Inman Jager Wealth Management LLC Invests $2.26 Million in JPMorgan Chase & Co. (NYSE:JPM)

Inman Jager Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 9,446 shares of the financial services provider’s stock, valued at approximately $2,264,000. JPMorgan Chase & Co. accounts for 1.8% of Inman Jager Wealth Management LLC’s investment portfolio, making the stock its 15th largest holding.

A number of other hedge funds also recently made changes to their positions in the business. Tyche Wealth Partners LLC increased its holdings in JPMorgan Chase & Co. by 12.4% in the 4th quarter. Tyche Wealth Partners LLC now owns 19,709 shares of the financial services provider’s stock worth $4,724,000 after acquiring an additional 2,170 shares during the last quarter. Syntegra Private Wealth Group LLC grew its holdings in JPMorgan Chase & Co. by 20.2% during the 4th quarter. Syntegra Private Wealth Group LLC now owns 7,074 shares of the financial services provider’s stock valued at $1,696,000 after buying an additional 1,189 shares in the last quarter. Foguth Wealth Management LLC. grew its holdings in JPMorgan Chase & Co. by 54.8% during the 4th quarter. Foguth Wealth Management LLC. now owns 1,859 shares of the financial services provider’s stock valued at $492,000 after buying an additional 658 shares in the last quarter. Clayton Financial Group LLC grew its holdings in JPMorgan Chase & Co. by 5.2% during the 4th quarter. Clayton Financial Group LLC now owns 3,109 shares of the financial services provider’s stock valued at $745,000 after buying an additional 155 shares in the last quarter. Finally, Vestia Personal Wealth Advisors grew its holdings in JPMorgan Chase & Co. by 12.6% during the 4th quarter. Vestia Personal Wealth Advisors now owns 1,163 shares of the financial services provider’s stock valued at $279,000 after buying an additional 130 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on JPM. Citigroup lifted their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods raised 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. Robert W. Baird downgraded JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target on the stock. in a research report on Thursday, November 7th. Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $251.78.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the company’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 completion of the transaction, the general counsel now directly owns 47,620 shares in the company, valued at $12,092,622.80. This represents a 6.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $276.30 on Friday. JPMorgan Chase & Co. has a 52 week low of $174.42 and a 52 week high of $278.55. The firm has a market capitalization of $777.89 billion, a P/E ratio of 14.00, a PEG ratio of 2.94 and a beta of 1.12. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The company has a 50-day moving average price of $251.82 and a 200-day moving average price of $231.86.

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 analysts’ consensus estimates of $4.03 by $0.78. The company had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.04 EPS. Equities research analysts anticipate that JPMorgan Chase & Co. will post 18.05 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were paid a $1.25 dividend. The ex-dividend date was Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.81%. JPMorgan Chase & Co.’s payout ratio is 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.