Clarity Wealth Advisors LLC Raises Position in JPMorgan Chase & Co. (NYSE:JPM)

Clarity Wealth Advisors LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 10.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,070 shares of the financial services provider’s stock after buying an additional 2,403 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.6% of Clarity Wealth Advisors LLC’s portfolio, making the stock its 20th largest holding. Clarity Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $2,619,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JPM. Price T Rowe Associates Inc. MD increased its holdings in shares of JPMorgan Chase & Co. by 23.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 31,667,210 shares of the financial services provider’s stock worth $3,566,044,000 after buying an additional 5,978,393 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of JPMorgan Chase & Co. by 4.2% during the 2nd quarter. Legal & General Group Plc now owns 21,156,537 shares of the financial services provider’s stock worth $2,382,439,000 after buying an additional 847,094 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of JPMorgan Chase & Co. by 21.1% during the 2nd quarter. Franklin Resources Inc. now owns 19,739,048 shares of the financial services provider’s stock worth $2,222,815,000 after buying an additional 3,435,522 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of JPMorgan Chase & Co. by 4.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 18,607,661 shares of the financial services provider’s stock worth $2,536,598,000 after buying an additional 805,196 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of JPMorgan Chase & Co. by 3.0% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,780,611 shares of the financial services provider’s stock worth $988,785,000 after buying an additional 259,671 shares during the last quarter. 67.89% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $135.08 on Friday. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $159.03. The stock has a market cap of $396.22 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 2.23 and a beta of 1.13. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a fifty day moving average price of $134.60 and a 200 day moving average price of $122.72.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its earnings results on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $3.11 by $0.46. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The business had revenue of $34.55 billion during the quarter, compared to analysts’ expectations of $34.23 billion. During the same period in the prior year, the company earned $3.33 earnings per share. The business’s revenue was up 18.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 12.81 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 6th will be issued a $1.00 dividend. The ex-dividend date is Thursday, January 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.96%. JPMorgan Chase & Co.’s payout ratio is 33.11%.

Insider Activity

In other news, Vice Chairman Peter Scher sold 1,310 shares of the company’s 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 sale, the insider now directly owns 34,973 shares of the company’s stock, valued at $4,372,324.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Mellody L. Hobson purchased 375 shares of the company’s stock in a transaction dated Thursday, January 19th. The shares were acquired at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the purchase, the director now directly owns 22,040 shares in the company, valued at approximately $2,965,041.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Peter Scher sold 1,310 shares of the company’s stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total transaction of $163,776.20. Following the transaction, the insider now owns 34,973 shares in the company, valued at $4,372,324.46. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,336 shares of company stock valued at $6,372,156. Insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group dropped their target price on shares of JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, October 4th. StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Royal Bank of Canada set a $130.00 target price on shares of JPMorgan Chase & Co. in a report on Friday, January 13th. Deutsche Bank Aktiengesellschaft downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and dropped their target price for the company from $155.00 to $145.00 in a report on Friday, January 6th. Finally, UBS Group set a $156.00 price target on shares of JPMorgan Chase & Co. in a research note on Friday, January 13th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.89.

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.

See Also

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

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