MONECO Advisors LLC Purchases 133 Shares of JPMorgan Chase & Co. (NYSE:JPM)

MONECO Advisors LLC grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,305 shares of the financial services provider’s stock after purchasing an additional 133 shares during the quarter. MONECO Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $595,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. LFA Lugano Financial Advisors SA bought a new position in JPMorgan Chase & Co. in the fourth quarter worth $26,000. Bridger Capital Management LLC purchased a new position in JPMorgan Chase & Co. during the third quarter valued at $33,000. Vista Private Wealth Partners. LLC bought a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at $35,000. Eukles Asset Management boosted its holdings in shares of JPMorgan Chase & Co. by 36.5% during the 3rd quarter. Eukles Asset Management now owns 318 shares of the financial services provider’s stock valued at $37,000 after buying an additional 85 shares in the last quarter. Finally, JJJ Advisors Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 87.5% during the 3rd quarter. JJJ Advisors Inc. now owns 375 shares of the financial services provider’s stock valued at $44,000 after buying an additional 175 shares in the last quarter. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of JPMorgan Chase & Co. stock opened at $136.84 on Wednesday. The stock has a market cap of $433.46 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 1.84 and a beta of 1.24. The firm’s 50-day moving average is $137.06 and its 200 day moving average is $122.74. JPMorgan Chase & Co. has a 1 year low of $98.09 and a 1 year high of $141.10. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.92 and a quick ratio of 0.93.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, January 14th. The financial services provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.25. The business had revenue of $28.30 billion during the quarter, compared to analyst estimates of $27.69 billion. JPMorgan Chase & Co. had a net margin of 25.49% and a return on equity of 15.19%. JPMorgan Chase & Co.’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business earned $1.98 EPS. On average, equities analysts expect that JPMorgan Chase & Co. will post 10.71 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be paid a $0.90 dividend. The ex-dividend date is Friday, January 3rd. This represents a $3.60 annualized dividend and a dividend yield of 2.63%. JPMorgan Chase & Co.’s dividend payout ratio is presently 34.35%.

In other news, CEO Daniel E. Pinto sold 64,198 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $130.91, for a total value of $8,404,160.18. Following the completion of the transaction, the chief executive officer now owns 451,481 shares in the company, valued at $59,103,377.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicole Giles sold 863 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $126.73, for a total value of $109,367.99. Following the transaction, the insider now directly owns 8,949 shares in the company, valued at $1,134,106.77. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,172 shares of company stock worth $16,158,032. Insiders own 0.76% of the company’s stock.

Several research analysts recently issued reports on JPM shares. Credit Suisse Group increased their price target on shares of JPMorgan Chase & Co. from $142.00 to $147.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 15th. DA Davidson assumed coverage on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 8th. They set a “neutral” rating and a $140.00 price target for the company. BMO Capital Markets boosted their price objective on shares of JPMorgan Chase & Co. to and gave the stock a “market perform” rating in a research note on Wednesday, January 15th. Keefe, Bruyette & Woods cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and set a $135.00 price objective on the stock. in a report on Monday, December 9th. Finally, Societe Generale cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $135.29.

About JPMorgan Chase & Co.

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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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