Rainsberger Wealth Advisors Inc. raised its stake in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,570 shares of the financial services provider’s stock after purchasing an additional 110 shares during the quarter. Rainsberger Wealth Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $1,798,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of the stock. Macroview Investment Management LLC lifted its stake in JPMorgan Chase & Co. by 7,833.3% during the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 235 shares in the last quarter. Briaud Financial Planning Inc purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at about $40,000. FSC Wealth Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 290.9% during the third quarter. FSC Wealth Advisors LLC now owns 387 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 288 shares in the last quarter. Legacy Financial Group LLC purchased a new position in JPMorgan Chase & Co. during the third quarter worth 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 worth $61,000 after purchasing an additional 96 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.
Insider Transactions at JPMorgan Chase & Co.
In related news, insider Ashley Bacon sold 3,368 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $179.00, for a total transaction of $602,872.00. Following the completion of the transaction, the insider now owns 202,093 shares of the company’s stock, valued at $36,174,647. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. stock in a transaction on Friday, February 16th. The stock was sold at an average price of $179.00, for a total transaction of $602,872.00. Following the completion of the sale, the insider now owns 202,093 shares of the company’s stock, valued at $36,174,647. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Stacey Friedman sold 6,030 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $1,101,861.90. Following the transaction, the general counsel now owns 59,456 shares of the company’s stock, valued at $10,864,394.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,020,696 shares of company stock valued at $186,794,151. 0.79% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
View Our Latest Research Report on JPMorgan Chase & Co.
JPMorgan Chase & Co. Trading Up 0.1 %
Shares of JPM stock opened at $182.90 on Tuesday. The stock has a market capitalization of $525.31 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 2.32 and a beta of 1.15. The company’s fifty day simple moving average is $188.28 and its two-hundred day simple moving average is $168.17. JPMorgan Chase & Co. has a 1 year low of $131.81 and a 1 year high of $200.94. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.91.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last announced its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share for the quarter, missing the consensus estimate of $3.73 by ($0.69). The company had revenue of $38.57 billion during the quarter, compared to analysts’ expectations of $39.73 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. JPMorgan Chase & Co.’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.57 earnings per share. As a group, analysts anticipate that JPMorgan Chase & Co. will post 15.78 earnings per share for the current year.
JPMorgan Chase & Co. Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be given a dividend of $1.15 per share. The ex-dividend date is Thursday, April 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 2.52%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.
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.
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