J.W. Cole Advisors Inc. Boosts Position in JPMorgan Chase & Co. (NYSE:JPM)

J.W. Cole Advisors Inc. grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 11.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,898 shares of the financial services provider’s stock after buying an additional 3,917 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $6,617,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Columbia Trust Co 01012016 boosted its stake in shares of JPMorgan Chase & Co. by 0.6% in the third quarter. Columbia Trust Co 01012016 now owns 21,760 shares of the financial services provider’s stock worth $3,156,000 after acquiring an additional 134 shares during the period. H&H Retirement Design & Management INC bought a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at approximately $386,000. Impact Partnership Wealth LLC lifted its stake in shares of JPMorgan Chase & Co. by 79.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 1,368 shares of the financial services provider’s stock valued at $198,000 after purchasing an additional 607 shares during the last quarter. Advocate Group LLC lifted its stake in shares of JPMorgan Chase & Co. by 48.7% in the 3rd quarter. Advocate Group LLC now owns 34,350 shares of the financial services provider’s stock valued at $4,981,000 after purchasing an additional 11,244 shares during the last quarter. Finally, Rempart Asset Management Inc. lifted its stake in shares of JPMorgan Chase & Co. by 0.7% in the 3rd quarter. Rempart Asset Management Inc. now owns 132,710 shares of the financial services provider’s stock valued at $19,246,000 after purchasing an additional 950 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Morgan Stanley reduced their price target on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Piper Sandler cut their price target on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. BMO Capital Markets lowered their price objective on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research report on Monday, April 15th. Keefe, Bruyette & Woods raised their price objective on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Finally, Bank of America lifted their price objective on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $192.05.

JPMorgan Chase & Co. Stock Up 0.1 %

JPMorgan Chase & Co. stock opened at $193.50 on Friday. The firm has a market capitalization of $555.75 billion, a P/E ratio of 11.68, a P/E/G ratio of 2.43 and a beta of 1.15. The stock’s fifty day simple moving average is $190.36 and its 200-day simple moving average is $170.57. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a twelve month low of $131.81 and a twelve month high of $200.94.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be paid 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 dividend yield of 2.38%. JPMorgan Chase & Co.’s dividend payout ratio is 27.78%.

Insider Transactions at JPMorgan Chase & Co.

In related news, Vice Chairman Peter Scher sold 1,810 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $323,917.60. Following the completion of the sale, the insider now owns 44,956 shares in the company, valued at $8,045,325.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,810 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $323,917.60. Following the completion of the transaction, the insider now directly owns 44,956 shares of the company’s stock, valued at $8,045,325.76. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the transaction, the chief executive officer now directly owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,020,696 shares of company stock worth $186,794,151. Company insiders own 0.79% of the company’s stock.

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.