Strategic Advisors LLC Acquires 445 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Strategic Advisors LLC grew its position in JPMorgan Chase & Co. (NYSE:JPMFree Report) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,359 shares of the financial services provider’s stock after purchasing an additional 445 shares during the period. JPMorgan Chase & Co. makes up approximately 1.4% of Strategic Advisors LLC’s investment portfolio, making the stock its 15th largest holding. Strategic Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $7,546,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Curbstone Financial Management Corp increased its stake in shares of JPMorgan Chase & Co. by 0.3% in the fourth quarter. Curbstone Financial Management Corp now owns 23,930 shares of the financial services provider’s stock worth $4,070,000 after acquiring an additional 60 shares during the period. Grey Street Capital LLC grew its position in JPMorgan Chase & Co. by 0.9% during the 4th quarter. Grey Street Capital LLC now owns 6,994 shares of the financial services provider’s stock worth $1,190,000 after purchasing an additional 60 shares during the period. Sendero Wealth Management LLC raised its stake in shares of JPMorgan Chase & Co. by 1.1% during the 4th quarter. Sendero Wealth Management LLC now owns 5,811 shares of the financial services provider’s stock valued at $988,000 after buying an additional 62 shares during the last quarter. Raleigh Capital Management Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 0.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 8,151 shares of the financial services provider’s stock valued at $1,182,000 after buying an additional 64 shares during the period. Finally, Affinity Wealth Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.4% in the second quarter. Affinity Wealth Management LLC now owns 19,082 shares of the financial services provider’s stock worth $2,775,000 after buying an additional 68 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In related news, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $195.36, for a total value of $765,811.20. Following the completion of the sale, the insider now owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,812 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $166.65, for a total value of $301,969.80. Following the sale, the insider now owns 46,766 shares in the company, valued at $7,793,553.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lori A. Beer sold 3,920 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $195.36, for a total value of $765,811.20. Following the transaction, the insider now owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The disclosure for this sale can be found here. Insiders have sold a total of 849,303 shares of company stock worth $155,107,447 in the last quarter. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPM opened at $198.29 on Thursday. JPMorgan Chase & Co. has a twelve month low of $126.22 and a twelve month high of $200.94. The firm has a market capitalization of $571.15 billion, a PE ratio of 12.23, a PEG ratio of 2.53 and a beta of 1.15. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.30. The firm’s 50-day moving average price is $185.21 and its 200 day moving average price is $165.45.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last issued its earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share for the quarter, missing the consensus estimate of $3.73 by ($0.69). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The company had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. During the same quarter in the prior year, the firm earned $3.57 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 15.75 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.32%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.89%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on JPM shares. Barclays raised their price objective 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. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $140.00 to $190.00 in a report on Tuesday, January 9th. Morgan Stanley raised their target price on JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $185.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Finally, Bank of America raised their price objective on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, January 4th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average price target of $181.63.

Check Out Our Latest Report on JPMorgan Chase & Co.

JPMorgan Chase & Co. 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; 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.

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

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