1,295 Shares in JPMorgan Chase & Co. (NYSE:JPM) Acquired by David Wealth Management LLC

David Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,295 shares of the financial services provider's stock, valued at approximately $311,000.

Other institutional investors also recently bought and sold shares of the company. Montz Harcus Wealth Management LLC grew its position in JPMorgan Chase & Co. by 3.6% during the fourth quarter. Montz Harcus Wealth Management LLC now owns 8,757 shares of the financial services provider's stock valued at $2,099,000 after buying an additional 305 shares during the period. Schear Investment Advisers LLC boosted its stake in shares of JPMorgan Chase & Co. by 5.9% during the 4th quarter. Schear Investment Advisers LLC now owns 12,860 shares of the financial services provider's stock worth $3,083,000 after acquiring an additional 716 shares in the last quarter. Leavell Investment Management Inc. grew its position in shares of JPMorgan Chase & Co. by 1.0% during the 4th quarter. Leavell Investment Management Inc. now owns 93,903 shares of the financial services provider's stock valued at $22,509,000 after acquiring an additional 908 shares during the period. Portfolio Design Labs LLC increased its stake in shares of JPMorgan Chase & Co. by 24.6% in the 4th quarter. Portfolio Design Labs LLC now owns 22,677 shares of the financial services provider's stock valued at $5,436,000 after purchasing an additional 4,481 shares in the last quarter. Finally, Edmp Inc. raised its holdings in JPMorgan Chase & Co. by 27.6% in the 4th quarter. Edmp Inc. now owns 1,645 shares of the financial services provider's stock worth $394,000 after purchasing an additional 356 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, COO Jennifer Piepszak sold 4,273 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total value of $1,153,069.05. Following the transaction, the chief operating officer now directly owns 54,469 shares in the company, valued at approximately $14,698,459.65. This represents a 7.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the transaction, the chief executive officer now directly owns 158,381 shares of the company's stock, valued at $42,737,529.04. The trade was a 19.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,326 shares of company stock worth $12,448,445. Company insiders own 0.79% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on JPM. Barclays raised their price objective on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Wolfe Research raised shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price target on the stock in a research note on Friday, January 3rd. Keefe, Bruyette & Woods upped their price objective on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a research report on Thursday, January 16th. Bank of America boosted their target price on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. Finally, Citigroup raised their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a "neutral" rating in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of "Hold" and a consensus price target of $251.78.

JPMorgan Chase & Co. Trading Down 1.0 %

Shares of NYSE JPM traded down $2.66 during trading on Friday, hitting $264.14. 12,801,234 shares of the company were exchanged, compared to its average volume of 9,465,503. The company has a fifty day moving average price of $255.63 and a 200-day moving average price of $234.48. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The firm has a market capitalization of $738.56 billion, a PE ratio of 13.38, a P/E/G ratio of 2.96 and a beta of 1.12. JPMorgan Chase & Co. has a 12-month low of $179.20 and a 12-month high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping analysts' consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. During the same period in the previous year, the firm earned $3.04 earnings per share. JPMorgan Chase & Co.'s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were given a $1.25 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.89%. JPMorgan Chase & Co.'s payout ratio is 25.33%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.