Verus Wealth Management LLC Makes New $334,000 Investment in JPMorgan Chase & Co. (NYSE:JPM)

Verus Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,394 shares of the financial services provider's stock, valued at approximately $334,000.

A number of other hedge funds also recently added to or reduced their stakes in JPM. Deane Retirement Strategies Inc. acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth $2,347,000. Foster Group Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 1.2% in the fourth quarter. Foster Group Inc. now owns 6,367 shares of the financial services provider's stock valued at $1,526,000 after acquiring an additional 74 shares in the last quarter. Fulton Breakefield Broenniman LLC boosted its holdings in shares of JPMorgan Chase & Co. by 6.4% in the fourth quarter. Fulton Breakefield Broenniman LLC now owns 17,249 shares of the financial services provider's stock valued at $4,135,000 after acquiring an additional 1,035 shares in the last quarter. Capital Investment Counsel LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1.6% in the fourth quarter. Capital Investment Counsel LLC now owns 38,003 shares of the financial services provider's stock valued at $9,110,000 after acquiring an additional 586 shares in the last quarter. Finally, Signature Wealth Management Partners LLC boosted its holdings in JPMorgan Chase & Co. by 0.6% during the fourth quarter. Signature Wealth Management Partners LLC now owns 12,850 shares of the financial services provider's stock worth $3,080,000 after buying an additional 80 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the business's stock in a transaction that occurred 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 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.79% of the company's stock.

JPMorgan Chase & Co. Trading Up 0.5 %

Shares of JPM stock traded up $1.34 on Tuesday, reaching $268.15. The company had a trading volume of 5,619,778 shares, compared to its average volume of 10,176,410. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The stock has a market cap 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 50-day moving average of $248.25 and a 200-day moving average of $228.90. JPMorgan Chase & Co. has a 12 month low of $172.62 and a 12 month high of $270.82.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released 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 company had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. During the same quarter in the prior year, the firm posted $3.04 EPS. The firm'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 year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend 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%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. UBS Group lifted their target price on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Wolfe Research raised 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 report on Friday, January 3rd. Evercore ISI boosted their target price on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of 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 given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $251.78.

About JPMorgan Chase & Co.

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.