IFG Advisory LLC Has $5.44 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

IFG Advisory LLC trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,989 shares of the financial services provider’s stock after selling 608 shares during the period. IFG Advisory LLC’s holdings in JPMorgan Chase & Co. were worth $5,441,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Columbia Trust Co 01012016 lifted its position in shares of JPMorgan Chase & Co. by 9.6% in the fourth quarter. Columbia Trust Co 01012016 now owns 23,847 shares of the financial services provider’s stock valued at $4,056,000 after buying an additional 2,087 shares during the last quarter. San Luis Wealth Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $204,000. Gemmer Asset Management LLC increased its stake in shares of JPMorgan Chase & Co. by 3.2% during the fourth quarter. Gemmer Asset Management LLC now owns 3,086 shares of the financial services provider’s stock worth $525,000 after purchasing an additional 96 shares during the period. Waterway Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $510,000. Finally, jvl associates llc bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $203,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Jennifer Piepszak sold 1,649 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $166.59, for a total value of $274,706.91. Following the transaction, the chief executive officer now directly owns 34,467 shares in the company, valued at approximately $5,741,857.53. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, General Counsel Stacey Friedman sold 6,030 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $1,101,861.90. Following the completion of the sale, the general counsel now directly owns 59,456 shares of the company’s stock, valued at approximately $10,864,394.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jennifer Piepszak sold 1,649 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total value of $274,706.91. Following the completion of the sale, the chief executive officer now directly owns 34,467 shares of the company’s stock, valued at $5,741,857.53. The disclosure for this sale can be found here. Insiders have sold a total of 849,303 shares of company stock worth $155,107,447 in the last ninety days. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Piper Sandler increased their target price on JPMorgan Chase & Co. from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. Barclays raised their price objective on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $185.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Finally, Wells Fargo & Company lifted their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $181.63.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $200.29 on Friday. The business’s 50 day simple moving average is $182.22 and its 200 day simple moving average is $163.62. JPMorgan Chase & Co. has a one year low of $126.22 and a one year high of $200.72. The stock has a market capitalization of $576.91 billion, a PE ratio of 12.35, a PEG ratio of 2.49 and a beta of 1.14. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.91 and a quick ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). The business had revenue of $38.57 billion for the quarter, compared to the consensus estimate of $39.73 billion. JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. JPMorgan Chase & Co.’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.57 earnings per share. As a group, research analysts forecast that JPMorgan Chase & Co. will post 15.75 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be issued 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 dividend yield of 2.30%. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.89%.

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.