Power Wealth Management LLC Takes $278,000 Position in JPMorgan Chase & Co. (NYSE:JPM)

Power Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,636 shares of the financial services provider’s stock, valued at approximately $278,000.

A number of other institutional investors also recently made changes to their positions in JPM. International Assets Investment Management LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $1,017,893,000. Wellington Management Group LLP raised its holdings in JPMorgan Chase & Co. by 12.2% during the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock valued at $6,151,997,000 after buying an additional 4,603,090 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at $253,076,000. Cerity Partners LLC raised its holdings in JPMorgan Chase & Co. by 155.2% during the 4th quarter. Cerity Partners LLC now owns 2,246,582 shares of the financial services provider’s stock valued at $382,144,000 after buying an additional 1,366,360 shares during the last quarter. Finally, Comerica Bank raised its holdings in JPMorgan Chase & Co. by 3,025.7% during the 3rd quarter. Comerica Bank now owns 1,267,455 shares of the financial services provider’s stock valued at $183,806,000 after buying an additional 1,226,905 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $294,926.08. Following the transaction, the chief executive officer now owns 32,819 shares in the company, valued at approximately $5,873,288.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Vice Chairman Peter Scher sold 1,810 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $323,917.60. Following the sale, the insider now owns 44,956 shares in the company, valued at $8,045,325.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the transaction, the chief executive officer now owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. Insiders have sold 1,063,506 shares of company stock worth $195,024,605 in the last quarter. Company insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of recent analyst reports. Oppenheimer lowered their price target on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday, April 15th. Jefferies Financial Group upped their price objective on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Morgan Stanley decreased their price objective on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a report on Monday, April 15th. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Finally, BMO Capital Markets decreased their price objective on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a report on Monday, April 15th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.05.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $197.53 on Friday. The firm’s 50-day moving average price is $191.97 and its 200-day moving average price is $173.32. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The company has a market cap of $567.24 billion, a PE ratio of 11.93, a PEG ratio of 2.38 and a beta of 1.13. JPMorgan Chase & Co. has a 52-week low of $133.13 and a 52-week high of $200.94.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The firm had revenue of $41.93 billion for the quarter, compared to analysts’ expectations of $40.90 billion. As a group, analysts anticipate that JPMorgan Chase & Co. will post 15.98 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Thursday, April 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio is 27.78%.

JPMorgan Chase & Co. 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.