JPMorgan Chase & Co. (NYSE:JPM) Holdings Raised by Smith Group Asset Management LLC

Smith Group Asset Management LLC lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 110,497 shares of the financial services provider's stock after buying an additional 1,457 shares during the quarter. JPMorgan Chase & Co. makes up about 2.0% of Smith Group Asset Management LLC's holdings, making the stock its 21st largest position. Smith Group Asset Management LLC's holdings in JPMorgan Chase & Co. were worth $26,487,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in JPM. Mizuho Securities Co. Ltd. purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth about $25,000. Catalyst Capital Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth about $27,000. West Financial Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth about $37,000. New England Capital Financial Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 38.5% during the 3rd quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider's stock worth $38,000 after purchasing an additional 50 shares during the period. Finally, Carolina Wealth Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 36.0% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 189 shares of the financial services provider's stock worth $40,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of analyst reports. Bank of America upped their price target on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. Wells Fargo & Company upped their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Keefe, Bruyette & Woods upped their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a report on Thursday, January 16th. Evercore ISI upped their price target on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Finally, Robert W. Baird cut JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price target for the company. in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $251.78.

JPMorgan Chase & Co. Stock Performance

NYSE JPM traded up $1.34 on Tuesday, hitting $268.15. The stock had a trading volume of 5,619,778 shares, compared to its average volume of 10,176,410. The company's 50-day moving average is $248.25 and its two-hundred day moving average is $228.90. JPMorgan Chase & Co. has a one year low of $172.62 and a one year high of $270.82. The stock has a market cap of $754.93 billion, a price-to-earnings ratio of 13.58, a P/E/G ratio of 2.87 and a beta of 1.12. 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. (NYSE:JPM - Get Free Report) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating 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 firm 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. The firm's revenue was up 10.9% compared to the same quarter last year. On average, analysts expect that JPMorgan Chase & Co. will post 17.82 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.'s payout ratio is currently 25.33%.

Insider Activity at JPMorgan Chase & Co.

In other 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 value of $838,763.82. Following the completion of the sale, the general counsel now directly owns 47,620 shares of the company's stock, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.79% of the stock is currently owned by 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.