Naples Money Management LLC Makes New Investment in JPMorgan Chase & Co. (NYSE:JPM)

Naples Money Management LLC purchased a new position in JPMorgan Chase & Co. (NYSE:JPM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,880 shares of the financial services provider’s stock, valued at approximately $2,531,000. JPMorgan Chase & Co. accounts for about 2.4% of Naples Money Management LLC’s investment portfolio, making the stock its 14th largest position.

Other hedge funds have also recently made changes to their positions in the company. Columbia Trust Co 01012016 raised its holdings in JPMorgan Chase & Co. by 0.6% in the 3rd quarter. Columbia Trust Co 01012016 now owns 21,760 shares of the financial services provider’s stock worth $3,156,000 after purchasing an additional 134 shares in the last quarter. H&H Retirement Design & Management INC bought a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at about $386,000. Impact Partnership Wealth LLC boosted its stake in shares of JPMorgan Chase & Co. by 79.8% during the 3rd quarter. Impact Partnership Wealth LLC now owns 1,368 shares of the financial services provider’s stock valued at $198,000 after purchasing an additional 607 shares in the last quarter. Advocate Group LLC boosted its stake in shares of JPMorgan Chase & Co. by 48.7% during the 3rd quarter. Advocate Group LLC now owns 34,350 shares of the financial services provider’s stock valued at $4,981,000 after purchasing an additional 11,244 shares in the last quarter. Finally, Rempart Asset Management Inc. boosted its stake in shares of JPMorgan Chase & Co. by 0.7% during the 3rd quarter. Rempart Asset Management Inc. now owns 132,710 shares of the financial services provider’s stock valued at $19,246,000 after purchasing an additional 950 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Up 0.1 %

Shares of JPM stock opened at $193.50 on Friday. JPMorgan Chase & Co. has a 12 month low of $131.81 and a 12 month high of $200.94. The stock has a market cap of $555.75 billion, a P/E ratio of 11.68, a P/E/G ratio of 2.43 and a beta of 1.15. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The company has a 50 day simple moving average of $190.36 and a two-hundred day simple moving average of $170.57.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be issued a dividend of $1.15 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,810 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $323,917.60. Following the completion of the sale, the insider now directly owns 44,956 shares of the company’s stock, valued at $8,045,325.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,810 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $323,917.60. Following the completion of the transaction, the insider now directly owns 44,956 shares in the company, valued at $8,045,325.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,020,696 shares of company stock valued at $186,794,151. Insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on JPM. Bank of America lifted their target price on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. BMO Capital Markets cut their target price on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research note on Monday, April 15th. Keefe, Bruyette & Woods lifted their target price on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Royal Bank of Canada reissued an “outperform” rating and set a $185.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Finally, Oppenheimer dropped their price objective on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research note on Monday, April 15th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.