JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Aprio Wealth Management LLC

Aprio Wealth Management LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,685 shares of the financial services provider’s stock after buying an additional 446 shares during the period. Aprio Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,137,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JPM. Sage Financial Management Group Inc. acquired a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $304,000. Sendero Wealth Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 1.1% in the fourth quarter. Sendero Wealth Management LLC now owns 5,811 shares of the financial services provider’s stock worth $988,000 after acquiring an additional 62 shares during the last quarter. Connective Portfolio Management LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $2,225,000. Invera Wealth Advisors LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at $4,734,000. Finally, Bill Few Associates Inc. raised its stake in JPMorgan Chase & Co. by 0.9% in the 4th quarter. Bill Few Associates Inc. now owns 33,909 shares of the financial services provider’s stock valued at $5,768,000 after purchasing an additional 311 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 research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their target price for the stock from $140.00 to $190.00 in a report on Tuesday, January 9th. Royal Bank of Canada restated an “outperform” rating and issued a $185.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Barclays lifted their price objective 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. BMO Capital Markets upped their target price on JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a report on Tuesday, January 16th. Finally, Oppenheimer reduced their price target on JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating on the stock in a report on Tuesday, March 19th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $181.63.

Insiders Place Their Bets

In other news, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 16th. The stock was 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 owns 205,461 shares in the company, valued at approximately $34,256,512.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Ashley Bacon sold 3,368 shares of the firm’s 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 sale, the insider now directly owns 205,461 shares in the company, valued at approximately $34,256,512.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jennifer Piepszak sold 1,649 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $166.59, for a total transaction of $274,706.91. Following the transaction, the chief executive officer now owns 34,467 shares of the company’s stock, valued at approximately $5,741,857.53. The disclosure for this sale can be found here. Insiders have sold a total of 849,303 shares of company stock worth $155,107,447 in the last quarter. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Price Performance

JPM opened at $199.52 on Thursday. The stock’s 50-day moving average price is $181.58 and its 200 day moving average price is $163.37. JPMorgan Chase & Co. has a 12-month low of $126.22 and a 12-month high of $200.48. The firm has a market cap of $574.69 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 2.46 and a beta of 1.14. 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 issued its quarterly earnings results 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 business had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company posted $3.57 EPS. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 15.84 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.31%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.’s payout ratio is presently 28.36%.

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.