Northwest Wealth Management LLC Has $860,000 Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Northwest Wealth Management LLC lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.4% in the third quarter, Holdings Channel reports. The institutional investor owned 8,233 shares of the financial services provider’s stock after acquiring an additional 640 shares during the period. Northwest Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $860,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. HBC Financial Services PLLC lifted its holdings in shares of JPMorgan Chase & Co. by 61.2% during the second quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock worth $27,000 after buying an additional 90 shares in the last quarter. Grayhawk Investment Strategies Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the second quarter worth $32,000. Financial Connections Group Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 48.5% during the second quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock worth $34,000 after buying an additional 100 shares in the last quarter. Horizons Wealth Management acquired a new position in JPMorgan Chase & Co. in the second quarter valued at about $39,000. Finally, New Millennium Group LLC acquired a new position in JPMorgan Chase & Co. in the second quarter valued at about $39,000. Institutional investors and hedge funds own 67.89% of the company’s stock.

Insider Buying and Selling

In related news, Vice Chairman Peter Scher sold 1,310 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total value of $163,776.20. Following the transaction, the insider now directly owns 34,973 shares of the company’s stock, valued at $4,372,324.46. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Vice Chairman Peter Scher sold 1,310 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total value of $163,776.20. Following the transaction, the insider now directly owns 34,973 shares of the company’s stock, valued at $4,372,324.46. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robin Leopold sold 2,000 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.07, for a total value of $250,140.00. Following the completion of the transaction, the insider now directly owns 19,031 shares in the company, valued at $2,380,207.17. The disclosure for this sale can be found here. Insiders have sold a total of 41,964 shares of company stock valued at $4,936,426 over the last ninety days. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $143.01 on Friday. The stock has a market cap of $419.48 billion, a P/E ratio of 12.08, a price-to-earnings-growth ratio of 2.18 and a beta of 1.13. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.13. The stock’s 50-day moving average is $134.06 and its 200-day moving average is $121.87. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $161.03.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.14 by $0.43. The company had revenue of $34.55 billion for the quarter, compared to analysts’ expectations of $34.23 billion. JPMorgan Chase & Co. had a return on equity of 14.52% and a net margin of 26.85%. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the business posted $3.33 earnings per share. Equities research analysts anticipate that JPMorgan Chase & Co. will post 11.69 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Thursday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 33.78%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Oppenheimer dropped their price target on JPMorgan Chase & Co. from $174.00 to $169.00 and set an “outperform” rating for the company in a research note on Wednesday, December 28th. UBS Group set a $156.00 price target on JPMorgan Chase & Co. in a research note on Friday. Deutsche Bank Aktiengesellschaft downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and dropped their price target for the company from $155.00 to $145.00 in a research note on Friday, January 6th. BMO Capital Markets boosted their price target on JPMorgan Chase & Co. from $149.00 to $158.00 and gave the company a “market perform” rating in a research note on Monday, October 17th. Finally, Morgan Stanley raised JPMorgan Chase & Co. from an “underweight” rating to an “overweight” rating and boosted their price target for the company from $126.00 to $153.00 in a research note on Tuesday, December 6th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $145.17.

About JPMorgan Chase & Co.

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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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

Further Reading

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

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