KCS Wealth Advisory acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,274 shares of the financial services provider’s stock, valued at approximately $778,000.
Several other institutional investors also recently made changes to their positions in the company. Nadler Financial Group Inc. boosted its holdings in JPMorgan Chase & Co. by 39.1% in the fourth quarter. Nadler Financial Group Inc. now owns 5,167 shares of the financial services provider’s stock valued at $553,000 after purchasing an additional 1,452 shares in the last quarter. Trellis Advisors LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $309,000. Covenant Asset Management LLC boosted its holdings in JPMorgan Chase & Co. by 6.0% in the fourth quarter. Covenant Asset Management LLC now owns 12,108 shares of the financial services provider’s stock valued at $1,295,000 after purchasing an additional 680 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 0.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,299,553 shares of the financial services provider’s stock valued at $138,969,000 after purchasing an additional 11,910 shares in the last quarter. Finally, Country Club Trust Company n.a. boosted its holdings in JPMorgan Chase & Co. by 12.1% in the fourth quarter. Country Club Trust Company n.a. now owns 19,905 shares of the financial services provider’s stock valued at $2,129,000 after purchasing an additional 2,156 shares in the last quarter. 74.47% of the stock is owned by institutional investors and hedge funds.
In other news, insider Ashley Bacon sold 16,434 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total transaction of $1,844,223.48. Following the completion of the sale, the insider now owns 98,811 shares in the company, valued at $11,088,570.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 17,729 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $112.33, for a total value of $1,991,498.57. Following the sale, the general counsel now owns 21,260 shares of the company’s stock, valued at approximately $2,388,135.80. The disclosure for this sale can be found here. Insiders have sold 152,047 shares of company stock valued at $17,098,115 in the last 90 days. Company insiders own 0.88% of the company’s stock.
JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.07. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The business had revenue of $24.15 billion during the quarter, compared to analysts’ expectations of $24.87 billion. During the same quarter in the prior year, the business earned $1.71 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. research analysts forecast that JPMorgan Chase & Co. will post 8.89 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, April 6th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 35.56%.
A number of equities analysts recently issued reports on JPM shares. Royal Bank of Canada reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Friday, December 8th. Wells Fargo set a $120.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Wednesday, December 20th. Buckingham Research raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a report on Thursday, December 21st. Barclays upped their price target on JPMorgan Chase & Co. from $105.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Finally, Credit Suisse Group raised JPMorgan Chase & Co. to a “buy” rating and set a $120.00 price target for the company in a report on Friday, January 5th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. JPMorgan Chase & Co. presently has a consensus rating of “Buy” and an average target price of $112.14.
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JPMorgan Chase & Co. Company Profile
JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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