Mirador Capital Partners LP Boosts Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Mirador Capital Partners LP raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,777 shares of the financial services provider’s stock after purchasing an additional 258 shares during the quarter. JPMorgan Chase & Co. accounts for about 2.4% of Mirador Capital Partners LP’s holdings, making the stock its 12th biggest position. Mirador Capital Partners LP’s holdings in JPMorgan Chase & Co. were worth $13,131,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JPM. Guardian Financial Partners LLC grew its holdings in shares of JPMorgan Chase & Co. by 10.4% in the 4th quarter. Guardian Financial Partners LLC now owns 1,201 shares of the financial services provider’s stock worth $288,000 after acquiring an additional 113 shares during the period. Mason & Associates Inc raised its stake in JPMorgan Chase & Co. by 17.6% in the 4th quarter. Mason & Associates Inc now owns 7,401 shares of the financial services provider’s stock valued at $1,774,000 after purchasing an additional 1,106 shares during the last quarter. Northside Capital Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 3.7% during the fourth quarter. Northside Capital Management LLC now owns 7,000 shares of the financial services provider’s stock valued at $1,678,000 after buying an additional 250 shares during the period. Financial Enhancement Group LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $561,000. Finally, West Financial Advisors LLC lifted its position in JPMorgan Chase & Co. by 244.6% during the fourth quarter. West Financial Advisors LLC now owns 603 shares of the financial services provider’s stock worth $145,000 after buying an additional 428 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Morgan Stanley cut shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Bank of America raised their price objective on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Finally, Citigroup boosted their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $251.78.

Insider Transactions at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the sale, the general counsel now 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Trading Up 2.0 %

NYSE:JPM opened at $259.46 on Friday. The business has a fifty day moving average of $243.06 and a 200-day moving average of $223.93. The stock has a market cap of $730.47 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 3.16 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. JPMorgan Chase & Co. has a 1 year low of $165.24 and a 1 year high of $260.62.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The firm 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 16.71% and a net margin of 19.64%. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.04 earnings per share. Equities analysts predict that JPMorgan Chase & Co. will post 17.46 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 25.33%.

JPMorgan Chase & Co. Profile

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.