Bennett Selby Investments LP boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,966 shares of the financial services provider’s stock after purchasing an additional 59 shares during the quarter. JPMorgan Chase & Co. makes up approximately 0.9% of Bennett Selby Investments LP’s portfolio, making the stock its 23rd biggest holding. Bennett Selby Investments LP’s holdings in JPMorgan Chase & Co. were worth $2,149,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the business. Rappaport Reiches Capital Management LLC raised its holdings in JPMorgan Chase & Co. by 3.8% in the fourth quarter. Rappaport Reiches Capital Management LLC now owns 1,068 shares of the financial services provider’s stock valued at $256,000 after acquiring an additional 39 shares in the last quarter. Financial Avengers Inc. raised its stake in shares of JPMorgan Chase & Co. by 5.2% in the 3rd quarter. Financial Avengers Inc. now owns 868 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 43 shares in the last quarter. Matrix Trust Co lifted its position in shares of JPMorgan Chase & Co. by 0.4% during the fourth quarter. Matrix Trust Co now owns 10,179 shares of the financial services provider’s stock worth $2,440,000 after purchasing an additional 43 shares during the last quarter. One Charles Private Wealth Services LLC grew its stake in JPMorgan Chase & Co. by 0.4% in the third quarter. One Charles Private Wealth Services LLC now owns 12,179 shares of the financial services provider’s stock worth $2,568,000 after purchasing an additional 44 shares in the last quarter. Finally, Murphy Middleton Hinkle & Parker Inc. raised its stake in JPMorgan Chase & Co. by 1.6% during the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 2,881 shares of the financial services provider’s stock valued at $691,000 after buying an additional 44 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the sale, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.79% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Report on JPMorgan Chase & Co.
JPMorgan Chase & Co. Stock Performance
Shares of NYSE JPM opened at $266.74 on Thursday. JPMorgan Chase & Co. has a 1 year low of $171.43 and a 1 year high of $270.68. The firm has a market cap of $750.96 billion, a P/E ratio of 13.51, a PEG ratio of 2.83 and a beta of 1.11. The stock has a fifty day moving average price of $246.56 and a two-hundred day moving average price of $227.36. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. During the same quarter last year, the business posted $3.04 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. Research analysts forecast that JPMorgan Chase & Co. will post 17.82 EPS for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.87%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.33%.
JPMorgan Chase & Co. Profile
JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.
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