Sendero Wealth Management LLC Buys 62 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Sendero Wealth Management LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,811 shares of the financial services provider’s stock after acquiring an additional 62 shares during the period. Sendero Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $988,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in JPM. Macroview Investment Management LLC boosted its holdings in JPMorgan Chase & Co. by 7,833.3% during the third quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 235 shares during the last quarter. Briaud Financial Planning Inc acquired a new position in JPMorgan Chase & Co. during the third quarter worth $40,000. FSC Wealth Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 290.9% during the third quarter. FSC Wealth Advisors LLC now owns 387 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 288 shares during the last quarter. Legacy Financial Group LLC acquired a new position in JPMorgan Chase & Co. during the third quarter worth $58,000. Finally, Robbins Farley lifted its stake in JPMorgan Chase & Co. by 29.5% in the third quarter. Robbins Farley now owns 421 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 96 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Oppenheimer cut their target price on shares of JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating for the company in a research note on Tuesday, March 19th. Bank of America raised their target price on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, January 4th. Royal Bank of Canada restated an “outperform” rating and set a $185.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Finally, Wells Fargo & Company raised their target price on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average price target of $181.63.

View Our Latest Stock Report on JPM

JPMorgan Chase & Co. Trading Up 0.5 %

NYSE:JPM opened at $195.83 on Wednesday. The firm’s fifty day moving average is $181.02 and its 200-day moving average is $163.00. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.91 and a current ratio of 0.91. JPMorgan Chase & Co. has a 52 week low of $126.22 and a 52 week high of $200.48. The firm has a market cap of $564.06 billion, a P/E ratio of 12.07, a P/E/G ratio of 2.48 and a beta of 1.14.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The firm had revenue of $38.57 billion during the quarter, compared to the consensus estimate of $39.73 billion. During the same period in the prior year, the company posted $3.57 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities analysts expect that JPMorgan Chase & Co. will post 15.84 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be paid a dividend of $1.15 per share. The ex-dividend date is Thursday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a yield of 2.35%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.89%.

Insider Buying and Selling

In related news, CEO Jennifer Piepszak sold 1,649 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total transaction of $274,706.91. Following the transaction, the chief executive officer now directly owns 34,467 shares of the company’s stock, valued at $5,741,857.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total transaction of $561,546.64. Following the transaction, the insider now owns 205,461 shares in the company, valued at $34,256,512.53. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jennifer Piepszak sold 1,649 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $166.59, for a total transaction of $274,706.91. Following the transaction, the chief executive officer now owns 34,467 shares in the company, valued at approximately $5,741,857.53. The disclosure for this sale can be found here. Insiders have sold a total of 845,383 shares of company stock valued at $154,341,636 over the last ninety days. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Company Profile

(Free Report)

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 deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.

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

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