Y.D. More Investments Ltd Grows Stake in JPMorgan Chase & Co. (NYSE:JPM)

Y.D. More Investments Ltd grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 25.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,600 shares of the financial services provider’s stock after buying an additional 1,926 shares during the period. Y.D. More Investments Ltd’s holdings in JPMorgan Chase & Co. were worth $2,300,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. AMF Tjanstepension AB boosted its holdings in shares of JPMorgan Chase & Co. by 17.2% during the third quarter. AMF Tjanstepension AB now owns 473,785 shares of the financial services provider’s stock worth $99,972,000 after purchasing an additional 69,451 shares during the last quarter. Alpha Financial Partners LLC grew its position in shares of JPMorgan Chase & Co. by 11.5% in the third quarter. Alpha Financial Partners LLC now owns 3,329 shares of the financial services provider’s stock valued at $702,000 after purchasing an additional 343 shares during the period. Wedge Capital Management L L P NC grew its position in shares of JPMorgan Chase & Co. by 1.4% in the third quarter. Wedge Capital Management L L P NC now owns 4,384 shares of the financial services provider’s stock valued at $924,000 after purchasing an additional 61 shares during the period. Creative Planning grew its position in shares of JPMorgan Chase & Co. by 3.1% in the third quarter. Creative Planning now owns 1,139,115 shares of the financial services provider’s stock valued at $240,194,000 after purchasing an additional 34,746 shares during the period. Finally, von Borstel & Associates Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at $766,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the sale, the general counsel now directly owns 47,620 shares in the company, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

JPM has been the subject of a number of recent analyst reports. Robert W. Baird downgraded JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective for the company. in a research report on Thursday, November 7th. Wolfe Research raised 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. Bank of America lifted their price objective on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. UBS Group lifted their price objective on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods boosted their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research report on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus price target of $251.78.

JPMorgan Chase & Co. Trading Up 0.2 %

NYSE:JPM opened at $275.41 on Thursday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. JPMorgan Chase & Co. has a one year low of $172.62 and a one year high of $278.55. The business’s 50-day simple moving average is $251.18 and its 200 day simple moving average is $231.55. The stock has a market cap of $775.37 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 2.94 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (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 firm had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same quarter in the prior year, the firm posted $3.04 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 18.05 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is currently 25.33%.

JPMorgan Chase & Co. Company Profile

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.