BIP Wealth LLC Has $1.12 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

BIP Wealth LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 35.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,686 shares of the financial services provider’s stock after buying an additional 1,226 shares during the quarter. BIP Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $1,123,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of JPM. BNP Paribas grew its position in shares of JPMorgan Chase & Co. by 13.8% during the 4th quarter. BNP Paribas now owns 257,774 shares of the financial services provider’s stock worth $62,512,000 after buying an additional 31,211 shares during the period. Algert Global LLC grew its holdings in JPMorgan Chase & Co. by 11.8% during the 4th quarter. Algert Global LLC now owns 16,000 shares of the financial services provider’s stock worth $3,835,000 after acquiring an additional 1,690 shares during the period. Alteri Wealth LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $3,632,000. AmeriServ Wealth Advisors acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $494,000. Finally, Ancora Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 1.4% in the 4th quarter. Ancora Advisors LLC now owns 308,196 shares of the financial services provider’s stock worth $73,878,000 after purchasing an additional 4,125 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on JPM shares. Keefe, Bruyette & Woods increased their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Monday, April 28th. Barclays upped their target price on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. UBS Group increased their target price on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, April 17th. Finally, Baird R W upgraded shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus target price of $255.67.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the transaction, the insider now owns 50,377 shares in the company, valued at $13,606,323.93. This trade represents a 2.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $247.02, for a total value of $6,175,500.00. Following the sale, the chief executive officer now owns 133,381 shares of the company’s stock, valued at approximately $32,947,774.62. The trade was a 15.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,545 shares of company stock valued at $19,149,144. 0.47% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Up 2.3 %

JPMorgan Chase & Co. stock opened at $252.56 on Friday. The company’s 50-day moving average price is $238.97 and its two-hundred day moving average price is $244.72. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The stock has a market cap of $702.87 billion, a P/E ratio of 12.79, a P/E/G ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a twelve month low of $189.82 and a twelve month high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $45.30 billion during the quarter, compared to analysts’ expectations of $43.62 billion. During the same period last year, the firm posted $4.44 EPS. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 4th were paid a $1.40 dividend. The ex-dividend date of this dividend was Friday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a dividend yield of 2.22%. JPMorgan Chase & Co.’s dividend payout ratio is 27.49%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.