D. Scott Neal Inc. Takes $231,000 Position in JPMorgan Chase & Co. (NYSE:JPM)

D. Scott Neal Inc. purchased a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 1,360 shares of the financial services provider’s stock, valued at approximately $231,000.

A number of other institutional investors and hedge funds have also modified their holdings of JPM. Moneta Group Investment Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 105,652.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock valued at $13,141,876,000 after buying an additional 97,907,897 shares in the last quarter. Norges Bank purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at about $3,894,646,000. Morgan Stanley grew its stake in JPMorgan Chase & Co. by 15.9% in the fourth quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock valued at $7,918,506,000 after purchasing an additional 8,088,433 shares in the last quarter. Wellington Management Group LLP grew its stake in JPMorgan Chase & Co. by 12.2% in the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock valued at $6,151,997,000 after purchasing an additional 4,603,090 shares in the last quarter. Finally, Barclays PLC grew its stake in JPMorgan Chase & Co. by 51.6% in the second quarter. Barclays PLC now owns 8,422,975 shares of the financial services provider’s stock valued at $1,225,037,000 after purchasing an additional 2,868,091 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on JPM shares. BMO Capital Markets boosted their target price on JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a research note on Tuesday, January 16th. Barclays boosted their price target on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Oppenheimer reduced their price target on 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. Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price target for the stock from $140.00 to $190.00 in a research report on Tuesday, January 9th. Finally, Wells Fargo & Company boosted their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.63.

Insiders Place Their Bets

In other news, 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 value 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, 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 value 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ashley Bacon sold 3,368 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total value of $561,546.64. Following the completion of the transaction, the insider now directly owns 205,461 shares in the company, valued at approximately $34,256,512.53. The disclosure for this sale can be found here. In the last quarter, insiders have sold 849,303 shares of company stock valued at $155,107,447. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Trading Up 1.9 %

JPM stock opened at $199.52 on Thursday. JPMorgan Chase & Co. has a 1-year low of $126.22 and a 1-year high of $200.48. The firm has a market cap of $574.69 billion, a P/E ratio of 12.30, a P/E/G ratio of 2.46 and a beta of 1.14. The business’s 50 day moving average is $181.58 and its 200-day moving average is $163.37. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.30.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data 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 firm had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. During the same period in the prior year, the company posted $3.57 EPS. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities analysts anticipate that JPMorgan Chase & Co. will post 15.84 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be issued a dividend of $1.15 per share. This is an increase 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 currently 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.