ETF Store Inc. Makes New $228,000 Investment in JPMorgan Chase & Co. (NYSE:JPM)

ETF Store Inc. bought a new position in JPMorgan Chase & Co. (NYSE:JPM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 951 shares of the financial services provider’s stock, valued at approximately $228,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Hughes Financial Services LLC purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth $711,000. Midwest Professional Planners LTD. increased its stake in shares of JPMorgan Chase & Co. by 0.7% during the fourth quarter. Midwest Professional Planners LTD. now owns 25,953 shares of the financial services provider’s stock valued at $6,221,000 after buying an additional 170 shares during the period. Postrock Partners LLC purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $806,000. Analyst IMS Investment Management Services Ltd. increased its stake in shares of JPMorgan Chase & Co. by 19.9% during the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 9,247 shares of the financial services provider’s stock valued at $2,217,000 after buying an additional 1,532 shares during the period. Finally, Alpine Woods Capital Investors LLC increased its stake in shares of JPMorgan Chase & Co. by 3.5% during the fourth quarter. Alpine Woods Capital Investors LLC now owns 73,997 shares of the financial services provider’s stock valued at $17,738,000 after buying an additional 2,522 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $241.49 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The company has a market cap of $675.24 billion, a PE ratio of 12.23, a P/E/G ratio of 2.83 and a beta of 1.10. The business has a 50-day simple moving average of $257.86 and a two-hundred day simple moving average of $239.35. JPMorgan Chase & Co. has a fifty-two week low of $179.20 and a fifty-two week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. During the same quarter in the previous year, the company posted $3.04 earnings per share. The company’s revenue was up 10.9% compared to the same quarter last year. As a group, equities analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be issued a dividend of $1.40 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Friday, April 4th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.32%. JPMorgan Chase & Co.’s payout ratio is 28.37%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Bank of America raised their price target on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Baird R W upgraded JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods raised their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. UBS Group raised their price objective on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, Barclays raised their price objective on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $252.89.

Insider Buying and Selling

In related news, COO Jennifer Piepszak sold 4,273 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the completion of the sale, the chief operating officer now owns 54,469 shares of the company’s stock, valued at $14,698,459.65. The trade was a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the transaction, the insider now owns 50,377 shares of the company’s stock, valued at approximately $13,606,323.93. This represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,326 shares of company stock valued at $12,448,445 over the last quarter. 0.79% of the stock is currently owned by company insiders.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of 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.