JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Carson Advisory Inc.

Carson Advisory Inc. grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPMFree Report) by 12.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,371 shares of the financial services provider’s stock after purchasing an additional 1,290 shares during the period. JPMorgan Chase & Co. makes up about 1.4% of Carson Advisory Inc.’s holdings, making the stock its 13th largest position. Carson Advisory Inc.’s holdings in JPMorgan Chase & Co. were worth $1,649,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in JPM. JSF Financial LLC lifted its stake in JPMorgan Chase & Co. by 0.6% in the second quarter. JSF Financial LLC now owns 10,680 shares of the financial services provider’s stock valued at $1,553,000 after buying an additional 65 shares during the period. Red Wave Investments LLC lifted its position in shares of JPMorgan Chase & Co. by 1.4% during the 2nd quarter. Red Wave Investments LLC now owns 4,719 shares of the financial services provider’s stock valued at $686,000 after acquiring an additional 65 shares during the period. Riverview Capital Advisers LLC lifted its position in shares of JPMorgan Chase & Co. by 4.2% during the 2nd quarter. Riverview Capital Advisers LLC now owns 1,654 shares of the financial services provider’s stock valued at $241,000 after acquiring an additional 66 shares during the period. Carmel Capital Partners LLC boosted its stake in JPMorgan Chase & Co. by 2.8% during the second quarter. Carmel Capital Partners LLC now owns 2,434 shares of the financial services provider’s stock worth $354,000 after acquiring an additional 67 shares in the last quarter. Finally, Orca Investment Management LLC grew its holdings in JPMorgan Chase & Co. by 0.8% in the second quarter. Orca Investment Management LLC now owns 8,294 shares of the financial services provider’s stock worth $1,206,000 after purchasing an additional 68 shares during the period. 68.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Vice Chairman Peter Scher sold 1,812 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $166.65, for a total value of $301,969.80. Following the sale, the insider now owns 46,766 shares in the company, valued at $7,793,553.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total transaction of $561,546.64. Following the completion of the sale, the insider now directly owns 205,461 shares of the company’s stock, valued at approximately $34,256,512.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Peter Scher sold 1,812 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total value of $301,969.80. Following the completion of the transaction, the insider now directly owns 46,766 shares in the company, valued at approximately $7,793,553.90. The disclosure for this sale can be found here. Insiders sold 39,072 shares of company stock worth $6,297,103 in the last three months. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.1 %

JPMorgan Chase & Co. stock opened at $175.01 on Monday. JPMorgan Chase & Co. has a 1-year low of $123.11 and a 1-year high of $178.30. The firm has a 50 day simple moving average of $168.65 and a 200 day simple moving average of $155.28. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $503.44 billion, a price-to-earnings ratio of 10.79, a P/E/G ratio of 2.21 and a beta of 1.14.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The company had revenue of $38.57 billion for the quarter, compared to analysts’ expectations of $39.73 billion. During the same period in the previous year, the firm earned $3.57 EPS. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, analysts predict that JPMorgan Chase & Co. will post 15.87 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Thursday, January 4th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is 25.89%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on JPM shares. Morgan Stanley upped their price objective on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Oppenheimer raised their price target on shares of JPMorgan Chase & Co. from $232.00 to $238.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $140.00 to $190.00 in a report on Tuesday, January 9th. Barclays upped their price target on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Finally, Bank of America increased their target price on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, January 4th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.11.

Get Our Latest Stock Analysis on JPMorgan Chase & Co.

JPMorgan Chase & Co. Company Profile

(Free Report)

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.

Further Reading

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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