20,929 Shares in JPMorgan Chase & Co. (NYSE:JPM) Acquired by Ibex Wealth Advisors

Ibex Wealth Advisors acquired a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 20,929 shares of the financial services provider's stock, valued at approximately $5,017,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 58,344,186 shares of the financial services provider's stock valued at $12,258,346,000 after buying an additional 505,830 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of JPMorgan Chase & Co. by 31.7% during the third quarter. Fisher Asset Management LLC now owns 16,784,272 shares of the financial services provider's stock worth $3,539,132,000 after purchasing an additional 4,043,841 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in JPMorgan Chase & Co. by 2.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,084,919 shares of the financial services provider's stock valued at $3,180,806,000 after purchasing an additional 302,592 shares in the last quarter. Franklin Resources Inc. boosted its stake in JPMorgan Chase & Co. by 7.2% in the 3rd quarter. Franklin Resources Inc. now owns 15,073,193 shares of the financial services provider's stock valued at $3,338,955,000 after purchasing an additional 1,016,289 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth $1,888,088,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Wall Street Analyst Weigh In

JPM has been the subject of several recent analyst reports. Daiwa Capital Markets decreased their target price on JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating for the company in a research note on Thursday, October 10th. Citigroup boosted their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 19th. Bank of America upped their price target on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. Barclays upped their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Finally, Keefe, Bruyette & Woods upped their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a research report on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of "Hold" and an average target price of $251.78.

Insiders Place Their Bets

In other news, General Counsel Stacey Friedman sold 3,303 shares of the business's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the sale, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.79% of the company's stock.

JPMorgan Chase & Co. Trading Up 0.5 %

NYSE JPM opened at $268.15 on Wednesday. The company's fifty day moving average price is $248.25 and its two-hundred day moving average price is $228.90. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 12 month low of $172.62 and a 12 month high of $270.82. The company has a market capitalization of $754.93 billion, a price-to-earnings ratio of 13.58, a price-to-earnings-growth ratio of 2.87 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping the consensus estimate of $4.03 by $0.78. The company had revenue of $42.77 billion during the quarter, compared to analysts' expectations of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business's revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the company posted $3.04 earnings per share. As a group, research analysts predict that JPMorgan Chase & Co. will post 17.82 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Monday, January 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 25.33%.

JPMorgan Chase & Co. 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.

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