Vision Capital Management Inc. Takes Position in JPMorgan Chase & Co. (NYSE:JPM)

Vision Capital Management Inc. purchased a new stake in JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,469 shares of the financial services provider’s stock, valued at approximately $1,100,000.

Other large investors have also made changes to their positions in the company. Curbstone Financial Management Corp lifted its stake in JPMorgan Chase & Co. by 0.3% during the fourth quarter. Curbstone Financial Management Corp now owns 23,930 shares of the financial services provider’s stock worth $4,070,000 after purchasing an additional 60 shares in the last quarter. Grey Street Capital LLC raised its stake in shares of JPMorgan Chase & Co. by 0.9% in the fourth quarter. Grey Street Capital LLC now owns 6,994 shares of the financial services provider’s stock valued at $1,190,000 after acquiring an additional 60 shares in the last quarter. Sendero Wealth Management LLC raised 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 valued at $988,000 after acquiring an additional 62 shares in the last quarter. Raleigh Capital Management Inc. raised its stake in shares of JPMorgan Chase & Co. by 0.8% in the third quarter. Raleigh Capital Management Inc. now owns 8,151 shares of the financial services provider’s stock valued at $1,182,000 after acquiring an additional 64 shares in the last quarter. Finally, Affinity Wealth Management LLC raised its stake in shares of JPMorgan Chase & Co. by 0.4% in the second quarter. Affinity Wealth Management LLC now owns 19,082 shares of the financial services provider’s stock valued at $2,775,000 after acquiring an additional 68 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of the firm’s stock in a transaction that occurred 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 owns 205,461 shares in the company, valued at $34,256,512.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Jennifer Piepszak sold 1,649 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total transaction of $274,706.91. Following the sale, the chief executive officer now directly owns 34,467 shares in the company, valued at approximately $5,741,857.53. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ashley Bacon sold 3,368 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total transaction of $561,546.64. Following the completion of the transaction, the insider now owns 205,461 shares in the company, valued at $34,256,512.53. The disclosure for this sale can be found here. In the last three months, insiders sold 849,303 shares of company stock worth $155,107,447. Corporate insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

JPM has been the topic of several analyst reports. The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Royal Bank of Canada reiterated an “outperform” rating and issued a $185.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Bank of America raised their price target 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. Finally, Barclays raised their price target on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $181.63.

View Our Latest Research Report on JPM

JPMorgan Chase & Co. Price Performance

JPM stock opened at $199.52 on Thursday. The firm has a 50 day moving average of $181.58 and a 200-day moving average of $163.37. JPMorgan Chase & Co. has a 12-month low of $126.22 and a 12-month high of $200.48. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.30. The company 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.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last issued 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). The company had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.57 earnings per share. As a group, equities analysts expect that JPMorgan Chase & Co. will post 15.84 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

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

JPMorgan Chase & Co. Profile

(Free Report)

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.

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

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