Gulf International Bank UK Ltd reduces its position in JPMorgan Chase & Co. (NYSE:JPM)


Gulf International Bank UK Ltd reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.0% in the first quarter, according to its latest filing with the Securities & Exchange Commission. The institutional investor held 485,342 shares of the financial services provider after selling 110 shares during the quarter. JPMorgan Chase & Co. represents 1.0% of Gulf International Bank UK Ltd’s portfolio, making the stock its 12th largest holding. Gulf International Bank UK Ltd’s holdings in JPMorgan Chase & Co. were worth $66,161,000 when it was last filed with the Securities & Exchange Commission.

Other hedge funds have also increased or reduced their stakes in the company. Joseph Group Capital Management bought a new position in JPMorgan Chase & Co. during Q4, valued at approximately $1,353,000. Evolution Advisers Inc. bought a new position in JPMorgan Chase & Co. stock during the fourth quarter worth approximately $52,000. Leverty Financial Group LLC bought a new stock position in JPMorgan Chase & Co. during the fourth quarter worth approximately $54,000. Delos Wealth Advisors LLC increased its holdings of JPMorgan Chase & Co. shares by 13,433.3% during the fourth quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider worth $64,000 after buying 403 additional shares in the last quarter. Finally, Landmark Wealth Management LLC bought a new stock position in JPMorgan Chase & Co. during the first quarter worth about $46,000. Hedge funds and other institutional investors hold 70.35% of the company’s shares.

JPMorgan Chase & Co. stock performance

Shares of JPM opened at $112.36 on Friday. The company has a debt ratio of 1.14, a quick ratio of 0.82 and a current ratio of 0.83. JPMorgan Chase & Co. has a fifty-two week low of $106.06 and a fifty-two week high of $172.96. The stock has a 50-day moving average price of $117.30 and a two-hundred-day moving average price of $129.71. The company has a market capitalization of $330.01 billion, a P/E ratio of 9.02, a PEG ratio of 2.01 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last reported quarterly earnings data on Thursday, July 14. The financial services provider reported earnings per share of $2.76 for the quarter, matching the consensus estimate of $2.76. JPMorgan Chase & Co. achieved a return on equity of 15.29% and a net margin of 30.41%. The company posted revenue of $30.72 billion in the quarter, versus a consensus estimate of $31.82 billion. In the same quarter a year earlier, the company posted earnings per share of $3.78. The company’s revenue increased 0.8% year-over-year. Analysts expect JPMorgan Chase & Co. to post earnings per share of 11.21 for the current year.

JPMorgan Chase & Co. dividend announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, July 31. Investors of record on Wednesday, July 6 received a dividend of $1.00 per share. The ex-dividend date was Tuesday, July 5. This represents a dividend of $4.00 on an annualized basis and a dividend yield of 3.56%. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.10%.

A Wall Street analyst gives his opinion

Several brokerages have recently commented on JPM. Barclays set a price target of $200.00 on JPMorgan Chase & Co. in a Monday July 18 report. Keefe, Bruyette & Woods reissued a “market performance” rating and set a price target of $148.00 (vs. $142.00 previously) on JPMorgan Chase & Co. shares in a Tuesday, May 24 report . Argus cut its price target on JPMorgan Chase & Co. from $177.00 to $155.00 in a Thursday, April 14 report. Morgan Stanley cut its price target on JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating for the company in a Tuesday, July 12 report. Finally, Citigroup upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and cut its price target for the stock from $145.00 to $135.00 in a Tuesday 12 report. July. One equity research analyst has assigned the stock a sell rating, eight have issued a hold rating and nine have assigned the stock a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $145.95.

About JPMorgan Chase & Co.

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JPMorgan Chase & Co operates as a worldwide financial services company. 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 consumer services; lending, deposit, cash management and payment solutions for small businesses; mortgage origination and management activities; residential mortgages and home equity loans; and credit card, car loan and leasing services.

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Institutional ownership by quarter for JPMorgan Chase & Co. (NYSE: JPM)



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