Bridge Creek Capital Management LLC trimmed its holdings in shares of JPMorgan Chase (NYSE:JPM) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,639 shares of the financial services provider’s stock after selling 1,327 shares during the quarter. JPMorgan Chase comprises about 2.7% of Bridge Creek Capital Management LLC’s holdings, making the stock its 2nd largest position. Bridge Creek Capital Management LLC’s holdings in JPMorgan Chase were worth $5,415,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the stock. Mitsubishi UFJ Asset Management UK Ltd. grew its position in JPMorgan Chase by 16.8% during the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 48,000 shares of the financial services provider’s stock worth $5,133,000 after buying an additional 6,900 shares in the last quarter. Diversified Trust Co grew its position in JPMorgan Chase by 6.7% during the fourth quarter. Diversified Trust Co now owns 34,961 shares of the financial services provider’s stock worth $3,739,000 after buying an additional 2,195 shares in the last quarter. State of Alaska Department of Revenue grew its position in JPMorgan Chase by 1,381.6% during the fourth quarter. State of Alaska Department of Revenue now owns 303,584 shares of the financial services provider’s stock worth $32,463,000 after buying an additional 283,094 shares in the last quarter. Bouchey Financial Group Ltd purchased a new position in JPMorgan Chase during the fourth quarter worth about $435,000. Finally, Syntal Capital Partners LLC grew its position in JPMorgan Chase by 204.4% during the fourth quarter. Syntal Capital Partners LLC now owns 8,950 shares of the financial services provider’s stock worth $957,000 after buying an additional 6,010 shares in the last quarter. Institutional investors and hedge funds own 74.50% of the company’s stock.
JPM has been the subject of several research analyst reports. Vetr lowered JPMorgan Chase from a “sell” rating to a “strong sell” rating and set a $93.51 price target for the company. in a research note on Wednesday, January 10th. Zacks Investment Research lowered JPMorgan Chase from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Morgan Stanley lifted their price target on JPMorgan Chase from $133.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 21st. Credit Suisse Group raised JPMorgan Chase to a “buy” rating and set a $120.00 price target for the company in a research note on Friday, January 5th. Finally, Vining Sparks reaffirmed a “buy” rating and set a $120.00 price target on shares of JPMorgan Chase in a research note on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $112.14.
JPMorgan Chase (NYSE:JPM) last released its earnings results on Friday, January 12th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.07. JPMorgan Chase had a return on equity of 11.63% and a net margin of 21.46%. The company had revenue of $24.15 billion during the quarter, compared to analyst estimates of $24.87 billion. During the same quarter in the previous year, the company posted $1.71 EPS. JPMorgan Chase’s revenue for the quarter was up 3.3% on a year-over-year basis. equities research analysts forecast that JPMorgan Chase will post 8.88 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 6th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, April 5th. JPMorgan Chase’s payout ratio is 32.61%.
In other JPMorgan Chase news, Director James S. Crown purchased 7,280 shares of the stock in a transaction on Thursday, January 18th. The stock was acquired at an average price of $113.37 per share, with a total value of $825,333.60. Following the transaction, the director now directly owns 305,875 shares of the company’s stock, valued at approximately $34,677,048.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Peter Scher sold 26,532 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $113.42, for a total value of $3,009,259.44. The disclosure for this sale can be found here. Insiders have sold a total of 152,047 shares of company stock valued at $17,098,115 in the last ninety days. 0.88% of the stock is currently owned by corporate insiders.
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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