Boit C F David Purchases 2,492 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Boit C F David grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 17.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,629 shares of the financial services provider’s stock after acquiring an additional 2,492 shares during the quarter. JPMorgan Chase & Co. accounts for 1.6% of Boit C F David’s portfolio, making the stock its 22nd biggest holding. Boit C F David’s holdings in JPMorgan Chase & Co. were worth $2,849,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in JPM. Macroview Investment Management LLC increased its stake in JPMorgan Chase & Co. by 7,833.3% in the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 235 shares during the last quarter. Briaud Financial Planning Inc bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter valued at approximately $40,000. FSC Wealth Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 290.9% during the 3rd quarter. FSC Wealth Advisors LLC now owns 387 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 288 shares during the last quarter. Legacy Financial Group LLC bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter valued at approximately $58,000. Finally, Robbins Farley increased its position in shares of JPMorgan Chase & Co. by 29.5% during the 3rd quarter. Robbins Farley now owns 421 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 96 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

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

Analyst Ratings Changes

Several research firms have recently weighed in on JPM. The Goldman Sachs Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Jefferies Financial Group boosted their target price on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research report on Monday. Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Oppenheimer dropped their price objective on JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating for the company in a report on Tuesday, March 19th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $185.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $189.11.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock opened at $195.47 on Thursday. JPMorgan Chase & Co. has a twelve month low of $126.83 and a twelve month high of $200.94. The stock has a market capitalization of $563.03 billion, a price-to-earnings ratio of 12.05, a P/E/G ratio of 2.51 and a beta of 1.15. The stock has a fifty day simple moving average of $187.52 and a two-hundred day simple moving average of $167.16. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.30.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share for the quarter, missing the consensus estimate of $3.73 by ($0.69). The firm had revenue of $38.57 billion during the quarter, compared to analysts’ expectations of $39.73 billion. JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. JPMorgan Chase & Co.’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.57 earnings per share. On average, analysts predict that JPMorgan Chase & Co. will post 15.8 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.35%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Thursday, April 4th. JPMorgan Chase & Co.’s payout ratio is presently 28.36%.

JPMorgan Chase & Co. Company Profile

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.