Envestnet Portfolio Solutions Inc. Grows Position in JPMorgan Chase & Co. (NYSE:JPM)

Envestnet Portfolio Solutions Inc. grew its position in shares of JPMorgan Chase & Co. (NYSE:JPMFree Report) by 10.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 324,830 shares of the financial services provider’s stock after purchasing an additional 30,202 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in JPMorgan Chase & Co. were worth $55,254,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in JPM. Stone House Investment Management LLC lifted its position in shares of JPMorgan Chase & Co. by 132.8% during the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after buying an additional 89 shares in the last quarter. Bare Financial Services Inc purchased a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $35,000. Briaud Financial Planning Inc acquired a new position in shares of JPMorgan Chase & Co. during the third quarter valued at approximately $40,000. Stuart Chaussee & Associates Inc. purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $40,000. Finally, Rakuten Securities Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $44,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $202.47 on Friday. The firm has a 50 day moving average of $193.51 and a two-hundred day moving average of $175.61. The stock has a market capitalization of $581.43 billion, a PE ratio of 12.23, a P/E/G ratio of 2.49 and a beta of 1.13. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 52 week low of $134.40 and a 52 week high of $204.48.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. The firm had revenue of $41.93 billion during the quarter, compared to analyst estimates of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. On average, research analysts predict that JPMorgan Chase & Co. will post 16.22 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were given a $1.15 dividend. The ex-dividend date of this dividend was 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 2.27%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Wall Street Analyst Weigh In

Several research firms recently commented on JPM. UBS Group reduced their price objective on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a research note on Tuesday, April 16th. Keefe, Bruyette & Woods increased their target price on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. BMO Capital Markets lowered their price target on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research report on Monday, April 15th. Oppenheimer reduced their price target on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a report on Monday, April 15th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $192.05.

Check Out Our Latest Research Report on JPMorgan Chase & Co.

Insider Activity

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 3,000 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $198.86, for a total value of $596,580.00. Following the sale, the insider now directly owns 44,113 shares in the company, valued at $8,772,311.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other JPMorgan Chase & Co. news, insider Robin Leopold sold 3,000 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $198.86, for a total value of $596,580.00. Following the transaction, the insider now directly owns 44,113 shares in the company, valued at $8,772,311.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Dimon sold 821,778 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the sale, the chief executive officer now owns 595,316 shares of the company’s stock, valued at approximately $108,782,092.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,071,414 shares of company stock worth $196,746,504. 0.79% of the stock is currently owned by corporate insiders.

About JPMorgan Chase & Co.

(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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