JPMorgan Chase & Co. $JPM Stock Position Increased by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 55.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,561 shares of the financial services provider’s stock after buying an additional 11,942 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 0.6% of Aaron Wealth Advisors LLC’s investment portfolio, making the stock its 24th largest position. Aaron Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $10,586,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after acquiring an additional 4,841 shares in the last quarter. Acorns Advisers LLC lifted its holdings in shares of JPMorgan Chase & Co. by 6.9% during the first quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock valued at $379,000 after purchasing an additional 100 shares during the last quarter. Waddell & Associates LLC boosted its position in shares of JPMorgan Chase & Co. by 5.5% in the 1st quarter. Waddell & Associates LLC now owns 11,877 shares of the financial services provider’s stock valued at $2,913,000 after purchasing an additional 617 shares during the period. Knuff & Co LLC increased its stake in JPMorgan Chase & Co. by 2.3% in the 1st quarter. Knuff & Co LLC now owns 2,369 shares of the financial services provider’s stock worth $581,000 after purchasing an additional 54 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in JPMorgan Chase & Co. by 4.7% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 666,789 shares of the financial services provider’s stock worth $163,563,000 after purchasing an additional 29,877 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $315.85 on Wednesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.86. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $322.88. The business’s 50-day moving average price is $307.15 and its two-hundred day moving average price is $297.62. The company has a market capitalization of $859.84 billion, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 1.66 and a beta of 1.08.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates of $4.83 by $0.24. The company had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $44.42 billion. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the business earned $4.37 EPS. Analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Tuesday, January 6th will be paid a $1.50 dividend. The ex-dividend date is Tuesday, January 6th. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. JPMorgan Chase & Co.’s payout ratio is 29.72%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on JPM shares. The Goldman Sachs Group decreased their target price on shares of JPMorgan Chase & Co. from $355.00 to $354.00 and set a “buy” rating for the company in a report on Friday, December 5th. Barclays upped their price target on shares of JPMorgan Chase & Co. from $330.00 to $342.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Dbs Bank upgraded shares of JPMorgan Chase & Co. to a “hold” rating in a research report on Tuesday, October 21st. Royal Bank Of Canada cut their target price on shares of JPMorgan Chase & Co. from $343.00 to $330.00 and set an “outperform” rating on the stock in a research note on Friday, December 12th. Finally, Wall Street Zen upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Fifteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $327.05.

Insider Activity at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 966 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $311.92, for a total transaction of $301,314.72. Following the transaction, the insider owned 58,479 shares in the company, valued at approximately $18,240,769.68. This trade represents a 1.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.47% of the stock is currently owned by company insiders.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.