Gladstone Institutional Advisory LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 82,231 shares of the financial services provider's stock after purchasing an additional 1,110 shares during the period. JPMorgan Chase & Co. comprises about 0.9% of Gladstone Institutional Advisory LLC's investment portfolio, making the stock its 23rd biggest holding. Gladstone Institutional Advisory LLC's holdings in JPMorgan Chase & Co. were worth $19,712,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the company. Capital Advisors Inc. OK raised its position in shares of JPMorgan Chase & Co. by 0.9% during the 4th quarter. Capital Advisors Inc. OK now owns 489,783 shares of the financial services provider's stock valued at $117,406,000 after acquiring an additional 4,533 shares in the last quarter. Indiana Trust & Investment Management Co increased its stake in JPMorgan Chase & Co. by 7.2% during the fourth quarter. Indiana Trust & Investment Management Co now owns 29,523 shares of the financial services provider's stock valued at $7,077,000 after purchasing an additional 1,975 shares during the last quarter. Community Financial Services Group LLC raised its holdings in shares of JPMorgan Chase & Co. by 3.3% during the fourth quarter. Community Financial Services Group LLC now owns 47,343 shares of the financial services provider's stock worth $11,349,000 after purchasing an additional 1,533 shares during the period. Wealth Advisors Northwest LLC bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth about $485,000. Finally, Signet Investment Advisory Group Inc. raised its stake in JPMorgan Chase & Co. by 0.3% during the fourth quarter. Signet Investment Advisory Group Inc. now owns 25,481 shares of the financial services provider's stock worth $6,108,000 after acquiring an additional 86 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on JPM shares. Robert W. Baird lowered JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price objective for the company. in a research report on Thursday, November 7th. Baird R W lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 7th. Oppenheimer downgraded shares of JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a research report on Wednesday, November 20th. Barclays boosted their target price on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Finally, Keefe, Bruyette & Woods raised their price target on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $251.78.
Check Out Our Latest Stock Analysis on JPM
JPMorgan Chase & Co. Price Performance
Shares of JPM traded down $2.66 during mid-day trading on Friday, hitting $264.14. The company's stock had a trading volume of 12,801,234 shares, compared to its average volume of 9,465,503. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The firm has a 50-day moving average price of $255.63 and a 200 day moving average price of $234.48. JPMorgan Chase & Co. has a fifty-two week low of $179.20 and a fifty-two week high of $280.25. The stock has a market capitalization of $738.56 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 2.96 and a beta of 1.12.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.78. The firm had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm's quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.04 earnings per share. On average, research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS 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 issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.'s payout ratio is 25.33%.
Insider Transactions at JPMorgan Chase & Co.
In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 20th. The shares were 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 in the company, valued at approximately $42,737,529.04. The trade was a 19.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the transaction, the general counsel now directly owns 47,620 shares in the company, valued at approximately $12,092,622.80. This trade represents a 6.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,326 shares of company stock valued at $12,448,445 over the last three months. Company insiders own 0.79% of the company's stock.
JPMorgan Chase & Co. Company Profile
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Free Report)
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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