Benjamin Edwards Inc. Increases Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Benjamin Edwards Inc. raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,710 shares of the financial services provider’s stock after buying an additional 1,232 shares during the period. JPMorgan Chase & Co. comprises approximately 1.0% of Benjamin Edwards Inc.’s holdings, making the stock its 15th largest position. Benjamin Edwards Inc.’s holdings in JPMorgan Chase & Co. were worth $4,373,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Beach Investment Counsel Inc. PA increased its stake in shares of JPMorgan Chase & Co. by 3.1% in the 3rd quarter. Beach Investment Counsel Inc. PA now owns 111,052 shares of the financial services provider’s stock worth $16,105,000 after purchasing an additional 3,313 shares in the last quarter. Simon Quick Advisors LLC increased its stake in JPMorgan Chase & Co. by 16.6% in the 3rd quarter. Simon Quick Advisors LLC now owns 19,333 shares of the financial services provider’s stock worth $2,804,000 after buying an additional 2,750 shares in the last quarter. Foster & Motley Inc. increased its stake in JPMorgan Chase & Co. by 9.0% in the 3rd quarter. Foster & Motley Inc. now owns 68,207 shares of the financial services provider’s stock worth $9,891,000 after buying an additional 5,608 shares in the last quarter. Sippican Capital Advisors increased its stake in JPMorgan Chase & Co. by 3.1% in the 3rd quarter. Sippican Capital Advisors now owns 7,018 shares of the financial services provider’s stock worth $1,018,000 after buying an additional 210 shares in the last quarter. Finally, VeraBank N.A. increased its stake in JPMorgan Chase & Co. by 0.4% in the 3rd quarter. VeraBank N.A. now owns 21,697 shares of the financial services provider’s stock worth $3,146,000 after buying an additional 80 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $185.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Oppenheimer cut their price target on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research note on Monday, April 15th. Jefferies Financial Group increased their price target on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Keefe, Bruyette & Woods increased their price target on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. Finally, UBS Group cut their price objective on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $192.05.

Insiders Place Their Bets

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 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 legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Jennifer Piepszak sold 1,648 shares of the firm’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 $294,926.08. Following the transaction, the chief executive officer now directly owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Ashley Bacon sold 3,368 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $179.00, for a total transaction of $602,872.00. Following the transaction, the insider now directly owns 202,093 shares in the company, valued at $36,174,647. The disclosure for this sale can be found here. Insiders sold a total of 1,063,506 shares of company stock valued at $195,024,605 over the last 90 days. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Up 2.0 %

Shares of NYSE:JPM opened at $195.63 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 12 month low of $133.13 and a 12 month high of $200.94. The company has a 50-day moving average price of $191.74 and a 200 day moving average price of $173.16. The company has a market cap of $561.78 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 2.38 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.45. The business had revenue of $41.93 billion during the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 15.98 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were paid a $1.15 dividend. The ex-dividend date was Thursday, April 4th. This represents a $4.60 annualized dividend and a yield of 2.35%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

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.