JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Relyea Zuckerberg Hanson LLC

Relyea Zuckerberg Hanson LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 15.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 22,921 shares of the financial services provider's stock after acquiring an additional 3,104 shares during the quarter. JPMorgan Chase & Co. accounts for about 0.7% of Relyea Zuckerberg Hanson LLC's portfolio, making the stock its 28th biggest holding. Relyea Zuckerberg Hanson LLC's holdings in JPMorgan Chase & Co. were worth $5,495,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JPM. Saxon Interests Inc. raised its stake in JPMorgan Chase & Co. by 8.7% in the 4th quarter. Saxon Interests Inc. now owns 10,456 shares of the financial services provider's stock valued at $2,506,000 after purchasing an additional 836 shares during the last quarter. Wealthcare Capital Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 15.5% during the fourth quarter. Wealthcare Capital Management LLC now owns 1,101 shares of the financial services provider's stock worth $264,000 after buying an additional 148 shares in the last quarter. Procyon Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 0.9% in the fourth quarter. Procyon Advisors LLC now owns 89,933 shares of the financial services provider's stock valued at $21,558,000 after buying an additional 833 shares during the last quarter. Everpar Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.8% in the fourth quarter. Everpar Advisors LLC now owns 32,431 shares of the financial services provider's stock worth $7,774,000 after buying an additional 262 shares in the last quarter. Finally, Yarger Wealth Strategies LLC boosted its position in JPMorgan Chase & Co. by 3.9% during the fourth quarter. Yarger Wealth Strategies LLC now owns 9,812 shares of the financial services provider's stock worth $2,352,000 after acquiring an additional 364 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Up 2.0 %

Shares of NYSE JPM traded up $5.19 during trading on Monday, reaching $259.46. The stock had a trading volume of 17,629,775 shares, compared to its average volume of 8,107,328. The business's 50-day moving average price is $243.50 and its 200-day moving average price is $224.52. JPMorgan Chase & Co. has a fifty-two week low of $165.24 and a fifty-two week high of $260.62. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $730.47 billion, a P/E ratio of 14.44, a PEG ratio of 3.16 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. During the same period in the prior year, the firm earned $3.04 earnings per share. The business's revenue for the quarter was up 10.9% compared to the same quarter last year. On average, equities research analysts predict that JPMorgan Chase & Co. will post 17.46 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued a dividend of $1.25 per share. The ex-dividend date is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 1.93%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.82%.

Insiders Place Their Bets

In other news, General Counsel Stacey Friedman sold 3,303 shares of the business's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the transaction, the general counsel now directly owns 47,620 shares of the company's stock, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.79% of the company's stock.

Analyst Ratings Changes

JPM has been the topic of a number of research reports. Morgan Stanley lowered shares of JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and raised their target price for the stock from $220.00 to $224.00 in a research note on Monday, September 30th. Wolfe Research upgraded JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price objective on the stock in a research report on Friday, January 3rd. Barclays upped their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an "overweight" rating in a report on Thursday. Citigroup lifted their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a "neutral" rating in a report on Tuesday, November 19th. Finally, Daiwa Capital Markets dropped their price objective on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating for the company in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of "Hold" and an average target price of $251.78.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.