Foster Victor Wealth Advisors LLC Has $1.30 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Foster Victor Wealth Advisors LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,561 shares of the financial services provider’s stock after purchasing an additional 203 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,301,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of JPM. Curbstone Financial Management Corp lifted its stake in shares of JPMorgan Chase & Co. by 0.3% during the 4th quarter. Curbstone Financial Management Corp now owns 23,930 shares of the financial services provider’s stock worth $4,070,000 after buying an additional 60 shares during the last quarter. Grey Street Capital LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.9% during the 4th quarter. Grey Street Capital LLC now owns 6,994 shares of the financial services provider’s stock worth $1,190,000 after buying an additional 60 shares during the last quarter. Sendero Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.1% during the 4th quarter. Sendero Wealth Management LLC now owns 5,811 shares of the financial services provider’s stock worth $988,000 after buying an additional 62 shares during the last quarter. Raleigh Capital Management Inc. lifted its stake in shares of JPMorgan Chase & Co. by 0.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 8,151 shares of the financial services provider’s stock worth $1,182,000 after buying an additional 64 shares during the last quarter. Finally, Affinity Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Affinity Wealth Management LLC now owns 19,082 shares of the financial services provider’s stock worth $2,775,000 after buying an additional 68 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. 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. 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 reiterated an “outperform” rating and issued a $185.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Finally, BMO Capital Markets lifted their price objective on shares of JPMorgan Chase & Co. from $192.00 to $194.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 16th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.63.

View Our Latest Stock Report on JPMorgan Chase & Co.

JPMorgan Chase & Co. Trading Down 0.3 %

JPM opened at $198.29 on Thursday. JPMorgan Chase & Co. has a fifty-two week low of $126.22 and a fifty-two week high of $200.94. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $571.15 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 2.53 and a beta of 1.15. The company’s 50 day moving average price is $185.21 and its two-hundred day moving average price is $165.45.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted 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). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The business had revenue of $38.57 billion for the quarter, compared to the consensus estimate of $39.73 billion. During the same period in the previous year, the firm earned $3.57 earnings per share. The company’s revenue was up 11.7% compared to the same quarter last year. As a group, research analysts predict that JPMorgan Chase & Co. will post 15.75 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be paid a $1.15 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.89%.

Insider Activity

In related news, CEO James Dimon sold 821,778 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the transaction, the chief executive officer now owns 595,316 shares in the company, valued at approximately $108,782,092.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other JPMorgan Chase & Co. news, CEO James Dimon sold 821,778 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the transaction, the chief executive officer now owns 595,316 shares in the company, valued at $108,782,092.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the sale, the insider now owns 64,783 shares of the company’s stock, valued at approximately $12,656,006.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 849,303 shares of company stock valued at $155,107,447. 0.79% of the stock is currently owned by insiders.

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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