Geneos Wealth Management Inc. lessened its stake in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 12.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,794 shares of the financial services provider’s stock after selling 7,886 shares during the period. Geneos Wealth Management Inc.’s holdings in JPMorgan Chase & Co. were worth $7,348,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of JPM. Retirement Financial Solutions LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $26,000. Creative Capital Management Investments LLC bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $30,000. Bellwether Advisors LLC lifted its position in JPMorgan Chase & Co. by 119.1% during the third quarter. Bellwether Advisors LLC now owns 493 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 268 shares during the last quarter. Delos Wealth Advisors LLC lifted its position in JPMorgan Chase & Co. by 24.4% during the third quarter. Delos Wealth Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 99 shares during the last quarter. Finally, VitalStone Financial LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $58,000. Institutional investors own 67.89% of the company’s stock.
JPMorgan Chase & Co. Price Performance
JPMorgan Chase & Co. stock opened at $141.40 on Wednesday. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $144.34. The firm has a 50 day moving average price of $134.90 and a 200 day moving average price of $131.71. The company has a market cap of $414.51 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 2.18 and a beta of 1.10. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.84 and a current ratio of 0.85.
JPMorgan Chase & Co. Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 30th. Shareholders 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 yield of 2.83%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 29.52%.
Insider Buying and Selling at JPMorgan Chase & Co.
In other news, Director Mellody L. Hobson bought 375 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, January 19th. The shares were acquired at an average cost of $134.53 per share, with a total value of $50,448.75. Following the completion of the transaction, the director now owns 22,040 shares in the company, valued at approximately $2,965,041.20. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.79% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
JPM has been the subject of a number of research analyst reports. UBS Group set a $156.00 price target on shares of JPMorgan Chase & Co. in a report on Friday, January 13th. Citigroup raised their price target on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday, January 17th. Morgan Stanley upped their price objective on shares of JPMorgan Chase & Co. from $153.00 to $157.00 and gave the company an “overweight” rating in a research note on Monday. Evercore ISI decreased their target price on shares of JPMorgan Chase & Co. from $157.00 to $146.00 and set an “outperform” rating on the stock in a report on Wednesday, April 5th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of JPMorgan Chase & Co. from $131.00 to $155.00 and gave the stock a “market perform” rating in a report on Monday. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average target price of $154.94.
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.
Featured Articles
- Get a free copy of the StockNews.com research report on JPMorgan Chase & Co. (JPM)
- Gamida Cell Stock Jumps Over 100% on FDA Approval
- Insiders Buy EasyJet, Regularly And Repeatedly
- Bank of America Beats Earnings, Renews Investor Upside Potential
- The Analysts See A Bright Future For Sunrun
- J.B. Hunt: Economic Contraction And A Buying Opportunity
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.
