Baldwin Brothers LLC MA grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,925 shares of the financial services provider’s stock after buying an additional 382 shares during the quarter. Baldwin Brothers LLC MA’s holdings in JPMorgan Chase & Co. were worth $8,304,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Aptus Capital Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 11.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 153,622 shares of the financial services provider’s stock worth $16,054,000 after buying an additional 15,607 shares in the last quarter. Leisure Capital Management raised its holdings in shares of JPMorgan Chase & Co. by 2.7% in the 3rd quarter. Leisure Capital Management now owns 22,736 shares of the financial services provider’s stock worth $2,376,000 after purchasing an additional 600 shares during the period. Ballentine Partners LLC raised its holdings in shares of JPMorgan Chase & Co. by 12.4% in the 3rd quarter. Ballentine Partners LLC now owns 51,929 shares of the financial services provider’s stock worth $5,427,000 after purchasing an additional 5,719 shares during the period. Argus Investors Counsel Inc. raised its holdings in shares of JPMorgan Chase & Co. by 0.6% in the 4th quarter. Argus Investors Counsel Inc. now owns 24,284 shares of the financial services provider’s stock worth $3,256,000 after purchasing an additional 149 shares during the period. Finally, BerganKDV Wealth Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 6.1% in the 3rd quarter. BerganKDV Wealth Management LLC now owns 35,995 shares of the financial services provider’s stock worth $3,762,000 after purchasing an additional 2,079 shares during the period. Institutional investors own 67.89% of the company’s stock.
JPMorgan Chase & Co. Stock Up 7.6 %
JPM opened at $138.73 on Friday. The company has a fifty day moving average price of $134.94 and a 200-day moving average price of $131.13. The firm has a market capitalization of $406.68 billion, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 2.01 and a beta of 1.10. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $144.34.
JPMorgan Chase & Co. Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.88%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 33.11%.
Insider Buying and Selling
In related news, Director Mellody L. Hobson bought 375 shares of the business’s stock in a transaction that occurred on Thursday, January 19th. The stock was bought at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the transaction, the director now owns 22,040 shares of the company’s stock, valued at $2,965,041.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Mellody L. Hobson bought 375 shares of the business’s stock in a transaction that occurred on Thursday, January 19th. The stock was bought at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the transaction, the director now owns 22,040 shares of the company’s stock, valued at $2,965,041.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Stacey Friedman sold 23,148 shares of the company’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the completion of the transaction, the general counsel now owns 48,311 shares of the company’s stock, valued at $6,778,516.41. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,887 shares of company stock worth $5,315,762. Corporate insiders own 0.79% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on JPM. Deutsche Bank Aktiengesellschaft cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and lowered their price target for the stock from $155.00 to $145.00 in a report on Friday, January 6th. Citigroup lifted their price target on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a report on Tuesday, January 17th. Wells Fargo & Company raised shares of JPMorgan Chase & Co. from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $148.00 to $155.00 in a report on Monday, March 13th. The Goldman Sachs Group boosted their target price on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a report on Friday. Finally, Barclays lowered their target price on shares of JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating on the stock in a report on Wednesday. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $150.88.
About JPMorgan Chase & Co.
JPMorgan Chase & Co is a financial holding company, which engages in providing 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.
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