BCGM Wealth Management LLC raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,716 shares of the financial services provider’s stock after purchasing an additional 664 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.2% of BCGM Wealth Management LLC’s investment portfolio, making the stock its 21st biggest holding. BCGM Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,376,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Retirement Financial Solutions LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $26,000. Creative Capital Management Investments LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $30,000. Capital Directions Investment Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $44,000. Bellwether Advisors LLC grew its stake 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 acquiring an additional 268 shares during the period. Finally, Delos Wealth Advisors LLC grew its stake 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 acquiring an additional 99 shares during the period. 67.89% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on JPM. Credit Suisse Group lifted their price target on shares of JPMorgan Chase & Co. from $155.00 to $160.00 in a research note on Tuesday, April 18th. StockNews.com initiated coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, March 16th. They set a “hold” rating for the company. Morgan Stanley boosted their target price on shares of JPMorgan Chase & Co. from $153.00 to $157.00 and gave the company an “overweight” rating in a research report on Monday, April 17th. The Goldman Sachs Group boosted their target price on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a research report on Friday, April 14th. Finally, Oppenheimer boosted their target price on shares of JPMorgan Chase & Co. from $157.00 to $192.00 and gave the company an “outperformer” rating in a research report on Monday, April 17th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average price target of $155.00.
JPMorgan Chase & Co. Price Performance
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its earnings results on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, topping the consensus estimate of $3.41 by $0.69. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. The firm had revenue of $38.35 billion for the quarter, compared to the consensus estimate of $35.77 billion. During the same quarter in the previous year, the firm earned $2.63 earnings per share. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 14.33 EPS for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Sunday, April 30th. Investors of record on Thursday, April 6th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.93%. The ex-dividend date was Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 29.52%.
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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