Highland Financial Advisors LLC Purchases 287 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Highland Financial Advisors LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,274 shares of the financial services provider’s stock after buying an additional 287 shares during the quarter. JPMorgan Chase & Co. makes up 0.6% of Highland Financial Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Highland Financial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,744,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Mizuho Securities Co. Ltd. bought a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at approximately $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the third quarter worth approximately $27,000. New England Capital Financial Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 38.5% in the third quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 50 shares during the period. Peterson Financial Group Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter worth $45,000. Finally, Legacy Investment Solutions LLC bought a new position in JPMorgan Chase & Co. during the third quarter worth $45,000. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling

In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the sale, the chief executive officer now owns 158,381 shares of the company’s stock, valued at $42,737,529.04. This trade represents a 19.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the sale, the insider now directly owns 50,377 shares of the company’s stock, valued at approximately $13,606,323.93. The trade was a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,326 shares of company stock valued at $12,448,445 in the last 90 days. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Trading Down 1.2 %

JPM opened at $261.02 on Tuesday. The firm has a 50 day simple moving average of $256.54 and a 200 day simple moving average of $235.85. JPMorgan Chase & Co. has a fifty-two week low of $179.20 and a fifty-two week high of $280.25. The company has a market cap of $729.83 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 2.83 and a beta of 1.12. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.78. The business had revenue of $42.77 billion for the quarter, compared to analyst estimates 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 last year, the company earned $3.04 EPS. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were paid a $1.25 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.92%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.33%.

Analyst Ratings Changes

Several analysts have issued reports on JPM shares. Citigroup raised their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Baird R W lowered JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note 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 target for the company in a report on Friday, January 3rd. Robert W. Baird cut JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective on the stock. in a research report on Thursday, November 7th. Finally, Wells Fargo & Company raised their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus target price of $251.78.

JPMorgan Chase & Co. 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.