Valley Forge Investment Consultants Inc. ADV Acquires 77 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Valley Forge Investment Consultants Inc. ADV boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 20.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 451 shares of the financial services provider’s stock after buying an additional 77 shares during the period. Valley Forge Investment Consultants Inc. ADV’s holdings in JPMorgan Chase & Co. were worth $69,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JPM. Migdal Insurance & Financial Holdings Ltd. increased its stake in JPMorgan Chase & Co. by 9.2% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 980,691 shares of the financial services provider’s stock valued at $149,291,000 after purchasing an additional 82,700 shares in the last quarter. Meeder Asset Management Inc. increased its position in shares of JPMorgan Chase & Co. by 424.6% in the 1st quarter. Meeder Asset Management Inc. now owns 119,502 shares of the financial services provider’s stock valued at $18,191,000 after buying an additional 96,721 shares in the last quarter. Heritage Wealth Advisors raised its stake in JPMorgan Chase & Co. by 217.0% during the 4th quarter. Heritage Wealth Advisors now owns 49,563 shares of the financial services provider’s stock worth $6,298,000 after buying an additional 33,930 shares during the period. Canvas Wealth Advisors LLC bought a new position in JPMorgan Chase & Co. during the first quarter worth about $3,915,000. Finally, Next Capital Management LLC grew its stake in JPMorgan Chase & Co. by 5.1% in the fourth quarter. Next Capital Management LLC now owns 21,533 shares of the financial services provider’s stock valued at $2,736,000 after acquiring an additional 1,045 shares during the period. 69.02% of the stock is owned by hedge funds and other institutional investors.

NYSE:JPM opened at $164.01 on Monday. JPMorgan Chase & Co. has a 12-month low of $85.30 and a 12-month high of $164.45. The firm has a market capitalization of $496.48 billion, a price-to-earnings ratio of 21.44, a P/E/G ratio of 2.87 and a beta of 1.23. The stock’s 50 day moving average price is $154.42 and its two-hundred day moving average price is $136.70. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, April 13th. The financial services provider reported $4.50 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $1.40. JPMorgan Chase & Co. had a return on equity of 10.85% and a net margin of 19.16%. The business had revenue of $32.30 billion for the quarter, compared to analyst estimates of $29.97 billion. During the same period in the previous year, the firm earned $0.78 EPS. The firm’s revenue was up 14.3% compared to the same quarter last year. Equities research analysts expect that JPMorgan Chase & Co. will post 7.83 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 30th. Shareholders of record on Tuesday, April 6th were issued a $0.90 dividend. The ex-dividend date of this dividend was Monday, April 5th. This represents a $3.60 annualized dividend and a dividend yield of 2.19%. JPMorgan Chase & Co.’s dividend payout ratio is currently 34.35%.

In other news, CEO Mary E. Erdoes sold 19,188 shares of the business’s stock in a transaction that occurred on Thursday, April 15th. The stock was sold at an average price of $150.90, for a total transaction of $2,895,469.20. Also, insider Ashley Bacon sold 11,930 shares of the company’s stock in a transaction that occurred on Thursday, April 15th. The shares were sold at an average price of $150.91, for a total value of $1,800,356.30. Insiders sold 61,130 shares of company stock worth $9,224,636 over the last three months. Insiders own 0.78% of the company’s stock.

Several equities analysts have recently weighed in on JPM shares. Jefferies Financial Group lifted their price objective on JPMorgan Chase & Co. from $157.00 to $177.00 and gave the company a “buy” rating in a report on Thursday, April 15th. Keefe, Bruyette & Woods lifted their price target on shares of JPMorgan Chase & Co. from $135.00 to $150.00 and gave the company a “market perform” rating in a research note on Monday, January 18th. Royal Bank of Canada upped their price target on shares of JPMorgan Chase & Co. from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, April 21st. DZ Bank restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, April 6th. Finally, Morgan Stanley upped their target price on shares of JPMorgan Chase & Co. from $142.00 to $150.00 and gave the stock an “underweight” rating in a research note on Monday, March 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $149.44.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in 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, auto loan, and leasing services.

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

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