Northwest Financial Advisors Makes New Investment in JPMorgan Chase & Co. (NYSE:JPM)

Northwest Financial Advisors bought a new stake in JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,286 shares of the financial services provider’s stock, valued at approximately $899,000. JPMorgan Chase & Co. makes up approximately 0.8% of Northwest Financial Advisors’ holdings, making the stock its 23rd biggest holding.

A number of other institutional investors have also made changes to their positions in JPM. Stone House Investment Management LLC boosted its position in JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after buying an additional 89 shares during the last quarter. Bare Financial Services Inc acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $35,000. Briaud Financial Planning Inc bought a new position in JPMorgan Chase & Co. in the third quarter valued at about $40,000. Stuart Chaussee & Associates Inc. bought a new position in JPMorgan Chase & Co. in the fourth quarter valued at about $40,000. Finally, Rakuten Securities Inc. acquired a new stake in JPMorgan Chase & Co. in the fourth quarter worth about $44,000. 71.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on JPM. Royal Bank of Canada restated an “outperform” rating and set a $185.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. BMO Capital Markets reduced their price objective 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. Morgan Stanley dropped their target price on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Evercore ISI raised their price target on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $192.05.

View Our Latest Research Report on JPM

JPMorgan Chase & Co. Trading Up 0.3 %

Shares of NYSE:JPM opened at $202.16 on Thursday. The firm has a market cap of $580.54 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 2.45 and a beta of 1.13. 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 $202.69. The company’s fifty day simple moving average is $193.22 and its 200 day simple moving average is $175.42.

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

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were paid 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 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend was Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.78%.

Insider Activity

In related news, CEO James Dimon sold 821,778 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the completion of the transaction, the chief executive officer now owns 595,316 shares in the company, valued at $108,782,092.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, General Counsel Stacey Friedman sold 6,030 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the transaction, the general counsel now directly owns 59,456 shares in the company, valued at $10,864,394.88. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO James Dimon sold 821,778 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the completion of the transaction, the chief executive officer now directly owns 595,316 shares of the company’s stock, valued at approximately $108,782,092.68. The disclosure for this sale can be found here. Insiders have sold 1,078,240 shares of company stock worth $197,968,219 over the last ninety days. Insiders own 0.79% of the company’s stock.

About JPMorgan Chase & Co.

(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.

See Also

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

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