Darrell & King LLC Has $37.05 Million Holdings in JPMorgan Chase & Co. (JPM)

Darrell & King LLC raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 10.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 429,406 shares of the financial services provider’s stock after purchasing an additional 40,068 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 3.5% of Darrell & King LLC’s holdings, making the stock its 7th biggest position. Darrell & King LLC’s holdings in JPMorgan Chase & Co. were worth $37,053,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in JPM. Keeler Thomas Management LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $112,000. Price Wealth Management Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $124,000. Financial Gravity Wealth Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth approximately $150,000. FSI Group LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $159,000. Finally, Bellwether Investment Group LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $227,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

In other news, CEO Gordon Smith sold 30,725 shares of the stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $114.01, for a total transaction of $3,502,957.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.73% of the stock is currently owned by corporate insiders.

Shares of JPM traded down $0.61 during midday trading on Friday, reaching $114.58. 12,964,800 shares of the stock were exchanged, compared to its average volume of 14,412,582. JPMorgan Chase & Co. has a 52 week low of $88.08 and a 52 week high of $119.33. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $398.59 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 1.90 and a beta of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, July 13th. The financial services provider reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.07. JPMorgan Chase & Co. had a return on equity of 13.18% and a net margin of 22.80%. The business had revenue of $27.75 billion for the quarter, compared to the consensus estimate of $27.62 billion. equities research analysts predict that JPMorgan Chase & Co. will post 9.15 EPS for the current year.

JPM has been the topic of several recent research reports. Zacks Investment Research cut JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Credit Suisse Group set a $130.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Thursday, July 12th. Societe Generale restated a “neutral” rating and set a $119.50 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 16th. DZ Bank upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Finally, Goldman Sachs Group restated a “neutral” rating and set a $124.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 16th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the stock. JPMorgan Chase & Co. has an average rating of “Buy” and an average target price of $120.23.

JPMorgan Chase & Co. Company Profile

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.

Further Reading: Leveraged Buyout (LBO)

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

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