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New Republic Capital LLC Increases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

JPMorgan Chase & Co. logo with Finance background

Key Points

  • New Republic Capital LLC increased its holdings in JPMorgan Chase & Co. by 35.5% during the 1st quarter, now owning approximately $6.56 million worth of shares, making it the fund's 3rd largest holding.
  • Despite mixed ratings from brokerages, JPMorgan Chase & Co. has a consensus rating of "Moderate Buy" with a price target of $288.68.
  • The company recently paid a quarterly dividend of $1.40 per share, reflecting an annualized dividend yield of 1.9%.
  • Five stocks we like better than JPMorgan Chase & Co..

New Republic Capital LLC raised its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 35.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,745 shares of the financial services provider's stock after acquiring an additional 7,010 shares during the quarter. JPMorgan Chase & Co. makes up 2.8% of New Republic Capital LLC's holdings, making the stock its 3rd largest holding. New Republic Capital LLC's holdings in JPMorgan Chase & Co. were worth $6,560,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Florida Financial Advisors LLC grew its position in JPMorgan Chase & Co. by 62.5% in the 1st quarter. Florida Financial Advisors LLC now owns 9,863 shares of the financial services provider's stock valued at $2,416,000 after acquiring an additional 3,792 shares during the last quarter. Fourth Dimension Wealth LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at $471,000. Crown Wealth Group LLC grew its position in JPMorgan Chase & Co. by 5.4% in the 1st quarter. Crown Wealth Group LLC now owns 4,320 shares of the financial services provider's stock valued at $1,060,000 after acquiring an additional 222 shares during the last quarter. Morse Asset Management Inc grew its position in JPMorgan Chase & Co. by 19.5% in the 1st quarter. Morse Asset Management Inc now owns 2,569 shares of the financial services provider's stock valued at $630,000 after acquiring an additional 420 shares during the last quarter. Finally, Hidden Cove Wealth Management LLC grew its position in JPMorgan Chase & Co. by 4.2% in the 1st quarter. Hidden Cove Wealth Management LLC now owns 2,758 shares of the financial services provider's stock valued at $677,000 after acquiring an additional 112 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on JPM. Phillip Securities downgraded JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Wall Street Zen raised JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Bank of America increased their price target on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Robert W. Baird downgraded JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target on the stock. in a research report on Friday, June 27th. Finally, Citigroup set a $275.00 price target on JPMorgan Chase & Co. and gave the stock a "buy" rating in a research report on Monday, July 7th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of "Moderate Buy" and a consensus price target of $288.68.

Get Our Latest Stock Report on JPM

Insider Transactions at JPMorgan Chase & Co.

In other news, CFO Jeremy Barnum sold 40,014 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total value of $10,034,310.78. Following the completion of the transaction, the chief financial officer directly owned 18,017 shares in the company, valued at $4,518,123.09. This trade represents a 68.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Linda Bammann sold 9,500 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total value of $2,375,000.00. Following the completion of the transaction, the director owned 91,539 shares of the company's stock, valued at approximately $22,884,750. The trade was a 9.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,200 shares of company stock valued at $18,060,015. 0.47% of the stock is owned by company insiders.

JPMorgan Chase & Co. Trading Down 2.4%

Shares of NYSE:JPM opened at $289.21 on Monday. JPMorgan Chase & Co. has a 52-week low of $190.90 and a 52-week high of $301.29. The stock has a market cap of $803.74 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 1.94 and a beta of 1.11. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The business has a 50-day moving average price of $281.04 and a 200-day moving average price of $261.69.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%. The firm had revenue of $44.91 billion during the quarter, compared to analysts' expectations of $43.76 billion. During the same period last year, the business posted $6.12 earnings per share. The company's revenue for the quarter was down 10.5% compared to the same quarter last year. Equities analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd were paid a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 28.73%.

JPMorgan Chase & Co. Profile

(Free Report)

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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