McKinley Carter Wealth Services Inc. Purchases 2,419 Shares of JPMorgan Chase & Co. (NYSE:JPM)

McKinley Carter Wealth Services Inc. increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 9.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 27,117 shares of the financial services provider’s stock after buying an additional 2,419 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in JPMorgan Chase & Co. were worth $3,636,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in JPMorgan Chase & Co. by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock worth $28,480,408,000 after purchasing an additional 2,918,554 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of JPMorgan Chase & Co. by 5.3% in the third quarter. Dimensional Fund Advisors LP now owns 21,084,558 shares of the financial services provider’s stock worth $2,203,621,000 after buying an additional 1,058,790 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in JPMorgan Chase & Co. by 4.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 18,607,661 shares of the financial services provider’s stock valued at $2,536,598,000 after buying an additional 805,196 shares during the last quarter. Nuveen Asset Management LLC boosted its position in JPMorgan Chase & Co. by 0.7% during the 3rd quarter. Nuveen Asset Management LLC now owns 15,606,783 shares of the financial services provider’s stock valued at $1,630,909,000 after buying an additional 102,242 shares during the period. Finally, Boston Partners grew its holdings in JPMorgan Chase & Co. by 28.4% in the 3rd quarter. Boston Partners now owns 10,063,918 shares of the financial services provider’s stock worth $1,061,182,000 after acquiring an additional 2,227,785 shares during the last quarter. Hedge funds and other institutional investors own 67.89% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on JPM shares. Credit Suisse Group increased their target price on shares of JPMorgan Chase & Co. from $155.00 to $160.00 in a report on Tuesday, April 18th. Citigroup lifted their price objective on JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday, January 17th. Bank of America raised their price target on JPMorgan Chase & Co. from $152.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, April 17th. Barclays decreased their price objective on shares of JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating for the company in a report on Wednesday, April 12th. Finally, Evercore ISI cut their target price on shares of JPMorgan Chase & Co. from $157.00 to $146.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 5th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average price target of $155.00.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $136.48 on Thursday. The firm has a 50-day moving average of $133.68 and a two-hundred day moving average of $134.84. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.85 and a quick ratio of 0.85. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $144.34. The stock has a market cap of $398.83 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 1.91 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.69. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The firm had revenue of $38.35 billion during the quarter, compared to the consensus estimate of $35.77 billion. During the same period in the previous year, the company posted $2.63 earnings per share. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. On average, research analysts forecast that JPMorgan Chase & Co. will post 14.33 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend was Wednesday, April 5th. JPMorgan Chase & Co.’s payout ratio is 29.52%.

About JPMorgan Chase & Co.

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JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.