Alliance Wealth Management Group Purchases New Position in JPMorgan Chase & Co. (NYSE:JPM)

Alliance Wealth Management Group acquired a new stake in JPMorgan Chase & Co. (NYSE:JPM) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,991 shares of the financial services provider’s stock, valued at approximately $849,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Forum Private Client Group LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $769,000. Foster Victor Wealth Advisors LLC increased its stake in JPMorgan Chase & Co. by 2.8% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 7,561 shares of the financial services provider’s stock valued at $1,301,000 after buying an additional 203 shares during the last quarter. Wells Trecaso Financial Group LLC increased its stake in JPMorgan Chase & Co. by 0.3% in the 4th quarter. Wells Trecaso Financial Group LLC now owns 64,544 shares of the financial services provider’s stock valued at $10,979,000 after buying an additional 164 shares during the last quarter. Mirador Capital Partners LP increased its stake in shares of JPMorgan Chase & Co. by 0.9% during the 4th quarter. Mirador Capital Partners LP now owns 51,276 shares of the financial services provider’s stock worth $8,722,000 after purchasing an additional 475 shares during the last quarter. Finally, Strategic Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.0% in the 4th quarter. Strategic Advisors LLC now owns 44,359 shares of the financial services provider’s stock worth $7,546,000 after purchasing an additional 445 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.3 %

Shares of NYSE:JPM opened at $198.29 on Thursday. JPMorgan Chase & Co. has a 52-week low of $126.22 and a 52-week high of $200.94. The firm has a fifty day moving average of $185.21 and a 200 day moving average of $165.45. The firm has a market capitalization of $571.15 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 2.53 and a beta of 1.15. 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. (NYSE:JPM) last announced its earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $39.73 billion. During the same quarter last year, the firm posted $3.57 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 15.75 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be given a $1.15 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a yield of 2.32%. JPMorgan Chase & Co.’s payout ratio is 25.89%.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,649 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 34,467 shares in the company, valued at $5,741,857.53. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total transaction of $561,546.64. Following the completion of the sale, the insider now directly owns 205,461 shares in the company, valued at $34,256,512.53. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jennifer Piepszak sold 1,649 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 849,303 shares of company stock worth $155,107,447. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on JPM shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a 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 on the stock in a report on Tuesday, March 19th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $185.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Wells Fargo & Company lifted their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Finally, 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 report on Tuesday, January 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $181.63.

About JPMorgan Chase & Co.

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.