Northstar Asset Management LLC Has $2.85 Million Position in JPMorgan Chase & Co. (NYSE:JPM)


Northstar Asset Management LLC lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.5% in the first quarter, Holdings Channel reports. The firm owned 20,933 shares of the financial services provider’s stock after selling 325 shares during the period. Northstar Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,854,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Joseph Group Capital Management acquired a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $1,353,000. Carolina Wealth Advisors LLC grew its holdings in JPMorgan Chase & Co. by 176.5% during the fourth quarter. Carolina Wealth Advisors LLC now owns 235 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 150 shares during the period. Evolution Advisers Inc. acquired a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $52,000. Leverty Financial Group LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $54,000. Finally, Delos Wealth Advisors LLC grew its holdings in JPMorgan Chase & Co. by 13,433.3% during the fourth quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 403 shares during the period. Institutional investors and hedge funds own 70.35% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 21,012 shares of the company’s stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of $130.04, for a total value of $2,732,400.48. Following the transaction, the insider now directly owns 178,588 shares in the company, valued at $23,223,583.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on JPM. Argus reduced their price target on shares of JPMorgan Chase & Co. from $177.00 to $155.00 in a report on Thursday, April 14th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $148.00 price target (up previously from $142.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, May 24th. Oppenheimer reduced their price target on shares of JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating for the company in a report on Friday. Evercore ISI reduced their price target on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a report on Friday. Finally, Wells Fargo & Company reduced their price target on shares of JPMorgan Chase & Co. from $120.00 to $118.00 and set an “equal weight” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $143.95.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $112.95 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.16. The firm’s fifty day moving average price is $119.34 and its two-hundred day moving average price is $134.51. JPMorgan Chase & Co. has a 1 year low of $106.06 and a 1 year high of $172.96. The firm has a market capitalization of $331.74 billion, a P/E ratio of 8.38, a price-to-earnings-growth ratio of 1.99 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.76. JPMorgan Chase & Co. had a net margin of 33.61% and a return on equity of 16.58%. The firm had revenue of $30.72 billion for the quarter, compared to analyst estimates of $31.82 billion. During the same period in the previous year, the firm posted $3.78 earnings per share. The company’s quarterly revenue was up .8% compared to the same quarter last year. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 11.37 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th will be issued a $1.00 dividend. The ex-dividend date is Tuesday, July 5th. This represents a $4.00 annualized dividend and a dividend yield of 3.54%. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.67%.

About JPMorgan Chase & Co.

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JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers its deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

Feature Stories

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



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