Nations Financial Group Inc. IA ADV Buys 34,262 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Nations Financial Group Inc. IA ADV lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 170.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,386 shares of the financial services provider’s stock after acquiring an additional 34,262 shares during the period. JPMorgan Chase & Co. accounts for about 0.8% of Nations Financial Group Inc. IA ADV’s investment portfolio, making the stock its 18th largest position. Nations Financial Group Inc. IA ADV’s holdings in JPMorgan Chase & Co. were worth $7,293,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Twin Lakes Capital Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.5% during the 4th quarter. Twin Lakes Capital Management LLC now owns 13,786 shares of the financial services provider’s stock valued at $1,849,000 after acquiring an additional 71 shares in the last quarter. Karpas Strategies LLC raised its position in JPMorgan Chase & Co. by 0.3% during the 4th quarter. Karpas Strategies LLC now owns 21,608 shares of the financial services provider’s stock worth $2,898,000 after purchasing an additional 71 shares during the last quarter. Premier Asset Management LLC raised its position in JPMorgan Chase & Co. by 1.7% during the 3rd quarter. Premier Asset Management LLC now owns 4,635 shares of the financial services provider’s stock worth $484,000 after purchasing an additional 77 shares during the last quarter. Sage Rhino Capital LLC raised its position in JPMorgan Chase & Co. by 0.8% during the 4th quarter. Sage Rhino Capital LLC now owns 9,478 shares of the financial services provider’s stock worth $1,271,000 after purchasing an additional 78 shares during the last quarter. Finally, Trellis Advisors LLC raised its position in JPMorgan Chase & Co. by 2.8% during the 3rd quarter. Trellis Advisors LLC now owns 2,897 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 79 shares during the last quarter. 67.89% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. BMO Capital Markets raised their target price on JPMorgan Chase & Co. from $169.00 to $170.00 in a research report on Tuesday, May 2nd. Morgan Stanley raised their target price on JPMorgan Chase & Co. from $153.00 to $157.00 and gave the stock an “overweight” rating in a research report on Monday, April 17th. StockNews.com started coverage on JPMorgan Chase & Co. in a research report on Thursday, March 16th. They set a “hold” rating for the company. Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $155.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, April 17th. Finally, Oppenheimer lifted their price objective on JPMorgan Chase & Co. from $157.00 to $192.00 and gave the stock an “outperformer” rating in a research report on Monday, April 17th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average target price of $155.00.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $136.41 on Wednesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a 50-day moving average of $133.81 and a 200-day moving average of $134.83. The company has a market cap of $398.63 billion, a PE ratio of 10.07, a P/E/G ratio of 1.91 and a beta of 1.10. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $144.34.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its earnings results on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, beating the consensus estimate of $3.41 by $0.69. The company had revenue of $38.35 billion during the quarter, compared to the consensus estimate of $35.77 billion. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period last year, the business posted $2.63 EPS. On average, equities research analysts predict that JPMorgan Chase & Co. will post 14.33 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th were paid a dividend of $1.00 per share. The ex-dividend date was Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a yield of 2.93%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 29.52%.

JPMorgan Chase & Co. Profile

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JPMorgan Chase & Co is a financial holding company, which engages in providing 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.