JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Mendel Capital Management LLC

Mendel Capital Management LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 9,092 shares of the financial services provider’s stock after buying an additional 206 shares during the period. JPMorgan Chase & Co. comprises approximately 1.3% of Mendel Capital Management LLC’s holdings, making the stock its 12th biggest position. Mendel Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,179,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Betterment LLC grew its holdings in JPMorgan Chase & Co. by 46.2% in the fourth quarter. Betterment LLC now owns 1,831 shares of the financial services provider’s stock valued at $439,000 after purchasing an additional 579 shares during the period. Mission Creek Capital Partners Inc. boosted its stake in shares of JPMorgan Chase & Co. by 62.8% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 56,739 shares of the financial services provider’s stock worth $13,601,000 after acquiring an additional 21,877 shares during the last quarter. Oak Wealth Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $237,000. Berger Financial Group Inc raised its holdings in JPMorgan Chase & Co. by 0.9% in the 4th quarter. Berger Financial Group Inc now owns 12,298 shares of the financial services provider’s stock valued at $2,948,000 after acquiring an additional 114 shares during the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management lifted its position in JPMorgan Chase & Co. by 1.6% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 13,207 shares of the financial services provider’s stock worth $3,166,000 after buying an additional 206 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on JPM shares. Keefe, Bruyette & Woods increased their price objective on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research report on Thursday, January 16th. Baird R W raised shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th. Evercore ISI lowered their target price on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 1st. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a research report on Friday, January 3rd. Finally, Robert W. Baird upgraded shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $215.00 to $220.00 in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Hold” and an average target price of $255.67.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $243.47 on Friday. The company’s fifty day moving average is $240.91 and its two-hundred day moving average is $243.82. The company has a market cap of $677.58 billion, a P/E ratio of 12.33, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12-month low of $188.46 and a 12-month high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $45.30 billion during the quarter, compared to analysts’ expectations of $43.62 billion. During the same quarter in the previous year, the business posted $4.44 EPS. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. Equities analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be given a dividend of $1.40 per share. The ex-dividend date is Friday, April 4th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.30%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.49%.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,272 shares of JPMorgan Chase & Co. stock in a transaction on Monday, March 24th. The shares were sold at an average price of $247.03, for a total transaction of $1,055,312.16. Following the completion of the sale, the chief operating officer now owns 50,197 shares of the company’s stock, valued at approximately $12,400,164.91. The trade was a 7.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the completion of the sale, the insider now owns 50,377 shares in the company, valued at $13,606,323.93. This represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,545 shares of company stock valued at $19,149,144. 0.47% of the stock is owned by corporate insiders.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.