OMNI 360 Wealth Inc. Purchases Shares of 1,555 JPMorgan Chase & Co. (NYSE:JPM)

OMNI 360 Wealth Inc. acquired a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,555 shares of the financial services provider’s stock, valued at approximately $265,000.

Several other institutional investors and hedge funds also recently made changes to their positions in JPM. Etfidea LLC raised its position in JPMorgan Chase & Co. by 5.4% in the 4th quarter. Etfidea LLC now owns 1,937 shares of the financial services provider’s stock valued at $329,000 after purchasing an additional 100 shares during the last quarter. TKG Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 97.6% in the third quarter. TKG Advisors LLC now owns 13,205 shares of the financial services provider’s stock valued at $1,915,000 after buying an additional 6,521 shares in the last quarter. Sutton Place Investors LLC raised its holdings in shares of JPMorgan Chase & Co. by 179.5% in the fourth quarter. Sutton Place Investors LLC now owns 13,099 shares of the financial services provider’s stock valued at $2,228,000 after buying an additional 8,412 shares during the last quarter. Allen Investment Management LLC lifted its position in JPMorgan Chase & Co. by 15.8% during the 3rd quarter. Allen Investment Management LLC now owns 174,738 shares of the financial services provider’s stock worth $25,341,000 after buying an additional 23,894 shares in the last quarter. Finally, Breakwater Capital Group increased its position in JPMorgan Chase & Co. by 12.3% in the 3rd quarter. Breakwater Capital Group now owns 8,558 shares of the financial services provider’s stock valued at $1,189,000 after acquiring an additional 934 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised their price target on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. BMO Capital Markets cut their target price on shares of 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. Evercore ISI boosted their price target on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Morgan Stanley dropped their price objective on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Finally, Oppenheimer decreased their target price on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research note on Monday, April 15th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $192.05.

View Our Latest Report on JPMorgan Chase & Co.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 6,030 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $1,101,861.90. Following the transaction, the general counsel now owns 59,456 shares in the company, valued at approximately $10,864,394.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Marianne Lake sold 11,734 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $200.02, for a total value of $2,347,034.68. Following the transaction, the chief executive officer now owns 122,740 shares of the company’s stock, valued at approximately $24,550,454.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Stacey Friedman sold 6,030 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $1,101,861.90. Following the transaction, the general counsel now owns 59,456 shares of the company’s stock, valued at approximately $10,864,394.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,071,414 shares of company stock worth $196,746,504. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Up 1.1 %

NYSE JPM opened at $204.79 on Monday. The business has a fifty day moving average price of $193.84 and a two-hundred day moving average price of $176.60. The stock has a market capitalization of $588.09 billion, a PE ratio of 12.37, a PEG ratio of 2.52 and a beta of 1.13. JPMorgan Chase & Co. has a fifty-two week low of $134.40 and a fifty-two week high of $205.05. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.45. The firm had revenue of $41.93 billion during the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. Equities analysts expect that JPMorgan Chase & Co. will post 16.22 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Thursday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a yield of 2.25%. JPMorgan Chase & Co.’s payout ratio is presently 27.78%.

JPMorgan Chase & Co. Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMFree Report).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.