PBMares Wealth Management LLC Raises Position in JPMorgan Chase & Co. (NYSE:JPM)

PBMares Wealth Management LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 16.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,562 shares of the financial services provider’s stock after buying an additional 932 shares during the quarter. PBMares Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,116,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JPM. Curbstone Financial Management Corp raised its holdings in shares of JPMorgan Chase & Co. by 0.3% in the fourth quarter. Curbstone Financial Management Corp now owns 23,930 shares of the financial services provider’s stock valued at $4,070,000 after buying an additional 60 shares during the last quarter. Grey Street Capital LLC raised its holdings in shares of JPMorgan Chase & Co. by 0.9% in the fourth quarter. Grey Street Capital LLC now owns 6,994 shares of the financial services provider’s stock valued at $1,190,000 after buying an additional 60 shares during the last quarter. Financial Management Network Inc. raised its holdings in shares of JPMorgan Chase & Co. by 0.8% in the fourth quarter. Financial Management Network Inc. now owns 7,523 shares of the financial services provider’s stock valued at $1,296,000 after buying an additional 61 shares during the last quarter. Sendero Wealth Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.1% in the fourth quarter. Sendero Wealth Management LLC now owns 5,811 shares of the financial services provider’s stock valued at $988,000 after buying an additional 62 shares during the last quarter. Finally, Raleigh Capital Management Inc. raised its holdings in shares of JPMorgan Chase & Co. by 0.8% in the third quarter. Raleigh Capital Management Inc. now owns 8,151 shares of the financial services provider’s stock valued at $1,182,000 after buying an additional 64 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Jennifer Piepszak sold 1,648 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $294,926.08. Following the transaction, the chief executive officer now owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO James Dimon sold 178,222 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the transaction, the chief executive officer now owns 264,461 shares of the company’s stock, valued at approximately $48,708,426.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer Piepszak sold 1,648 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the transaction, the chief executive officer now directly owns 32,819 shares in the company, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. In the last 90 days, insiders have 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 Performance

NYSE:JPM opened at $182.90 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The company has a market cap of $525.31 billion, a P/E ratio of 11.04, a P/E/G ratio of 2.32 and a beta of 1.15. JPMorgan Chase & Co. has a fifty-two week low of $131.81 and a fifty-two week high of $200.94. The firm’s 50 day moving average is $188.28 and its two-hundred day moving average is $168.17.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly 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 for the quarter, compared to analysts’ expectations of $39.73 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the business earned $3.57 EPS. Analysts expect that JPMorgan Chase & Co. will post 15.78 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced 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 represents a $4.60 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Thursday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.78%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Morgan Stanley reduced their target price on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a report on Monday. Bank of America increased their price target on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, January 4th. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their target price for the company from $140.00 to $190.00 in a report on Tuesday, January 9th. Barclays increased their target price on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $185.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.56.

About JPMorgan Chase & Co.

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.