3,380 Shares in JPMorgan Chase & Co. (NYSE:JPM) Acquired by IronOak Wealth LLC.

IronOak Wealth LLC. acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,380 shares of the financial services provider’s stock, valued at approximately $810,000.

A number of other institutional investors have also added to or reduced their stakes in JPM. Wood Tarver Financial Group LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $100,000. TFR Capital LLC. bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $920,000. Plotkin Financial Advisors LLC grew its holdings in JPMorgan Chase & Co. by 4.8% during the 4th quarter. Plotkin Financial Advisors LLC now owns 1,365 shares of the financial services provider’s stock worth $327,000 after acquiring an additional 62 shares during the last quarter. Probity Advisors Inc. grew its holdings in JPMorgan Chase & Co. by 8.6% during the 4th quarter. Probity Advisors Inc. now owns 5,437 shares of the financial services provider’s stock worth $1,303,000 after acquiring an additional 432 shares during the last quarter. Finally, Comprehensive Money Management Services LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $227,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 25,000 shares of the firm’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $247.02, for a total value of $6,175,500.00. Following the transaction, the chief executive officer now directly owns 133,381 shares of the company’s stock, valued at approximately $32,947,774.62. This trade represents a 15.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 6,608 shares of the firm’s stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the completion of the transaction, the general counsel now directly owns 36,520 shares in the company, valued at $9,703,729.20. This trade represents a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 95,594 shares of company stock worth $23,991,061 in the last quarter. Company insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on JPM shares. Cowen reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. UBS Group boosted their target price on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, April 17th. TD Securities boosted their target price on shares of JPMorgan Chase & Co. from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Tuesday, May 20th. TD Cowen started coverage on shares of JPMorgan Chase & Co. in a report on Thursday, May 15th. They set a “buy” rating and a $305.00 target price on the stock. Finally, Morgan Stanley boosted their target price on shares of JPMorgan Chase & Co. from $235.00 to $236.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 20th. Eleven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average target price of $266.65.

JPMorgan Chase & Co. Stock Up 1.7%

JPMorgan Chase & Co. stock opened at $265.12 on Wednesday. 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 $190.88 and a 12-month high of $280.25. The firm’s fifty day moving average is $244.84 and its 200 day moving average is $248.69. The company has a market capitalization of $736.79 billion, a PE ratio of 13.43, a PEG ratio of 2.83 and a beta of 1.07.

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

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be given a dividend of $1.40 per share. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.11%. JPMorgan Chase & Co.’s payout ratio is presently 27.49%.

JPMorgan Chase & Co. Company Profile

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.