Adams Diversified Equity Fund Inc. boosted its stake in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 98.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 247,887 shares of the financial services provider's stock after acquiring an additional 123,187 shares during the period. JPMorgan Chase & Co. accounts for about 1.6% of Adams Diversified Equity Fund Inc.'s holdings, making the stock its 12th biggest position. Adams Diversified Equity Fund Inc.'s holdings in JPMorgan Chase & Co. were worth $33,242,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in the business. Premier Asset Management LLC boosted its position in JPMorgan Chase & Co. by 1.7% during the 3rd quarter. Premier Asset Management LLC now owns 4,635 shares of the financial services provider's stock worth $484,000 after purchasing an additional 77 shares during the period. Sage Rhino Capital LLC boosted its position in JPMorgan Chase & Co. by 0.8% in the 4th quarter. Sage Rhino Capital LLC now owns 9,478 shares of the financial services provider's stock valued at $1,271,000 after buying an additional 78 shares during the last quarter. Trellis Advisors LLC boosted its position in JPMorgan Chase & Co. by 2.8% in the 3rd quarter. Trellis Advisors LLC now owns 2,897 shares of the financial services provider's stock valued at $302,000 after buying an additional 79 shares during the last quarter. Karpas Strategies LLC boosted its position in JPMorgan Chase & Co. by 0.4% in the 3rd quarter. Karpas Strategies LLC now owns 21,537 shares of the financial services provider's stock valued at $2,251,000 after buying an additional 80 shares during the last quarter. Finally, Wulff Hansen & CO. boosted its position in JPMorgan Chase & Co. by 0.5% in the 3rd quarter. Wulff Hansen & CO. now owns 14,665 shares of the financial services provider's stock valued at $1,532,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 67.89% of the company's stock.
Get JPMorgan Chase & Co. alerts:JPMorgan Chase & Co. Price Performance
Shares of NYSE:JPM opened at $138.24 on Monday. The firm's 50 day moving average is $134.33 and its two-hundred day moving average is $133.77. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $144.34. The firm has a market capitalization of $405.25 billion, a P/E ratio of 10.20, a PEG ratio of 1.98 and a beta of 1.10. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 1.07.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its quarterly earnings results on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, beating the consensus estimate of $3.41 by $0.69. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. The company had revenue of $38.35 billion for the quarter, compared to analyst estimates of $35.77 billion. During the same quarter last year, the business earned $2.63 earnings per share. JPMorgan Chase & Co.'s revenue was up 24.8% compared to the same quarter last year. Analysts anticipate that JPMorgan Chase & Co. will post 14 earnings per share for the current year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th were paid a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, April 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.89%. JPMorgan Chase & Co.'s payout ratio is currently 29.52%.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on JPM shares. The Goldman Sachs Group upped their price objective on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a research report on Friday, April 14th. Credit Suisse Group upped their price objective on shares of JPMorgan Chase & Co. from $155.00 to $160.00 in a research report on Tuesday, April 18th. Morgan Stanley upped their price objective on shares of JPMorgan Chase & Co. from $153.00 to $157.00 and gave the company an "overweight" rating in a research report on Monday, April 17th. Oppenheimer upped their price objective on shares of JPMorgan Chase & Co. from $157.00 to $192.00 and gave the company an "outperformer" rating in a research report on Monday, April 17th. Finally, UBS Group set a $156.00 price target on shares of JPMorgan Chase & Co. in a research report on Friday, January 13th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.94.
JPMorgan Chase & Co. Profile
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JPMorgan Chase & Co is a financial holding company, which engages in providing 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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