1,449 Shares in JPMorgan Chase & Co. (NYSE:JPM) Purchased by Silverberg Bernstein Capital Management LLC

Silverberg Bernstein Capital Management LLC bought a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 1,449 shares of the financial services provider’s stock, valued at approximately $246,000.

A number of other hedge funds have also made changes to their positions in JPM. Twin Peaks Wealth Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $325,000. Sterling Financial Group Inc. increased its position in JPMorgan Chase & Co. by 17.1% in the 4th quarter. Sterling Financial Group Inc. now owns 1,659 shares of the financial services provider’s stock valued at $282,000 after acquiring an additional 242 shares in the last quarter. New Millennium Group LLC increased its position in JPMorgan Chase & Co. by 2,453.9% in the 4th quarter. New Millennium Group LLC now owns 9,092 shares of the financial services provider’s stock valued at $1,547,000 after acquiring an additional 8,736 shares in the last quarter. Acorn Financial Advisory Services Inc. ADV increased its position in JPMorgan Chase & Co. by 13.1% in the 4th quarter. Acorn Financial Advisory Services Inc. ADV now owns 2,488 shares of the financial services provider’s stock valued at $424,000 after acquiring an additional 288 shares in the last quarter. Finally, Riversedge Advisors LLC increased its position in JPMorgan Chase & Co. by 16.6% in the 4th quarter. Riversedge Advisors LLC now owns 1,982 shares of the financial services provider’s stock valued at $337,000 after acquiring an additional 282 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jennifer Piepszak sold 1,649 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total transaction of $274,706.91. Following the completion of the transaction, the chief executive officer now owns 34,467 shares in the company, valued at $5,741,857.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Jennifer Piepszak sold 1,649 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total transaction of $274,706.91. Following the completion of the transaction, the chief executive officer now owns 34,467 shares in the company, valued at $5,741,857.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Peter Scher sold 1,812 shares of the 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 owns 46,766 shares of the company’s stock, valued at approximately $7,793,553.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 849,303 shares of company stock worth $155,107,447. 0.79% of the stock is owned by insiders.

Analyst Ratings Changes

JPM has been the subject of several research reports. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price objective for the company from $140.00 to $190.00 in a research report on Tuesday, January 9th. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Oppenheimer lowered their price target on shares of JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating for the company in a research report on Tuesday, March 19th. BMO Capital Markets lifted 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, Morgan Stanley lifted their price target on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $181.63.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $199.52 on Thursday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.91 and a current ratio of 0.91. JPMorgan Chase & Co. has a twelve month low of $126.22 and a twelve month high of $200.48. The firm’s 50 day moving average price is $181.58 and its two-hundred day moving average price is $163.37. The firm has a market cap of $574.69 billion, a P/E ratio of 12.30, a PEG ratio of 2.46 and a beta of 1.14.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share 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 company had revenue of $38.57 billion during the quarter, compared to the consensus estimate of $39.73 billion. During the same period in the previous year, the firm posted $3.57 EPS. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, analysts forecast that JPMorgan Chase & Co. will post 15.84 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be issued a dividend of $1.15 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date is Thursday, April 4th. This represents a $4.60 annualized dividend and a yield of 2.31%. JPMorgan Chase & Co.’s dividend payout ratio is presently 28.36%.

JPMorgan Chase & Co. Company Profile

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; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.