MONECO Advisors LLC Boosts Stake in JPMorgan Chase & Co. (NYSE:JPM)

MONECO Advisors LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 4.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,815 shares of the financial services provider’s stock after purchasing an additional 506 shares during the period. MONECO Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,130,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. HBC Financial Services PLLC increased its stake in JPMorgan Chase & Co. by 61.2% in the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock worth $27,000 after buying an additional 90 shares in the last quarter. Grayhawk Investment Strategies Inc. purchased a new stake in JPMorgan Chase & Co. in the 2nd quarter worth $32,000. Financial Connections Group Inc. increased its stake in JPMorgan Chase & Co. by 48.5% in the 2nd quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock worth $34,000 after buying an additional 100 shares in the last quarter. Horizons Wealth Management purchased a new stake in JPMorgan Chase & Co. in the 2nd quarter worth $39,000. Finally, New Millennium Group LLC bought a new position in shares of JPMorgan Chase & Co. during the 2nd quarter valued at about $39,000. 67.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. UBS Group set a $156.00 price objective on shares of JPMorgan Chase & Co. in a report on Friday, January 13th. StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a report on Wednesday, October 12th. They set a “hold” rating for the company. Morgan Stanley increased their price objective on shares of JPMorgan Chase & Co. from $153.00 to $167.00 and gave the company an “overweight” rating in a report on Tuesday, January 17th. Royal Bank of Canada set a $130.00 price objective on shares of JPMorgan Chase & Co. in a report on Friday, January 13th. Finally, The Goldman Sachs Group lowered their price target 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. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.89.

JPMorgan Chase & Co. Stock Up 0.2 %

Shares of NYSE JPM opened at $135.08 on Monday. 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 company has a market cap of $396.22 billion, a P/E ratio of 11.18, a PEG ratio of 2.10 and a beta of 1.13. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $159.03. The firm has a 50-day simple moving average of $134.60 and a two-hundred day simple moving average of $122.80.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.11 by $0.46. 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 24.34% and a return on equity of 14.68%. The firm’s quarterly revenue 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 12.88 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

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

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO Douglas B. Petno sold 5,139 shares of the firm’s stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total transaction of $642,477.78. Following the transaction, the chief executive officer now directly owns 248,011 shares of the company’s stock, valued at $31,006,335.22. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Douglas B. Petno sold 5,139 shares of the firm’s stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total transaction of $642,477.78. Following the transaction, the chief executive officer now directly owns 248,011 shares of the company’s stock, valued at $31,006,335.22. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mellody L. Hobson bought 375 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, January 19th. The shares were bought at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the transaction, the director now owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 46,336 shares of company stock valued at $6,372,156. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Profile

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JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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