Cvfg LLC bought a new stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,944 shares of the financial services provider's stock, valued at approximately $466,000.
Several other institutional investors and hedge funds have also modified their holdings of JPM. Bennett Associates Wealth Management increased its position in JPMorgan Chase & Co. by 59.4% in the 4th quarter. Bennett Associates Wealth Management now owns 1,860 shares of the financial services provider's stock valued at $446,000 after acquiring an additional 693 shares in the last quarter. Ullmann Wealth Partners Group LLC increased its stake in shares of JPMorgan Chase & Co. by 1.5% in the 4th quarter. Ullmann Wealth Partners Group LLC now owns 15,192 shares of the financial services provider's stock valued at $3,642,000 after buying an additional 227 shares during the period. Cypress Wealth Services LLC raised its position in shares of JPMorgan Chase & Co. by 5.4% during the fourth quarter. Cypress Wealth Services LLC now owns 10,528 shares of the financial services provider's stock worth $2,524,000 after acquiring an additional 544 shares during the last quarter. Capital Advisors Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 20.5% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 10,219 shares of the financial services provider's stock valued at $2,450,000 after acquiring an additional 1,741 shares during the period. Finally, Retireful LLC bought a new position in JPMorgan Chase & Co. in the fourth quarter valued at about $329,000. 71.55% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. Royal Bank of Canada lifted their target price on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Bank of America lifted their price objective on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. Citigroup increased their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a "neutral" rating in a research note on Tuesday, November 19th. Evercore ISI boosted their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. Finally, Robert W. Baird lowered shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price objective on the stock. in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $251.78.
Check Out Our Latest Report on JPM
Insider Transactions at JPMorgan Chase & Co.
In related news, General Counsel Stacey Friedman sold 3,303 shares of the company's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the sale, the general counsel now owns 47,620 shares of the company's stock, valued at $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.79% of the company's stock.
JPMorgan Chase & Co. Stock Performance
Shares of NYSE:JPM traded up $5.19 on Friday, hitting $259.46. The company had a trading volume of 17,629,775 shares, compared to its average volume of 8,107,328. The stock has a market cap of $730.47 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 3.16 and a beta of 1.11. The stock has a 50 day moving average price of $243.50 and a 200 day moving average price of $224.41. JPMorgan Chase & Co. has a 1-year low of $165.24 and a 1-year high of $260.62. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.78. The firm had revenue of $42.77 billion for the quarter, compared to analysts' expectations of $41.90 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The business's revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm earned $3.04 EPS. Analysts expect that JPMorgan Chase & Co. will post 17.46 EPS for the current year.
JPMorgan Chase & Co. Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be paid a $1.25 dividend. The ex-dividend date is Monday, January 6th. This represents a $5.00 annualized dividend and a dividend yield of 1.93%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.82%.
About JPMorgan Chase & Co.
(
Free Report)
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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.
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