMorgan Chase in a report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. JPMorgan Chase presently has a consensus rating of “Buy” and a consensus target price of $112.14.
In other JPMorgan Chase news, CEO Mary E. Erdoes sold 65,101 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $112.25, for a total value of $7,307,587.25. Following the completion of the transaction, the chief executive officer now owns 479,882 shares of the company’s stock, valued at approximately $53,866,754.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Peter Scher sold 26,532 shares of JPMorgan Chase stock in a transaction on Friday, January 19th. The stock was sold at an average price of $113.42, for a total transaction of $3,009,259.44. The disclosure for this sale can be found here. Insiders sold a total of 152,047 shares of company stock valued at $17,098,115 in the last quarter. 0.88% of the stock is owned by insiders.
JPM stock traded down $2.12 during mid-day trading on Monday, reaching $107.85. The company’s stock had a trading volume of 18,822,277 shares, compared to its average volume of 16,127,478. The company has a market cap of $377,412.53, a price-to-earnings ratio of 15.70, a PEG ratio of 1.86 and a beta of 1.24. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.24. JPMorgan Chase has a fifty-two week low of $81.64 and a fifty-two week high of $119.33.
JPMorgan Chase (NYSE:JPM) last announced its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.07. The business had revenue of $24.15 billion during the quarter, compared to the consensus estimate of $24.87 billion. JPMorgan Chase had a net margin of 21.46% and a return on equity of 11.63%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.71 EPS. equities analysts forecast that JPMorgan Chase will post 8.88 earnings per share for the current 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 $0.56 dividend. The ex-dividend date is Thursday, April 5th. This represents a $2.24 annualized dividend and a yield of 2.08%. JPMorgan Chase’s dividend payout ratio (DPR) is presently 32.61%.
JPMorgan Chase 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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