U.S. Capital Wealth Advisors LLC Has $30.92 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

U.S. Capital Wealth Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 181,757 shares of the financial services provider’s stock after purchasing an additional 9,220 shares during the period. JPMorgan Chase & Co. comprises approximately 1.2% of U.S. Capital Wealth Advisors LLC’s holdings, making the stock its 10th largest holding. U.S. Capital Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $30,917,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Stone House Investment Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 132.8% in the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 89 shares during the last quarter. Macroview Investment Management LLC increased its stake in shares of JPMorgan Chase & Co. by 7,833.3% during the third quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 235 shares during the period. Bare Financial Services Inc acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $35,000. Briaud Financial Planning Inc bought a new position in JPMorgan Chase & Co. during the 3rd quarter worth $40,000. Finally, Stuart Chaussee & Associates Inc. acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $40,000. Institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Wells Fargo & Company upped their target price 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. BMO Capital Markets reduced their price target on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a report on Monday, April 15th. Morgan Stanley decreased their price target on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Jefferies Financial Group boosted their price objective on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $185.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $192.05.

JPMorgan Chase & Co. Trading Up 1.0 %

Shares of JPMorgan Chase & Co. stock opened at $197.53 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. The stock has a fifty day simple moving average of $191.97 and a 200 day simple moving average of $173.32. JPMorgan Chase & Co. has a 12-month low of $133.13 and a 12-month high of $200.94. The company has a market capitalization of $567.24 billion, a P/E ratio of 11.93, a price-to-earnings-growth ratio of 2.38 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. The company had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 15.98 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were issued a dividend of $1.15 per share. This is a positive change 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 2.33%. The ex-dividend date was Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.78%.

Insiders Place Their Bets

In other news, CEO Jennifer Piepszak sold 1,648 shares of the firm’s 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 $294,926.08. Following the completion of the sale, 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 SEC, which is available at the SEC website. In related news, Vice Chairman Peter Scher sold 1,810 shares of the firm’s 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 $323,917.60. Following the completion of the transaction, the insider now directly owns 44,956 shares of the company’s stock, valued at approximately $8,045,325.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the sale, the chief executive officer now directly owns 32,819 shares in the company, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,063,506 shares of company stock valued at $195,024,605. Company insiders own 0.79% of the company’s stock.

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, 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.