Signature Estate & Investment Advisors LLC Has $934,000 Position in JPMorgan Chase & Co. (NYSE:JPM)

Signature Estate & Investment Advisors LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,493 shares of the financial services provider’s stock after purchasing an additional 483 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $934,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of JPM. Cantor Fitzgerald Investment Advisor L.P increased its holdings in JPMorgan Chase & Co. by 81.1% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock worth $30,321,000 after buying an additional 99,636 shares during the last quarter. BCK Partners Inc. bought a new stake in JPMorgan Chase & Co. in the first quarter worth approximately $2,455,000. LSV Asset Management increased its stake in shares of JPMorgan Chase & Co. by 35.6% during the 1st quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock worth $5,085,000 after purchasing an additional 9,800 shares during the last quarter. Wsfs Capital Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 70.8% during the 1st quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock valued at $575,000 after purchasing an additional 1,749 shares in the last quarter. Finally, Lumature Wealth Partners LLC lifted its stake in shares of JPMorgan Chase & Co. by 1,451.4% in the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 3,527 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the sale, the chief executive officer now directly owns 32,819 shares in the company, valued at approximately $5,873,288.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of the firm’s stock in a transaction dated 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 owns 32,819 shares in the company, valued at $5,873,288.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Stacey Friedman sold 6,030 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $1,101,861.90. Following the sale, the general counsel now directly owns 59,456 shares in the company, valued at $10,864,394.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $179.96 on Thursday. The firm has a market capitalization of $516.86 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 2.30 and a beta of 1.15. JPMorgan Chase & Co. has a one year low of $131.81 and a one year high of $200.94. The business has a fifty day simple moving average of $188.48 and a 200 day simple moving average of $168.50. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Royal Bank of Canada restated an “outperform” rating and set a $185.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. BMO Capital Markets cut their price objective on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research note on Monday. Morgan Stanley decreased their target price on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research report on Monday. Evercore ISI lifted their price target on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Finally, UBS Group reduced their price objective on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a research note on Tuesday. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $192.05.

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.