JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Lowe Wealth Advisors LLC

Lowe Wealth Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 34.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 201 shares of the financial services provider’s stock after purchasing an additional 51 shares during the quarter. Lowe Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $48,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of JPM. HBW Advisory Services LLC lifted its position in shares of JPMorgan Chase & Co. by 10.6% during the fourth quarter. HBW Advisory Services LLC now owns 4,925 shares of the financial services provider’s stock worth $1,181,000 after purchasing an additional 473 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in JPMorgan Chase & Co. by 2.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 60,290 shares of the financial services provider’s stock valued at $14,452,000 after buying an additional 1,429 shares in the last quarter. ST Germain D J Co. Inc. grew its position in shares of JPMorgan Chase & Co. by 0.7% in the 4th quarter. ST Germain D J Co. Inc. now owns 192,444 shares of the financial services provider’s stock worth $46,131,000 after acquiring an additional 1,282 shares in the last quarter. Baker Tilly Wealth Management LLC grew its position in shares of JPMorgan Chase & Co. by 4.2% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 11,285 shares of the financial services provider’s stock worth $2,705,000 after acquiring an additional 459 shares in the last quarter. Finally, Fortitude Family Office LLC increased its holdings in shares of JPMorgan Chase & Co. by 15.5% in the 4th quarter. Fortitude Family Office LLC now owns 12,004 shares of the financial services provider’s stock valued at $2,877,000 after acquiring an additional 1,615 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on JPM shares. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective for the company. in a report on Thursday, November 7th. Bank of America lifted their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a research note on Friday, January 3rd. Barclays lifted their target price on JPMorgan Chase & Co. from $257.00 to $304.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Keefe, Bruyette & Woods increased their price target on JPMorgan Chase & Co. from $216.00 to $254.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus price target of $245.83.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM traded down $3.11 during trading on Friday, reaching $240.02. The company had a trading volume of 10,108,954 shares, compared to its average volume of 8,912,971. The firm’s fifty day moving average is $241.25 and its 200 day moving average is $222.25. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $675.74 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. JPMorgan Chase & Co. has a twelve month low of $164.30 and a twelve month high of $254.31.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 billion. During the same period last year, the company posted $4.33 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 annualized dividend and a dividend yield of 2.08%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.82%.

JPMorgan Chase & Co. 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.