JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 221,342 shares of the financial services provider’s stock after purchasing an additional 3,666 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $32,099,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. JSF Financial LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.6% during the 2nd quarter. JSF Financial LLC now owns 10,680 shares of the financial services provider’s stock worth $1,553,000 after buying an additional 65 shares during the last quarter. Red Wave Investments LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.4% during the 2nd quarter. Red Wave Investments LLC now owns 4,719 shares of the financial services provider’s stock worth $686,000 after buying an additional 65 shares during the last quarter. Riverview Capital Advisers LLC increased its holdings in shares of JPMorgan Chase & Co. by 4.2% during the 2nd quarter. Riverview Capital Advisers LLC now owns 1,654 shares of the financial services provider’s stock worth $241,000 after buying an additional 66 shares during the last quarter. Carmel Capital Partners LLC increased its holdings in shares of JPMorgan Chase & Co. by 2.8% during the 2nd quarter. Carmel Capital Partners LLC now owns 2,434 shares of the financial services provider’s stock worth $354,000 after buying an additional 67 shares during the last quarter. Finally, Orca Investment Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.8% during the 2nd quarter. Orca Investment Management LLC now owns 8,294 shares of the financial services provider’s stock worth $1,206,000 after buying an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of research analyst reports. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Odeon Capital Group downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price objective for the company. in a report on Thursday, November 2nd. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price objective for the stock from $140.00 to $190.00 in a report on Tuesday, January 9th. BMO Capital Markets upped their price target on shares of JPMorgan Chase & Co. from $192.00 to $194.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 16th. Finally, Bank of America upped their price target on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, January 4th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $179.11.

Check Out Our Latest Stock Analysis on JPMorgan Chase & Co.

JPMorgan Chase & Co. Stock Up 0.1 %

NYSE:JPM opened at $174.96 on Friday. The company has a market capitalization of $503.30 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 2.21 and a beta of 1.14. JPMorgan Chase & Co. has a one year low of $123.11 and a one year high of $178.30. The stock has a 50-day simple moving average of $168.65 and a 200 day simple moving average of $155.31. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.90 and a current ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last issued 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 return on equity of 17.80% and a net margin of 20.70%. The business had revenue of $38.57 billion during the quarter, compared to the consensus estimate of $39.73 billion. During the same period in the prior year, the business earned $3.57 EPS. The business’s revenue was up 11.7% on a year-over-year basis. Sell-side analysts predict that JPMorgan Chase & Co. will post 15.87 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

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

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, CEO Marianne Lake sold 32,243 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $160.00, for a total value of $5,158,880.00. Following the transaction, the chief executive officer now owns 131,962 shares of the company’s stock, valued at $21,113,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Jennifer Piepszak sold 1,649 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $166.59, for a total transaction of $274,706.91. Following the sale, the chief executive officer now owns 34,467 shares of the company’s stock, valued at $5,741,857.53. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Marianne Lake sold 32,243 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, December 12th. The shares were 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 in the company, valued at approximately $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 over the last quarter. Insiders own 0.79% of the company’s stock.

About JPMorgan Chase & Co.

(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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