Americana Partners LLC Has $47.23 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Americana Partners LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 544.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 197,031 shares of the financial services provider’s stock after purchasing an additional 166,436 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.9% of Americana Partners LLC’s portfolio, making the stock its 7th biggest holding. Americana Partners LLC’s holdings in JPMorgan Chase & Co. were worth $47,230,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP raised its stake in JPMorgan Chase & Co. by 15.4% in the fourth quarter. Capital Performance Advisors LLP now owns 2,997 shares of the financial services provider’s stock valued at $718,000 after purchasing an additional 399 shares in the last quarter. Strategic Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 6.8% in the fourth quarter. Strategic Advisors LLC now owns 42,845 shares of the financial services provider’s stock worth $10,270,000 after purchasing an additional 2,714 shares during the last quarter. Pure Portfolios Holdings LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $229,000. Hoge Financial Services LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $225,000. Finally, Sierra Ocean LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $449,000. Institutional investors own 71.55% of the company’s stock.

Insider Activity

In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the transaction, the chief executive officer now owns 158,381 shares in the company, valued at approximately $42,737,529.04. This represents a 19.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Stacey Friedman sold 3,303 shares of the firm’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 transaction, the general counsel now owns 47,620 shares in the company, valued at $12,092,622.80. This represents a 6.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,326 shares of company stock valued at $12,448,445 in the last quarter. Insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

JPM has been the topic of several recent analyst reports. Citigroup lifted their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Bank of America lifted their price target on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Baird R W lowered JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods boosted their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research report on Thursday, January 16th. Two investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $251.78.

JPMorgan Chase & Co. Trading Up 0.5 %

Shares of JPM stock opened at $258.70 on Thursday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The company has a market cap of $723.36 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 2.83 and a beta of 1.12. The stock has a 50 day simple moving average of $257.49 and a 200-day simple moving average of $236.37. JPMorgan Chase & Co. has a 1-year low of $179.20 and a 1-year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping the consensus estimate of $4.03 by $0.78. The firm had revenue of $42.77 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.04 earnings per share. On average, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm 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. This represents a $5.00 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.33%.

About JPMorgan Chase & Co.

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.