Spartan Planning & Wealth Management Makes New Investment in JPMorgan Chase & Co. (NYSE:JPM)

Spartan Planning & Wealth Management purchased a new stake in JPMorgan Chase & Co. (NYSE:JPM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,727 shares of the financial services provider’s stock, valued at approximately $1,373,000. JPMorgan Chase & Co. accounts for 1.3% of Spartan Planning & Wealth Management’s investment portfolio, making the stock its 22nd biggest position.

A number of other institutional investors also recently modified their holdings of the company. Regent Peak Wealth Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 2.3% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 6,517 shares of the financial services provider’s stock worth $1,562,000 after buying an additional 148 shares during the last quarter. Diversified Trust Co grew its stake in JPMorgan Chase & Co. by 1.8% in the fourth quarter. Diversified Trust Co now owns 74,631 shares of the financial services provider’s stock valued at $17,890,000 after purchasing an additional 1,308 shares in the last quarter. Canandaigua National Trust Co of Florida increased its position in shares of JPMorgan Chase & Co. by 10.7% during the 4th quarter. Canandaigua National Trust Co of Florida now owns 5,140 shares of the financial services provider’s stock worth $1,232,000 after purchasing an additional 496 shares during the last quarter. Fortem Financial Group LLC increased its position in shares of JPMorgan Chase & Co. by 2.8% during the 4th quarter. Fortem Financial Group LLC now owns 12,174 shares of the financial services provider’s stock worth $2,918,000 after purchasing an additional 333 shares during the last quarter. Finally, Capital Market Strategies LLC raised its stake in shares of JPMorgan Chase & Co. by 2.6% during the 4th quarter. Capital Market Strategies LLC now owns 2,220 shares of the financial services provider’s stock worth $532,000 after purchasing an additional 57 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Trading Up 1.6 %

JPMorgan Chase & Co. stock traded up $3.91 during trading hours on Tuesday, reaching $244.76. The stock had a trading volume of 4,812,701 shares, compared to its average volume of 8,318,754. The company has a fifty day simple moving average of $240.05 and a 200-day simple moving average of $221.62. JPMorgan Chase & Co. has a 52 week low of $164.30 and a 52 week high of $254.31. The stock has a market cap of $689.08 billion, a PE ratio of 13.62, a PEG ratio of 3.54 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. The company had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. JPMorgan Chase & Co.’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.33 EPS. Analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued a $1.25 dividend. The ex-dividend date is Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 2.04%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on JPM shares. Morgan Stanley downgraded JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Evercore ISI increased their price target on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Barclays lifted their price objective on shares of JPMorgan Chase & Co. from $257.00 to $304.00 and gave the stock an “overweight” rating in a research report on Monday. Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Finally, Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price for the company in a report on Friday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $245.83.

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.