Hughes Financial Services LLC Makes New $711,000 Investment in JPMorgan Chase & Co. (NYSE:JPM)

Hughes Financial Services LLC purchased a new position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,967 shares of the financial services provider's stock, valued at approximately $711,000.

Other institutional investors have also added to or reduced their stakes in the company. Midwest Capital Advisors LLC purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth $43,000. Legacy Investment Solutions LLC acquired a new position in shares of JPMorgan Chase & Co. in the third quarter valued at about $45,000. Collier Financial acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $45,000. Lowe Wealth Advisors LLC boosted its position in JPMorgan Chase & Co. by 34.0% in the fourth quarter. Lowe Wealth Advisors LLC now owns 201 shares of the financial services provider's stock valued at $48,000 after buying an additional 51 shares during the last quarter. Finally, Kieckhefer Group LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Down 0.1 %

Shares of JPMorgan Chase & Co. stock traded down $0.14 during mid-day trading on Wednesday, hitting $250.99. The stock had a trading volume of 11,574,326 shares, compared to its average volume of 10,470,489. The firm has a 50-day moving average of $258.02 and a two-hundred day moving average of $239.98. The firm has a market cap of $701.79 billion, a P/E ratio of 12.71, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12-month low of $179.20 and a 12-month high of $280.25.

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JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its 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. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $42.77 billion during the quarter, compared to analysts' expectations of $41.90 billion. During the same quarter last year, the firm earned $3.04 earnings per share. The firm's quarterly revenue was up 10.9% compared to the same quarter last year. Sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be given a $1.40 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $5.60 dividend on an annualized basis and a yield of 2.23%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s dividend payout ratio is presently 28.37%.

Analyst Upgrades and Downgrades

Several brokerages have commented on JPM. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price objective for the company in a research note on Friday, January 3rd. Robert W. Baird upgraded JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $215.00 to $220.00 in a research note on Friday, March 7th. Baird R W raised JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. UBS Group raised their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods boosted their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a report on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $252.89.

Insiders Place Their Bets

In other news, insider Robin Leopold sold 1,250 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the transaction, the insider now directly owns 49,127 shares in the company, valued at approximately $12,130,438.84. This represents a 2.48 % 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 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 completion of the sale, the chief executive officer now owns 158,381 shares of the company's stock, valued at $42,737,529.04. This trade represents a 19.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,848 shares of company stock valued at $19,987,908 over the last 90 days. 0.79% of the stock is owned by company insiders.

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.