Investors Asset Management of Georgia Inc. GA ADV Buys 592 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Investors Asset Management of Georgia Inc. GA ADV increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 1.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,450 shares of the financial services provider’s stock after purchasing an additional 592 shares during the quarter. JPMorgan Chase & Co. comprises about 1.7% of Investors Asset Management of Georgia Inc. GA ADV’s portfolio, making the stock its 11th biggest position. Investors Asset Management of Georgia Inc. GA ADV’s holdings in JPMorgan Chase & Co. were worth $3,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of JPM. Cantor Fitzgerald Investment Advisor L.P lifted its holdings in JPMorgan Chase & Co. by 81.1% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock valued at $30,321,000 after buying an additional 99,636 shares during the period. BCK Partners Inc. acquired a new position in JPMorgan Chase & Co. in the first quarter valued at approximately $2,455,000. LSV Asset Management lifted its holdings in JPMorgan Chase & Co. by 35.6% in the first quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock valued at $5,085,000 after buying an additional 9,800 shares during the period. Wsfs Capital Management LLC lifted its holdings in JPMorgan Chase & Co. by 70.8% in the first quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock valued at $575,000 after buying an additional 1,749 shares during the period. Finally, Lumature Wealth Partners LLC lifted its holdings in JPMorgan Chase & Co. by 1,451.4% in the first quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after buying an additional 3,527 shares during the period. 67.89% of the stock is owned by institutional investors.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 2,000 shares of the firm’s stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $125.07, for a total value of $250,140.00. Following the completion of the transaction, the insider now owns 19,031 shares of the company’s stock, valued at $2,380,207.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Vice Chairman Peter Scher sold 1,310 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total value of $163,776.20. Following the completion of the transaction, the insider now owns 34,973 shares of the company’s stock, valued at approximately $4,372,324.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robin Leopold sold 2,000 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $125.07, for a total transaction of $250,140.00. Following the completion of the transaction, the insider now directly owns 19,031 shares of the company’s stock, valued at approximately $2,380,207.17. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,964 shares of company stock valued at $4,936,426. Corporate insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on JPM. Barclays increased their price objective on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. BMO Capital Markets increased their target price on shares of JPMorgan Chase & Co. from $149.00 to $158.00 and gave the stock a “market perform” rating in a report on Monday, October 17th. Citigroup increased their target price on shares of JPMorgan Chase & Co. from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, December 12th. Deutsche Bank Aktiengesellschaft lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and cut their target price for the stock from $155.00 to $145.00 in a report on Friday, January 6th. Finally, Royal Bank of Canada set a $130.00 target price on shares of JPMorgan Chase & Co. in a report on Friday. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $145.17.

JPMorgan Chase & Co. Stock Up 2.5 %

JPMorgan Chase & Co. stock opened at $143.01 on Friday. The company has a market cap of $419.48 billion, a P/E ratio of 12.08, a price-to-earnings-growth ratio of 2.16 and a beta of 1.13. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $161.03. The company has a fifty day simple moving average of $134.06 and a 200 day simple moving average of $121.83. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.13.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.14 by $0.43. The business had revenue of $34.55 billion during the quarter, compared to the consensus estimate of $34.23 billion. JPMorgan Chase & Co. had a net margin of 26.85% and a return on equity of 14.52%. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.33 earnings per share. Research analysts anticipate that JPMorgan Chase & Co. will post 11.69 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 33.78%.

About JPMorgan Chase & Co.

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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.

Further Reading

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

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