Realta Investment Advisors Has $2.99 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Realta Investment Advisors reduced its position in JPMorgan Chase & Co. (NYSE:JPMFree Report) by 7.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 17,552 shares of the financial services provider’s stock after selling 1,322 shares during the period. JPMorgan Chase & Co. comprises 0.7% of Realta Investment Advisors’ holdings, making the stock its 20th largest position. Realta Investment Advisors’ holdings in JPMorgan Chase & Co. were worth $2,986,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Moneta Group Investment Advisors LLC lifted its position in JPMorgan Chase & Co. by 105,652.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after acquiring an additional 97,907,897 shares during the last quarter. Norges Bank bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $3,894,646,000. Morgan Stanley increased its stake in JPMorgan Chase & Co. by 15.9% in the fourth quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock valued at $7,918,506,000 after acquiring an additional 8,088,433 shares during the last quarter. Wellington Management Group LLP increased its stake in JPMorgan Chase & Co. by 12.2% in the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock valued at $6,151,997,000 after acquiring an additional 4,603,090 shares during the last quarter. Finally, Barclays PLC increased its stake in JPMorgan Chase & Co. by 51.6% in the second quarter. Barclays PLC now owns 8,422,975 shares of the financial services provider’s stock valued at $1,225,037,000 after acquiring an additional 2,868,091 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. BMO Capital Markets raised their target price on shares of JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a research report on Tuesday, January 16th. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their target price for the company from $140.00 to $190.00 in a report on Tuesday, January 9th. Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Barclays lifted their price target on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $185.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.63.

Get Our Latest Research Report on JPMorgan Chase & Co.

JPMorgan Chase & Co. Stock Down 0.0 %

JPM opened at $198.86 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.30. The stock has a market cap of $572.79 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 2.54 and a beta of 1.15. JPMorgan Chase & Co. has a twelve month low of $126.22 and a twelve month high of $200.94. The company’s 50-day moving average price is $184.05 and its two-hundred day moving average price is $164.86.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). The company had revenue of $38.57 billion during the quarter, compared to analysts’ expectations of $39.73 billion. JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.57 earnings per share. As a group, equities analysts expect that JPMorgan Chase & Co. will post 15.75 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Thursday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio is 25.89%.

Insider Buying and Selling

In related news, insider Lori A. Beer sold 3,920 shares of JPMorgan Chase & Co. stock in a transaction on Monday, March 25th. The shares were sold at an average price of $195.36, for a total value of $765,811.20. Following the transaction, the insider now owns 64,783 shares in the company, valued at approximately $12,656,006.88. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Lori A. Beer sold 3,920 shares of JPMorgan Chase & Co. stock in a transaction on Monday, March 25th. The shares were sold at an average price of $195.36, for a total value of $765,811.20. Following the transaction, the insider now owns 64,783 shares in the company, valued at approximately $12,656,006.88. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman Peter Scher sold 1,812 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $166.65, for a total transaction of $301,969.80. Following the completion of the transaction, the insider now owns 46,766 shares in the company, valued at approximately $7,793,553.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 849,303 shares of company stock valued at $155,107,447. Company insiders own 0.79% of the company’s stock.

About JPMorgan Chase & Co.

(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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