Keener Financial Planning LLC Acquires Shares of 1,507 JPMorgan Chase & Co. (NYSE:JPM)

Keener Financial Planning LLC bought a new position in JPMorgan Chase & Co. (NYSE:JPM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,507 shares of the financial services provider’s stock, valued at approximately $256,000.

A number of other large investors have also modified their holdings of JPM. Moneta Group Investment Advisors LLC grew its holdings in JPMorgan Chase & Co. by 105,652.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock valued at $13,141,876,000 after purchasing an additional 97,907,897 shares in the last quarter. Norges Bank purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at approximately $3,894,646,000. Morgan Stanley grew its holdings in JPMorgan Chase & Co. by 15.9% during the 4th quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock worth $7,918,506,000 after acquiring an additional 8,088,433 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth about $1,017,893,000. Finally, Wellington Management Group LLP lifted its position in shares of JPMorgan Chase & Co. by 12.2% during the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock worth $6,151,997,000 after purchasing an additional 4,603,090 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on JPM shares. Barclays boosted their price objective on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Wells Fargo & Company upped their price target 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. Evercore ISI lifted their price objective on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. The Goldman Sachs Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $185.00 price target 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 data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.56.

Insider Transactions at JPMorgan Chase & Co.

In related news, insider Ashley Bacon sold 3,368 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $179.00, for a total transaction of $602,872.00. Following the transaction, the insider now owns 202,093 shares in the company, valued at $36,174,647. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Ashley Bacon sold 3,368 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $179.00, for a total value of $602,872.00. Following the completion of the sale, the insider now owns 202,093 shares in the company, valued at $36,174,647. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO James Dimon sold 821,778 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $150,163,493.94. Following the transaction, the chief executive officer now directly owns 595,316 shares in the company, valued at $108,782,092.68. The disclosure for this sale can be found here. In the last three months, insiders sold 1,020,696 shares of company stock valued at $186,794,151. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.1 %

Shares of JPMorgan Chase & Co. stock opened at $182.90 on Tuesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.91. JPMorgan Chase & Co. has a 1-year low of $131.81 and a 1-year high of $200.94. The business’s fifty day moving average price is $188.28 and its two-hundred day moving average price is $168.17. The company has a market capitalization of $525.31 billion, a P/E ratio of 11.04, a PEG ratio of 2.32 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $39.73 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. JPMorgan Chase & Co.’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.57 earnings per share. As a group, research analysts forecast that JPMorgan Chase & Co. will post 15.78 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.52%. This is an increase 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 27.78%.

JPMorgan Chase & Co. 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.