Ropes Wealth Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,946 shares of the financial services provider’s stock after acquiring an additional 2,252 shares during the quarter. JPMorgan Chase & Co. comprises about 1.5% of Ropes Wealth Advisors LLC’s investment portfolio, making the stock its 13th biggest position. Ropes Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $8,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently added to or reduced their stakes in the stock. Retirement Financial Solutions LLC bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $26,000. Creative Capital Management Investments LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $30,000. Capital Directions Investment Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $44,000. Bellwether Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 119.1% in the third quarter. Bellwether Advisors LLC now owns 493 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 268 shares during the last quarter. Finally, Delos Wealth Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 24.4% in the third quarter. Delos Wealth Advisors LLC now owns 505 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 99 shares during the last quarter. 67.89% of the stock is owned by institutional investors.
JPMorgan Chase & Co. Trading Down 2.1 %
NYSE:JPM opened at $135.98 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 1.07. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $144.34. The company has a market capitalization of $398.62 billion, a P/E ratio of 10.04, a PEG ratio of 1.98 and a beta of 1.10. The firm has a fifty day simple moving average of $134.24 and a 200-day simple moving average of $134.20.
JPMorgan Chase & Co. Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.94%. The ex-dividend date was Wednesday, April 5th. JPMorgan Chase & Co.’s payout ratio is 29.52%.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Citigroup upped their price target on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a report on Tuesday, January 17th. Evercore ISI dropped their price objective on JPMorgan Chase & Co. from $157.00 to $146.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 5th. Royal Bank of Canada dropped their price objective on JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating on the stock in a research note on Friday, March 24th. BMO Capital Markets increased their price objective on JPMorgan Chase & Co. from $169.00 to $170.00 in a research note on Tuesday. Finally, Credit Suisse Group increased their target price on shares of JPMorgan Chase & Co. from $155.00 to $160.00 in a report on Tuesday, April 18th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average target price of $155.00.
JPMorgan Chase & Co. Company Profile
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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