Tectonic Advisors LLC Grows Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Tectonic Advisors LLC raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,206 shares of the financial services provider’s stock after buying an additional 334 shares during the period. Tectonic Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $885,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Curbstone Financial Management Corp increased its position in shares of 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 increased its position in shares of JPMorgan Chase & Co. by 0.9% during the fourth quarter. Grey Street Capital LLC now owns 6,994 shares of the financial services provider’s stock worth $1,190,000 after purchasing an additional 60 shares in the last quarter. Sendero Wealth Management LLC increased its position in shares of JPMorgan Chase & Co. by 1.1% during the fourth quarter. Sendero Wealth Management LLC now owns 5,811 shares of the financial services provider’s stock worth $988,000 after purchasing an additional 62 shares in the last quarter. Raleigh Capital Management Inc. increased its position in shares of JPMorgan Chase & Co. by 0.8% during the third quarter. Raleigh Capital Management Inc. now owns 8,151 shares of the financial services provider’s stock worth $1,182,000 after purchasing an additional 64 shares in the last quarter. Finally, Affinity Wealth Management LLC increased its position in JPMorgan Chase & Co. by 0.4% in the 2nd 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 during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,812 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total value of $301,969.80. Following the completion of the transaction, the insider now directly owns 46,766 shares of the company’s stock, valued at approximately $7,793,553.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Ashley Bacon sold 3,368 shares of the 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 sale, the insider now owns 205,461 shares in the company, valued at $34,256,512.53. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Peter Scher sold 1,812 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.65, for a total transaction of $301,969.80. Following the sale, the insider now owns 46,766 shares in the company, valued at approximately $7,793,553.90. The disclosure for this sale can be found here. Insiders sold a total of 849,303 shares of company stock valued at $155,107,447 in the last ninety days. Insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Wells Fargo & Company boosted their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Morgan Stanley boosted their price target on JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Oppenheimer lowered their price objective on JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating on the stock in a report on Tuesday, March 19th. Finally, Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $140.00 to $190.00 in a report on Tuesday, January 9th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $181.63.

JPMorgan Chase & Co. Trading Up 1.9 %

JPM stock opened at $199.52 on Thursday. 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. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.30. The business has a fifty day simple moving average of $181.58 and a 200-day simple moving average of $163.37. JPMorgan Chase & Co. has a 52 week low of $126.22 and a 52 week high of $200.48.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The firm had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. During the same quarter in the previous year, the company earned $3.57 earnings per share. The company’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities research analysts expect that JPMorgan Chase & Co. will post 15.84 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be given a $1.15 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 28.36%.

JPMorgan Chase & Co. Company Profile

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.