Pinnacle Wealth Planning Services Inc. Has $2.64 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Pinnacle Wealth Planning Services Inc. lowered its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 18,203 shares of the financial services provider’s stock after selling 83 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in JPMorgan Chase & Co. were worth $2,640,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPM. Valicenti Advisory Services Inc. boosted its stake in JPMorgan Chase & Co. by 2.9% in the third quarter. Valicenti Advisory Services Inc. now owns 79,891 shares of the financial services provider’s stock worth $11,586,000 after purchasing an additional 2,220 shares in the last quarter. Hilltop Holdings Inc. lifted its stake in shares of JPMorgan Chase & Co. by 4.4% during the second quarter. Hilltop Holdings Inc. now owns 34,079 shares of the financial services provider’s stock valued at $4,956,000 after acquiring an additional 1,439 shares during the period. Checchi Capital Advisers LLC lifted its stake in shares of JPMorgan Chase & Co. by 4.4% during the second quarter. Checchi Capital Advisers LLC now owns 39,447 shares of the financial services provider’s stock valued at $5,737,000 after acquiring an additional 1,652 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of JPMorgan Chase & Co. by 14.0% during the second quarter. Geneos Wealth Management Inc. now owns 50,991 shares of the financial services provider’s stock valued at $7,416,000 after acquiring an additional 6,264 shares during the period. Finally, Joseph Group Capital Management lifted its stake in shares of JPMorgan Chase & Co. by 7.6% during the second quarter. Joseph Group Capital Management now owns 12,958 shares of the financial services provider’s stock valued at $1,885,000 after acquiring an additional 916 shares during the period. Institutional investors and hedge funds own 68.94% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $175.00 on Wednesday. The stock has a 50 day moving average price of $167.49 and a 200 day moving average price of $154.91. JPMorgan Chase & Co. has a 52 week low of $123.11 and a 52 week high of $178.30. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.90 and a current ratio of 0.91. The stock has a market capitalization of $503.42 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 2.20 and a beta of 1.14.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The company had revenue of $38.57 billion for the quarter, compared to the consensus estimate of $39.73 billion. During the same quarter last year, the business earned $3.57 EPS. JPMorgan Chase & Co.’s revenue was up 11.7% on a year-over-year basis. Analysts predict that JPMorgan Chase & Co. will post 15.85 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Thursday, January 4th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is 25.89%.

Analyst Ratings Changes

JPM has been the topic of several research reports. Odeon Capital Group lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a research note on Thursday, November 2nd. Morgan Stanley upped their price target on JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Jefferies Financial Group dropped their price objective on JPMorgan Chase & Co. from $176.00 to $169.00 in a report on Tuesday, October 10th. Oppenheimer upped their price objective on JPMorgan Chase & Co. from $232.00 to $238.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th. Finally, Barclays upped their price objective on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $179.11.

Get Our Latest Analysis on JPMorgan Chase & Co.

Insider Activity

In related news, CEO Marianne Lake sold 32,243 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $160.00, for a total value of $5,158,880.00. Following the completion of the sale, the chief executive officer now directly owns 131,962 shares of the company’s stock, valued at approximately $21,113,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,812 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $166.65, for a total transaction of $301,969.80. Following the completion of the sale, the insider now directly owns 46,766 shares of the company’s stock, valued at approximately $7,793,553.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Marianne Lake sold 32,243 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $160.00, for a total value of $5,158,880.00. Following the sale, the chief executive officer now directly owns 131,962 shares of the company’s stock, valued at $21,113,920. The disclosure for this sale can be found here. Insiders have sold 39,072 shares of company stock valued at $6,297,103 in the last ninety days. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Company 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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.

Further Reading

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMFree Report).

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

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