Mackey Komara & Dankovich LLC Invests $172,000 in JPMorgan Chase & Co. (NYSE:JPM) Stock

Mackey Komara & Dankovich LLC acquired a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,764 shares of the financial services provider’s stock, valued at approximately $172,000.

A number of other hedge funds also recently modified their holdings of the stock. Bogart Wealth LLC raised its stake in shares of JPMorgan Chase & Co. by 19.0% in the fourth quarter. Bogart Wealth LLC now owns 625 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 100 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its stake in shares of JPMorgan Chase & Co. by 0.8% in the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 22,886 shares of the financial services provider’s stock worth $2,234,000 after purchasing an additional 189 shares during the last quarter. Garde Capital Inc. raised its stake in shares of JPMorgan Chase & Co. by 1.2% in the third quarter. Garde Capital Inc. now owns 17,113 shares of the financial services provider’s stock worth $1,884,000 after purchasing an additional 195 shares during the last quarter. Reynders McVeigh Capital Management LLC raised its stake in shares of JPMorgan Chase & Co. by 1.5% in the third quarter. Reynders McVeigh Capital Management LLC now owns 13,433 shares of the financial services provider’s stock worth $1,516,000 after purchasing an additional 200 shares during the last quarter. Finally, Stillwater Investment Management LLC raised its stake in shares of JPMorgan Chase & Co. by 0.6% in the fourth quarter. Stillwater Investment Management LLC now owns 36,057 shares of the financial services provider’s stock worth $3,520,000 after purchasing an additional 210 shares during the last quarter. 69.89% of the stock is currently owned by institutional investors.

JPM stock traded down $0.19 during trading on Wednesday, hitting $113.55. 8,599,969 shares of the company traded hands, compared to its average volume of 13,681,380. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.25. The stock has a market cap of $387.34 billion, a P/E ratio of 12.62, a P/E/G ratio of 1.62 and a beta of 1.11. JPMorgan Chase & Co. has a 1 year low of $91.11 and a 1 year high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, April 12th. The financial services provider reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.33. The company had revenue of $29.12 billion during the quarter, compared to analysts’ expectations of $27.95 billion. JPMorgan Chase & Co. had a return on equity of 14.23% and a net margin of 24.28%. During the same period last year, the business earned $2.37 earnings per share. On average, research analysts predict that JPMorgan Chase & Co. will post 10 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Thursday, April 4th. JPMorgan Chase & Co.’s payout ratio is currently 35.56%.

In other JPMorgan Chase & Co. news, Director James S. Crown acquired 5,000 shares of the company’s stock in a transaction on Tuesday, February 5th. The shares were bought at an average cost of $103.79 per share, with a total value of $518,950.00. Following the completion of the acquisition, the director now owns 311,447 shares in the company, valued at $32,325,084.13. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mellody L. Hobson acquired 1,700 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was acquired at an average cost of $114.26 per share, for a total transaction of $194,242.00. Following the completion of the acquisition, the director now owns 7,485 shares of the company’s stock, valued at approximately $855,236.10. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 24,700 shares of company stock worth $2,711,552 and sold 190,933 shares worth $20,796,254. 0.76% of the stock is currently owned by company insiders.

JPM has been the subject of several research analyst reports. Jefferies Financial Group cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $101.20 price objective for the company. in a research note on Tuesday, January 8th. BMO Capital Markets reduced their price objective on JPMorgan Chase & Co. from $124.00 to $123.00 and set a “market perform” rating for the company in a research note on Wednesday, January 16th. Zacks Investment Research cut JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. Barclays restated a “buy” rating and issued a $140.00 price objective on shares of JPMorgan Chase & Co. in a research note on Thursday, February 21st. Finally, Morgan Stanley raised their price objective on JPMorgan Chase & Co. from $124.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. JPMorgan Chase & Co. currently has an average rating of “Hold” and an average target price of $123.05.

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About JPMorgan Chase & Co.

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 deposit and investment products 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, payment processing, auto loan, and leasing services.

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

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