NewEdge Wealth LLC Grows Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

NewEdge Wealth LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 10.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 232,926 shares of the financial services provider’s stock after purchasing an additional 22,264 shares during the period. JPMorgan Chase & Co. accounts for 1.1% of NewEdge Wealth LLC’s portfolio, making the stock its 15th biggest position. NewEdge Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $33,779,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of JPM. Macroview Investment Management LLC grew its position in JPMorgan Chase & Co. by 7,833.3% in the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after buying an additional 235 shares in the last quarter. Briaud Financial Planning Inc bought a new position in JPMorgan Chase & Co. in the 3rd quarter valued at about $40,000. FSC Wealth Advisors LLC grew its position in JPMorgan Chase & Co. by 290.9% in the 3rd quarter. FSC Wealth Advisors LLC now owns 387 shares of the financial services provider’s stock valued at $56,000 after buying an additional 288 shares in the last quarter. Legacy Financial Group LLC bought a new position in JPMorgan Chase & Co. in the 3rd quarter valued at about $58,000. Finally, Robbins Farley grew its position in JPMorgan Chase & Co. by 29.5% in the 3rd quarter. Robbins Farley now owns 421 shares of the financial services provider’s stock valued at $61,000 after buying an additional 96 shares in the last quarter. Institutional investors own 68.94% of the company’s stock.

Insider Activity

In other news, Vice Chairman Peter Scher sold 1,812 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total value of $301,969.80. Following the transaction, the insider now owns 46,766 shares of the company’s stock, valued at $7,793,553.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Ashley Bacon sold 3,368 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total transaction of $561,546.64. Following the transaction, the insider now owns 205,461 shares of the company’s stock, valued at $34,256,512.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Peter Scher sold 1,812 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 46,766 shares in the company, valued at approximately $7,793,553.90. The disclosure for this sale can be found here. Insiders have sold a total of 39,072 shares of company stock valued at $6,297,103 over the last 90 days. 0.79% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

JPM has been the subject of a number of recent analyst reports. Morgan Stanley increased their target price on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. BMO Capital Markets raised their price objective on shares of JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a research report on Tuesday, January 16th. Odeon Capital Group lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price objective for the company. in a research report on Thursday, November 2nd. The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their target price for the stock from $140.00 to $190.00 in a report on Tuesday, January 9th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $179.11.

Read Our Latest Stock Report on JPMorgan Chase & Co.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $174.80 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $502.84 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 2.21 and a beta of 1.14. The company has a 50 day moving average price of $168.29 and a two-hundred day moving average price of $155.19. JPMorgan Chase & Co. has a 12-month low of $123.11 and a 12-month high of $178.30.

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

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Thursday, January 4th were given 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 was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is 25.89%.

JPMorgan Chase & Co. 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.

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

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