Nemes Rush Group LLC Has $30.21 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Nemes Rush Group LLC boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,045 shares of the financial services provider’s stock after acquiring an additional 2,839 shares during the period. JPMorgan Chase & Co. comprises about 3.7% of Nemes Rush Group LLC’s portfolio, making the stock its 4th largest position. Nemes Rush Group LLC’s holdings in JPMorgan Chase & Co. were worth $30,214,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Principal Financial Group Inc. raised its stake in JPMorgan Chase & Co. by 3.2% in the third quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider’s stock worth $1,228,110,000 after buying an additional 182,648 shares in the last quarter. United Bank increased its holdings in shares of JPMorgan Chase & Co. by 2.5% in the 3rd quarter. United Bank now owns 25,354 shares of the financial services provider’s stock valued at $5,346,000 after acquiring an additional 614 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of JPMorgan Chase & Co. by 13.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 42,511 shares of the financial services provider’s stock worth $8,964,000 after acquiring an additional 5,152 shares in the last quarter. Redwood Investment Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 104.7% during the 3rd quarter. Redwood Investment Management LLC now owns 3,969 shares of the financial services provider’s stock worth $837,000 after purchasing an additional 2,030 shares during the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc boosted its position in JPMorgan Chase & Co. by 6.6% during the third quarter. Texas Capital Bank Wealth Management Services Inc now owns 52,029 shares of the financial services provider’s stock valued at $10,971,000 after purchasing an additional 3,208 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Down 8.1 %

NYSE:JPM opened at $210.09 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The company’s fifty day moving average price is $254.71 and its 200-day moving average price is $241.29. JPMorgan Chase & Co. has a 1-year low of $179.20 and a 1-year high of $280.25. The firm has a market capitalization of $587.43 billion, a P/E ratio of 10.64, a PEG ratio of 2.83 and a beta of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.78. The company had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the firm earned $3.04 EPS. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be issued a $1.40 dividend. The ex-dividend date of this dividend is Friday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. This represents a $5.60 dividend on an annualized basis and a yield of 2.67%. JPMorgan Chase & Co.’s payout ratio is presently 28.37%.

Wall Street Analyst Weigh In

Several research firms have commented on JPM. Bank of America decreased their price target on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating for the company in a research report on Wednesday. Wolfe Research upgraded 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 research note on Friday, January 3rd. UBS Group lifted their price target on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Robert W. Baird upgraded JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $215.00 to $220.00 in a report on Friday, March 7th. Finally, Keefe, Bruyette & Woods raised their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research report on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $254.83.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the completion of the transaction, the insider now owns 49,127 shares in the company, valued at approximately $12,130,438.84. This represents a 2.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value of $10,119,000.00. Following the sale, the chief executive officer now owns 158,381 shares in the company, valued at $42,737,529.04. This trade represents a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,848 shares of company stock worth $19,987,908. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.