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Jamison Private Wealth Management Inc. Raises Holdings in JPMorgan Chase & Co. (NYSE:JPM)

JPMorgan Chase & Co. logo with Finance background

Jamison Private Wealth Management Inc. raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,381 shares of the financial services provider's stock after buying an additional 1,376 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.9% of Jamison Private Wealth Management Inc.'s portfolio, making the stock its 12th biggest position. Jamison Private Wealth Management Inc.'s holdings in JPMorgan Chase & Co. were worth $13,036,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JPM. JPMorgan Chase & Co. boosted its stake in JPMorgan Chase & Co. by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock valued at $938,491,000 after purchasing an additional 319,730 shares during the last quarter. Sageworth Trust Co increased its position in shares of JPMorgan Chase & Co. by 37.9% during the 3rd quarter. Sageworth Trust Co now owns 2,860 shares of the financial services provider's stock valued at $603,000 after purchasing an additional 786 shares during the last quarter. Kingsview Wealth Management LLC raised its position in JPMorgan Chase & Co. by 2.5% in the third quarter. Kingsview Wealth Management LLC now owns 118,095 shares of the financial services provider's stock worth $24,902,000 after acquiring an additional 2,839 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in JPMorgan Chase & Co. by 16.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 692,809 shares of the financial services provider's stock worth $143,594,000 after purchasing an additional 95,461 shares during the period. Finally, Brighton Jones LLC lifted its position in shares of JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock valued at $11,682,000 after buying an additional 4,841 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on JPM shares. Robert W. Baird cut shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price objective for the company. in a research note on Thursday, November 7th. Evercore ISI raised their price target on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Royal Bank of Canada upped their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. UBS Group lifted their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. Finally, 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 research note on Thursday, January 16th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $251.78.

View Our Latest Research Report on JPMorgan Chase & Co.

Insider Activity

In related news, General Counsel Stacey Friedman sold 3,303 shares of the firm's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the transaction, the general counsel now owns 47,620 shares in the company, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.79% of the company's stock.

JPMorgan Chase & Co. Stock Down 0.0 %

NYSE:JPM traded down $0.03 during midday trading on Monday, reaching $267.27. 8,284,559 shares of the stock traded hands, compared to its average volume of 10,264,706. The stock has a market capitalization of $752.47 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 2.87 and a beta of 1.12. JPMorgan Chase & Co. has a 12-month low of $172.62 and a 12-month high of $270.82. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The business has a 50-day moving average of $247.91 and a two-hundred day moving average of $228.49.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $41.90 billion. During the same quarter in the prior year, the business posted $3.04 EPS. The business's revenue for the quarter was up 10.9% compared to the same quarter last year. On average, equities analysts forecast that JPMorgan Chase & Co. will post 17.82 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were paid a dividend of $1.25 per share. The ex-dividend date was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.87%. JPMorgan Chase & Co.'s payout ratio is 25.33%.

About JPMorgan Chase & Co.

(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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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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