Watershed Private Wealth LLC Has $744,000 Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Watershed Private Wealth LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 31.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,372 shares of the financial services provider’s stock after acquiring an additional 1,054 shares during the period. Watershed Private Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $744,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stone House Investment Management LLC grew its stake in shares of JPMorgan Chase & Co. by 132.8% in the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 89 shares during the last quarter. Bare Financial Services Inc acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth $35,000. Briaud Financial Planning Inc acquired a new stake in JPMorgan Chase & Co. during the third quarter worth $40,000. Stuart Chaussee & Associates Inc. acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth $40,000. Finally, Rakuten Securities Inc. acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth $44,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $201.51 on Wednesday. The stock has a 50-day simple moving average of $192.71 and a 200 day simple moving average of $174.77. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 12-month low of $133.96 and a 12-month high of $201.58. The stock has a market capitalization of $578.67 billion, a price-to-earnings ratio of 12.17, a P/E/G ratio of 2.45 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The business had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. On average, research analysts anticipate that JPMorgan Chase & Co. will post 16.21 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.28%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of recent research reports. UBS Group decreased their price target on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating on the stock in a research note on Tuesday, April 16th. Wells Fargo & Company lifted their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $185.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Jefferies Financial Group lifted their price target on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Finally, Evercore ISI lifted their price objective on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $192.05.

Get Our Latest Stock Report on JPM

Insider Buying and Selling

In related news, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, February 16th. The stock was 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 directly 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 through the SEC website. In related news, CEO Marianne Lake sold 11,734 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $200.02, for a total value of $2,347,034.68. Following the completion of the sale, the chief executive officer now directly owns 122,740 shares in the company, valued at $24,550,454.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, February 16th. The stock was 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 disclosure for this sale can be found here. Insiders sold a total of 1,078,240 shares of company stock worth $197,968,219 over the last three months. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Profile

(Free Report)

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.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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