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463 Shares in JPMorgan Chase & Co. (NYSE:JPM) Purchased by Landmark Wealth Management LLC

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Landmark Wealth Management LLC acquired a new position in JPMorgan Chase & Co. (NYSE:JPM) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 463 shares of the financial services provider’s stock, valued at approximately $46,000.

A number of other hedge funds also recently bought and sold shares of the stock. Joseph Group Capital Management acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $1,353,000. Carolina Wealth Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 176.5% in the 4th quarter. Carolina Wealth Advisors LLC now owns 235 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 150 shares during the last quarter. Evolution Advisers Inc. acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $52,000. Leverty Financial Group LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $54,000. Finally, Delos Wealth Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 13,433.3% in the 4th quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 403 shares during the last quarter. 70.35% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on JPM shares. UBS Group set a $134.00 price target on shares of JPMorgan Chase & Co. in a report on Thursday. Royal Bank of Canada set a $155.00 price objective on JPMorgan Chase & Co. in a report on Thursday. The Goldman Sachs Group set a $151.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Thursday, April 14th. Oppenheimer upgraded JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $167.00 price objective on the stock in a report on Tuesday, May 3rd. Finally, Argus cut their price objective on JPMorgan Chase & Co. from $177.00 to $155.00 in a report on Thursday, April 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $150.56.

NYSE:JPM opened at $108.00 on Friday. The stock’s 50 day moving average price is $119.56 and its 200 day moving average price is $134.83. JPMorgan Chase & Co. has a 52 week low of $106.06 and a 52 week high of $172.96. The company has a market capitalization of $317.20 billion, a P/E ratio of 8.01, a P/E/G ratio of 2.04 and a beta of 1.15. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.82 and a current ratio of 0.82.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 EPS for the quarter, hitting analysts’ consensus estimates of $2.76. JPMorgan Chase & Co. had a return on equity of 16.58% and a net margin of 33.61%. The firm had revenue of $30.72 billion for the quarter, compared to the consensus estimate of $31.82 billion. During the same quarter in the prior year, the company posted $3.78 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 11.23 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, July 31st. Investors of record on Wednesday, July 6th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, July 5th. This represents a $4.00 dividend on an annualized basis and a yield of 3.70%. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.67%.

In related news, insider Ashley Bacon sold 21,012 shares of the stock in a transaction that occurred on Tuesday, April 19th. The stock was sold at an average price of $130.04, for a total value of $2,732,400.48. Following the transaction, the insider now owns 178,588 shares in the company, valued at $23,223,583.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.79% of the company’s stock.

About JPMorgan Chase & Co. (Get Rating)

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 s 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.

Further Reading

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMGet Rating).

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