Comprehensive Financial Consultants Institutional Inc. raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,867 shares of the financial services provider's stock after buying an additional 1,033 shares during the period. JPMorgan Chase & Co. comprises about 2.3% of Comprehensive Financial Consultants Institutional Inc.'s investment portfolio, making the stock its biggest holding. Comprehensive Financial Consultants Institutional Inc.'s holdings in JPMorgan Chase & Co. were worth $3,748,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of JPM. Cantor Fitzgerald Investment Advisor L.P lifted its position in JPMorgan Chase & Co. by 81.1% during the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider's stock worth $30,321,000 after acquiring an additional 99,636 shares during the last quarter. BCK Partners Inc. acquired a new position in JPMorgan Chase & Co. during the 1st quarter worth $2,455,000. LSV Asset Management increased its holdings in shares of JPMorgan Chase & Co. by 35.6% during the 1st quarter. LSV Asset Management now owns 37,300 shares of the financial services provider's stock worth $5,085,000 after purchasing an additional 9,800 shares during the period. Wsfs Capital Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 70.8% during the 1st quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider's stock worth $575,000 after purchasing an additional 1,749 shares during the period. Finally, Lumature Wealth Partners LLC increased its holdings in shares of JPMorgan Chase & Co. by 1,451.4% during the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider's stock worth $514,000 after purchasing an additional 3,527 shares during the period. Institutional investors and hedge funds own 67.89% of the company's stock.
Get JPMorgan Chase & Co. alerts:Analyst Ratings Changes
A number of analysts recently weighed in on JPM shares. Royal Bank of Canada lowered their target price on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an "outperform" rating on the stock in a research note on Friday, March 24th. Barclays lowered their target price on shares of JPMorgan Chase & Co. from $189.00 to $179.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 12th. The Goldman Sachs Group upped their target price on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a research note on Friday. Morgan Stanley upped their target price on shares of JPMorgan Chase & Co. from $153.00 to $157.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Wells Fargo & Company upped their target price on shares of JPMorgan Chase & Co. from $155.00 to $165.00 and gave the company an "overweight" rating in a research note on Monday. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $154.67.
JPMorgan Chase & Co. Stock Up 0.8 %
JPMorgan Chase & Co. stock opened at $139.83 on Tuesday. The company has a market cap of $409.91 billion, a P/E ratio of 10.32, a price-to-earnings-growth ratio of 2.18 and a beta of 1.10. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $144.34. The company has a fifty day simple moving average of $134.94 and a 200 day simple moving average of $131.47. 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:JPM – Get Rating) last released its earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share for the quarter, beating analysts' consensus estimates of $3.41 by $0.69. The business had revenue of $38.35 billion during the quarter, compared to the consensus estimate of $35.77 billion. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The firm's revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.63 earnings per share. Research analysts anticipate that JPMorgan Chase & Co. will post 12.73 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 30th. Investors of record on Thursday, April 6th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Wednesday, April 5th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 29.52%.
Insider Activity at JPMorgan Chase & Co.
In other JPMorgan Chase & Co. news, Director Mellody L. Hobson bought 375 shares of the firm's stock in a transaction that occurred on Thursday, January 19th. The stock was acquired at an average price of $134.53 per share, with a total value of $50,448.75. Following the completion of the transaction, the director now owns 22,040 shares in the company, valued at $2,965,041.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.79% of the stock is owned by insiders.
About JPMorgan Chase & Co.
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JPMorgan Chase & Co is a financial holding company, which engages in providing 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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