JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by SlateStone Wealth LLC

SlateStone Wealth LLC increased its position in JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,755 shares of the financial services provider’s stock after buying an additional 701 shares during the quarter. SlateStone Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $3,762,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in JPM. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. lifted its holdings in shares of JPMorgan Chase & Co. by 100.0% in the third quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 160 shares of the financial services provider’s stock valued at $26,000 after buying an additional 80 shares during the period. Lowe Wealth Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 230.0% in the fourth quarter. Lowe Wealth Advisors LLC now owns 165 shares of the financial services provider’s stock valued at $26,000 after buying an additional 115 shares during the period. MFA Wealth Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at $32,000. Carolina Wealth Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 176.5% in the fourth quarter. Carolina Wealth Advisors LLC now owns 235 shares of the financial services provider’s stock valued at $37,000 after buying an additional 150 shares during the period. Finally, PFG Private Wealth Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter worth $59,000. Institutional investors and hedge funds own 69.39% of the company’s stock.

A number of equities research analysts have recently issued reports on JPM shares. Wells Fargo & Company cut their target price on JPMorgan Chase & Co. from $180.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Monday, April 4th. The Goldman Sachs Group set a $194.00 target price on JPMorgan Chase & Co. in a research report on Friday, January 14th. UBS Group set a $197.00 target price on JPMorgan Chase & Co. in a research report on Wednesday, March 2nd. Barclays set a $200.00 target price on JPMorgan Chase & Co. in a research report on Wednesday. Finally, StockNews.com started coverage on JPMorgan Chase & Co. in a research report on Thursday, March 31st. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $166.67.

JPM stock traded up $2.40 during mid-day trading on Friday, hitting $133.49. The stock had a trading volume of 12,964,353 shares, compared to its average volume of 14,407,605. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.16. JPMorgan Chase & Co. has a 1-year low of $127.27 and a 1-year high of $172.96. The company has a fifty day moving average of $142.33 and a 200 day moving average of $155.37. The stock has a market capitalization of $392.43 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 2.43 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its earnings results on Friday, January 14th. The financial services provider reported $3.33 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.35. JPMorgan Chase & Co. had a return on equity of 19.01% and a net margin of 38.00%. The company had revenue of $29.26 billion for the quarter, compared to analyst estimates of $29.78 billion. During the same period in the prior year, the firm posted $3.79 EPS. The business’s revenue was down .3% compared to the same quarter last year. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 11.03 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, April 30th. Stockholders of record on Wednesday, April 6th will be paid a dividend of $1.00 per share. The ex-dividend date is Tuesday, April 5th. This represents a $4.00 annualized dividend and a dividend yield of 3.00%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 26.06%.

About JPMorgan Chase & Co. (Get Rating)

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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

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

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