First Pacific Financial Purchases 1,011 Shares of JPMorgan Chase & Co. (NYSE:JPM)

First Pacific Financial grew its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 49.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,052 shares of the financial services provider's stock after buying an additional 1,011 shares during the period. First Pacific Financial's holdings in JPMorgan Chase & Co. were worth $732,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of JPM. Financial Avengers Inc. increased its holdings in shares of JPMorgan Chase & Co. by 5.2% in the third quarter. Financial Avengers Inc. now owns 868 shares of the financial services provider's stock worth $183,000 after purchasing an additional 43 shares during the period. Matrix Trust Co increased its stake in JPMorgan Chase & Co. by 0.4% in the 4th quarter. Matrix Trust Co now owns 10,179 shares of the financial services provider's stock worth $2,440,000 after acquiring an additional 43 shares during the last quarter. One Charles Private Wealth Services LLC increased its stake in JPMorgan Chase & Co. by 0.4% in the 3rd quarter. One Charles Private Wealth Services LLC now owns 12,179 shares of the financial services provider's stock worth $2,568,000 after acquiring an additional 44 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. raised its holdings in shares of JPMorgan Chase & Co. by 1.3% in the 3rd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,436 shares of the financial services provider's stock valued at $725,000 after acquiring an additional 45 shares in the last quarter. Finally, Sunburst Financial Group LLC boosted its position in shares of JPMorgan Chase & Co. by 0.8% during the 3rd quarter. Sunburst Financial Group LLC now owns 5,696 shares of the financial services provider's stock valued at $1,201,000 after acquiring an additional 45 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, General Counsel Stacey Friedman sold 3,303 shares of the company's stock in a transaction on 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 transaction, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.79% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on JPM. Wells Fargo & Company upped their price objective on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Evercore ISI increased their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Oppenheimer downgraded shares of JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a report on Wednesday, November 20th. Daiwa Capital Markets cut their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating for the company in a research report on Thursday, October 10th. Finally, Royal Bank of Canada raised their price target on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of "Hold" and an average target price of $251.78.

JPMorgan Chase & Co. Stock Performance

JPM traded up $5.19 during trading on Friday, hitting $259.46. The company's stock had a trading volume of 17,629,775 shares, compared to its average volume of 8,107,328. The business's 50 day simple moving average is $243.50 and its 200-day simple moving average is $224.41. The firm has a market cap of $730.47 billion, a PE ratio of 14.44, a P/E/G ratio of 3.16 and a beta of 1.11. JPMorgan Chase & Co. has a one year low of $165.24 and a one year high of $260.62. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27.

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 analysts' consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company had revenue of $42.77 billion for the quarter, compared to analysts' expectations of $41.90 billion. During the same period last year, the firm earned $3.04 EPS. JPMorgan Chase & Co.'s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 17.46 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.93%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.82%.

About JPMorgan Chase & Co.

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.