Investment Planning Advisors Inc. Makes New $308,000 Investment in JPMorgan Chase & Co. (NYSE:JPM)

Investment Planning Advisors Inc. acquired a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,285 shares of the financial services provider's stock, valued at approximately $308,000.

Several other institutional investors have also recently made changes to their positions in the stock. Perigon Wealth Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 6.1% during the fourth quarter. Perigon Wealth Management LLC now owns 126,863 shares of the financial services provider's stock valued at $32,257,000 after purchasing an additional 7,238 shares during the period. Hutchens & Kramer Investment Management Group LLC raised its holdings in shares of JPMorgan Chase & Co. by 13.3% during the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,905 shares of the financial services provider's stock valued at $457,000 after purchasing an additional 223 shares during the period. MBE Wealth Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 5.4% during the fourth quarter. MBE Wealth Management LLC now owns 2,611 shares of the financial services provider's stock valued at $626,000 after purchasing an additional 133 shares during the period. Proathlete Wealth Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.7% during the fourth quarter. Proathlete Wealth Management LLC now owns 5,187 shares of the financial services provider's stock valued at $1,244,000 after purchasing an additional 85 shares during the period. Finally, KFA Private Wealth Group LLC raised its holdings in shares of JPMorgan Chase & Co. by 7.5% during the fourth quarter. KFA Private Wealth Group LLC now owns 2,108 shares of the financial services provider's stock valued at $505,000 after purchasing an additional 147 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on JPM shares. Baird R W downgraded 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. Wolfe Research raised shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 target price for the company in a research report on Friday, January 3rd. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 target price for the company. in a research report on Thursday, November 7th. Finally, Daiwa Capital Markets decreased 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. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $251.78.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock traded up $1.34 on Tuesday, reaching $268.15. 5,619,778 shares of the company traded hands, compared to its average volume of 10,176,410. JPMorgan Chase & Co. has a 52 week low of $172.62 and a 52 week high of $270.82. The company has a 50 day moving average of $248.25 and a 200 day moving average of $228.90. The firm has a market capitalization of $754.93 billion, a PE ratio of 13.58, a PEG ratio of 2.87 and a beta of 1.12. 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. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating analysts' consensus estimates of $4.03 by $0.78. The company 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 20.96% and a return on equity of 16.99%. JPMorgan Chase & Co.'s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.04 EPS. Equities analysts forecast that JPMorgan Chase & Co. will post 17.82 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

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

Insider Activity at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 3,303 shares of the company's stock in a transaction that occurred 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 sale, the general counsel now directly owns 47,620 shares in the company, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Company 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.