Herold Advisors Inc. Buys 2,348 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Herold Advisors Inc. lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 7.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,296 shares of the financial services provider’s stock after purchasing an additional 2,348 shares during the period. JPMorgan Chase & Co. accounts for about 1.6% of Herold Advisors Inc.’s investment portfolio, making the stock its 11th biggest holding. Herold Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $5,118,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of JPM. Valicenti Advisory Services Inc. increased its stake in JPMorgan Chase & Co. by 2.9% during the 3rd quarter. Valicenti Advisory Services Inc. now owns 79,891 shares of the financial services provider’s stock valued at $11,586,000 after purchasing an additional 2,220 shares in the last quarter. Hilltop Holdings Inc. increased its stake in JPMorgan Chase & Co. by 4.4% during the 2nd quarter. Hilltop Holdings Inc. now owns 34,079 shares of the financial services provider’s stock valued at $4,956,000 after purchasing an additional 1,439 shares in the last quarter. Checchi Capital Advisers LLC increased its stake in JPMorgan Chase & Co. by 4.4% during the 2nd quarter. Checchi Capital Advisers LLC now owns 39,447 shares of the financial services provider’s stock valued at $5,737,000 after purchasing an additional 1,652 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in JPMorgan Chase & Co. by 14.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 50,991 shares of the financial services provider’s stock valued at $7,416,000 after purchasing an additional 6,264 shares in the last quarter. Finally, Joseph Group Capital Management increased its stake in JPMorgan Chase & Co. by 7.6% during the 2nd quarter. Joseph Group Capital Management now owns 12,958 shares of the financial services provider’s stock valued at $1,885,000 after purchasing an additional 916 shares in the last quarter. 68.94% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Marianne Lake sold 32,243 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $160.00, for a total transaction of $5,158,880.00. Following the sale, the chief executive officer now owns 131,962 shares in the company, valued at $21,113,920. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Ashley Bacon sold 3,368 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total value of $561,546.64. Following the sale, the insider now owns 205,461 shares in the company, valued at $34,256,512.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Marianne Lake sold 32,243 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $160.00, for a total transaction of $5,158,880.00. Following the completion of the sale, the chief executive officer now owns 131,962 shares in the company, valued at approximately $21,113,920. The disclosure for this sale can be found here. Insiders have sold a total of 39,072 shares of company stock worth $6,297,103 over the last quarter. Insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on JPM shares. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price objective for the company from $140.00 to $190.00 in a research note on Tuesday, January 9th. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Morgan Stanley lifted their price target on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Bank of America lifted their price target on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, January 4th. Finally, Barclays lifted their price target on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average price target of $179.11.

Check Out Our Latest Analysis on JPMorgan Chase & Co.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $175.01 on Monday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.91 and a quick ratio of 0.90. JPMorgan Chase & Co. has a 1-year low of $123.11 and a 1-year high of $178.30. The company has a market capitalization of $503.44 billion, a P/E ratio of 10.79, a P/E/G ratio of 2.21 and a beta of 1.14. The firm’s 50 day simple moving average is $168.65 and its two-hundred day simple moving average is $155.28.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its quarterly earnings data on Friday, January 12th. The financial services provider reported $3.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.73 by ($0.69). The company had revenue of $38.57 billion for the quarter, compared to the consensus estimate of $39.73 billion. JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.57 EPS. Research analysts expect that JPMorgan Chase & Co. will post 15.87 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Thursday, January 4th were given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is currently 25.89%.

JPMorgan Chase & Co. Company Profile

(Free Report)

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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.

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

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