Lakeside Advisors INC. acquired a new position in JPMorgan Chase & Co. (NYSE:JPM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,702 shares of the financial services provider’s stock, valued at approximately $228,000.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Bell Investment Advisors Inc lifted its holdings in JPMorgan Chase & Co. by 45.7% in the fourth quarter. Bell Investment Advisors Inc now owns 1,161 shares of the financial services provider’s stock worth $156,000 after buying an additional 364 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in JPMorgan Chase & Co. by 11.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 336,522 shares of the financial services provider’s stock worth $45,128,000 after buying an additional 34,068 shares during the period. Nixon Peabody Trust Co. increased its stake in shares of JPMorgan Chase & Co. by 76.2% during the fourth quarter. Nixon Peabody Trust Co. now owns 29,371 shares of the financial services provider’s stock valued at $3,939,000 after purchasing an additional 12,705 shares in the last quarter. Connolly Sarah T. increased its stake in shares of JPMorgan Chase & Co. by 0.3% during the fourth quarter. Connolly Sarah T. now owns 26,162 shares of the financial services provider’s stock valued at $3,508,000 after purchasing an additional 82 shares in the last quarter. Finally, Moreno Evelyn V increased its stake in shares of JPMorgan Chase & Co. by 87.8% during the fourth quarter. Moreno Evelyn V now owns 77,215 shares of the financial services provider’s stock valued at $10,355,000 after purchasing an additional 36,097 shares in the last quarter. 67.89% of the stock is currently owned by hedge funds and other institutional investors.
JPMorgan Chase & Co. Stock Down 1.4 %
JPM opened at $134.10 on Monday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.85. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $144.34. The firm’s fifty day moving average is $133.39 and its 200 day moving average is $135.09. The stock has a market cap of $391.88 billion, a price-to-earnings ratio of 9.90, a price-to-earnings-growth ratio of 1.91 and a beta of 1.10.
JPMorgan Chase & Co. Announces Dividend
The business 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. The ex-dividend date of this dividend was Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a yield of 2.98%. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.52%.
Insider Buying and Selling at JPMorgan Chase & Co.
In other JPMorgan Chase & Co. news, CEO Daniel E. Pinto sold 113,640 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $135.93, for a total value of $15,447,085.20. Following the sale, the chief executive officer now directly owns 566,665 shares in the company, valued at approximately $77,026,773.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.79% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on JPM shares. Keefe, Bruyette & Woods raised their target price on shares of JPMorgan Chase & Co. from $131.00 to $155.00 and gave the company a “market perform” rating in a research note on Monday, April 17th. Morgan Stanley raised 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 note on Monday, April 17th. Royal Bank of Canada reduced their price target on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a research report on Friday, March 24th. Odeon Capital Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Monday, May 1st. Finally, Oppenheimer raised their price target 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 given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $155.28.
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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