Montz Harcus Wealth Management LLC Has $769,000 Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Montz Harcus Wealth Management LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 5.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,356 shares of the financial services provider’s stock after acquiring an additional 352 shares during the period. JPMorgan Chase & Co. accounts for 0.8% of Montz Harcus Wealth Management LLC’s investment portfolio, making the stock its 18th biggest holding. Montz Harcus Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $769,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in JPMorgan Chase & Co. by 23.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 31,667,210 shares of the financial services provider’s stock worth $3,566,044,000 after acquiring an additional 5,978,393 shares during the last quarter. Legal & General Group Plc lifted its position in JPMorgan Chase & Co. by 4.2% during the 2nd quarter. Legal & General Group Plc now owns 21,156,537 shares of the financial services provider’s stock worth $2,382,439,000 after acquiring an additional 847,094 shares during the last quarter. Franklin Resources Inc. lifted its position in JPMorgan Chase & Co. by 21.1% during the 2nd quarter. Franklin Resources Inc. now owns 19,739,048 shares of the financial services provider’s stock worth $2,222,815,000 after acquiring an additional 3,435,522 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in JPMorgan Chase & Co. by 4.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 18,607,661 shares of the financial services provider’s stock worth $2,536,598,000 after acquiring an additional 805,196 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in JPMorgan Chase & Co. by 3.0% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,780,611 shares of the financial services provider’s stock worth $988,785,000 after acquiring an additional 259,671 shares during the last quarter. Institutional investors and hedge funds own 67.89% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In related news, Director Mellody L. Hobson bought 375 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, January 19th. The shares were bought at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the transaction, the director now owns 22,040 shares of the company’s stock, valued at $2,965,041.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, General Counsel Stacey Friedman sold 23,148 shares of the stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total value of $3,247,895.88. Following the transaction, the general counsel now directly owns 48,311 shares in the company, valued at $6,778,516.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mellody L. Hobson acquired 375 shares of the business’s stock in a transaction that occurred on Thursday, January 19th. The stock was acquired at an average price of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the acquisition, the director now directly owns 22,040 shares of the company’s stock, valued at $2,965,041.20. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 37,887 shares of company stock worth $5,315,762. Corporate insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on JPM shares. Credit Suisse Group set a $155.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, January 17th. The Goldman Sachs Group cut their price objective on shares of JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, October 4th. Citigroup upped their price objective on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday, January 17th. Morgan Stanley upped their price objective on shares of JPMorgan Chase & Co. from $153.00 to $167.00 and gave the company an “overweight” rating in a research report on Tuesday, January 17th. Finally, BMO Capital Markets upped their price objective on shares of JPMorgan Chase & Co. from $149.00 to $158.00 and gave the company a “market perform” rating in a research report on Monday, October 17th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $147.89.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $138.45 on Wednesday. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $159.03. The firm’s 50-day moving average price is $134.78 and its two-hundred day moving average price is $123.13. The stock has a market capitalization of $406.10 billion, a price-to-earnings ratio of 11.46, a P/E/G ratio of 2.10 and a beta of 1.13. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.11 by $0.46. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The company had revenue of $34.55 billion for the quarter, compared to analyst estimates of $34.23 billion. During the same period in the prior year, the business earned $3.33 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was up 18.1% on a year-over-year basis. On average, equities analysts predict that JPMorgan Chase & Co. will post 12.88 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 6th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, January 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.89%. JPMorgan Chase & Co.’s payout ratio is 33.11%.

JPMorgan Chase & Co. Company Profile

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JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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