PDS Planning Inc Has $6.49 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

PDS Planning Inc raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,162 shares of the financial services provider’s stock after purchasing an additional 840 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.7% of PDS Planning Inc’s holdings, making the stock its 27th biggest holding. PDS Planning Inc’s holdings in JPMorgan Chase & Co. were worth $6,491,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Aspire Private Capital LLC boosted its position in shares of JPMorgan Chase & Co. by 715.0% in the 4th quarter. Aspire Private Capital LLC now owns 3,806 shares of the financial services provider’s stock worth $647,000 after purchasing an additional 3,339 shares during the last quarter. Gimbal Financial acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at about $302,000. Garrison Asset Management LLC boosted its holdings in JPMorgan Chase & Co. by 30.7% during the fourth quarter. Garrison Asset Management LLC now owns 2,560 shares of the financial services provider’s stock worth $435,000 after buying an additional 601 shares during the last quarter. Scott & Selber Inc. increased its stake in shares of JPMorgan Chase & Co. by 2.2% in the 4th quarter. Scott & Selber Inc. now owns 26,387 shares of the financial services provider’s stock valued at $4,488,000 after acquiring an additional 579 shares during the last quarter. Finally, RWA Wealth Partners LLC raised its position in shares of JPMorgan Chase & Co. by 142.4% in the 4th quarter. RWA Wealth Partners LLC now owns 425,779 shares of the financial services provider’s stock valued at $72,425,000 after acquiring an additional 250,105 shares during the period. Institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on JPM. Morgan Stanley decreased their price objective 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, April 15th. Oppenheimer lowered their price objective on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research report on Monday, April 15th. The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Barclays increased their price target on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Finally, Keefe, Bruyette & Woods lifted their price objective on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $192.05.

JPMorgan Chase & Co. Stock Down 0.1 %

JPM opened at $193.30 on Tuesday. 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 stock’s fifty day simple moving average is $190.64 and its 200 day simple moving average is $171.25. JPMorgan Chase & Co. has a 1-year low of $131.81 and a 1-year high of $200.94. The stock has a market cap of $555.17 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 2.43 and a beta of 1.15.

JPMorgan Chase & Co. Increases Dividend

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

Insider Activity at JPMorgan Chase & Co.

In other news, CEO Jennifer Piepszak sold 1,648 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the sale, 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 is available at this hyperlink. In other news, CEO Jennifer Piepszak sold 1,648 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $294,926.08. Following the completion of the sale, the chief executive officer now owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were 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 in the company, valued at $12,656,006.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,020,696 shares of company stock worth $186,794,151. Insiders own 0.79% of the company’s stock.

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.