JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by RDA Financial Network

RDA Financial Network boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.0% in the fourth quarter, Holdings Channel reports. The firm owned 30,697 shares of the financial services provider’s stock after purchasing an additional 610 shares during the quarter. JPMorgan Chase & Co. comprises about 2.1% of RDA Financial Network’s portfolio, making the stock its 10th biggest holding. RDA Financial Network’s holdings in JPMorgan Chase & Co. were worth $7,358,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. First Pacific Financial raised its holdings in shares of JPMorgan Chase & Co. by 49.5% in the 4th quarter. First Pacific Financial now owns 3,052 shares of the financial services provider’s stock worth $732,000 after buying an additional 1,011 shares in the last quarter. Capital Planning LLC raised its stake in JPMorgan Chase & Co. by 13.3% during the fourth quarter. Capital Planning LLC now owns 2,357 shares of the financial services provider’s stock worth $565,000 after acquiring an additional 276 shares in the last quarter. Decker Retirement Planning Inc. acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $100,000. Occidental Asset Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 3.4% during the fourth quarter. Occidental Asset Management LLC now owns 23,977 shares of the financial services provider’s stock valued at $5,748,000 after acquiring an additional 787 shares during the period. Finally, Empirical Asset Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 862.8% in the 4th quarter. Empirical Asset Management LLC now owns 212,034 shares of the financial services provider’s stock valued at $50,827,000 after purchasing an additional 190,011 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the sale, the general counsel now owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. This trade represents a 6.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Oppenheimer cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Royal Bank of Canada lifted their target price on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Evercore ISI increased their price target on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. UBS Group lifted their price objective on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Morgan Stanley lowered JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $220.00 to $224.00 in a research note on Monday, September 30th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus target price of $251.78.

JPMorgan Chase & Co. Stock Up 2.0 %

Shares of JPMorgan Chase & Co. stock opened at $259.46 on Friday. The business has a fifty day simple moving average of $243.50 and a 200 day simple moving average of $224.30. The stock has a market cap of $730.47 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 3.16 and a beta of 1.11. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a 12 month low of $165.24 and a 12 month high of $260.62.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.78. The company had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company earned $3.04 EPS. Research analysts predict that JPMorgan Chase & Co. will post 17.46 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced 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 of this dividend is Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.93%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.82%.

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.