Kestra Private Wealth Services LLC Boosts Position in JPMorgan Chase & Co. (NYSE:JPM)

Kestra Private Wealth Services LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 304,470 shares of the financial services provider’s stock after purchasing an additional 6,741 shares during the quarter. JPMorgan Chase & Co. makes up 1.2% of Kestra Private Wealth Services LLC’s portfolio, making the stock its 8th biggest holding. Kestra Private Wealth Services LLC’s holdings in JPMorgan Chase & Co. were worth $72,985,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Stephens Inc. AR lifted its stake in shares of JPMorgan Chase & Co. by 3.0% in the 4th quarter. Stephens Inc. AR now owns 378,560 shares of the financial services provider’s stock valued at $90,745,000 after purchasing an additional 11,130 shares during the last quarter. Visionary Horizons LLC lifted its stake in shares of JPMorgan Chase & Co. by 7.0% in the 4th quarter. Visionary Horizons LLC now owns 3,254 shares of the financial services provider’s stock valued at $780,000 after purchasing an additional 213 shares during the last quarter. Quotient Wealth Partners LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.9% in the 4th quarter. Quotient Wealth Partners LLC now owns 12,954 shares of the financial services provider’s stock valued at $3,105,000 after purchasing an additional 112 shares during the last quarter. Benedict Financial Advisors Inc. lifted its stake in shares of JPMorgan Chase & Co. by 3.0% in the 4th quarter. Benedict Financial Advisors Inc. now owns 14,380 shares of the financial services provider’s stock valued at $3,447,000 after purchasing an additional 421 shares during the last quarter. Finally, Richard C. Young & CO. LTD. lifted its stake in shares of JPMorgan Chase & Co. by 36.1% in the 4th quarter. Richard C. Young & CO. LTD. now owns 71,250 shares of the financial services provider’s stock valued at $17,079,000 after purchasing an additional 18,901 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling

In related news, General Counsel Stacey Friedman sold 3,303 shares of the business’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 transaction, the general counsel now directly owns 47,620 shares in the company, valued at $12,092,622.80. The trade was a 6.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Trading Up 0.1 %

Shares of NYSE:JPM opened at $276.61 on Tuesday. JPMorgan Chase & Co. has a 12-month low of $176.15 and a 12-month high of $279.23. The business’s fifty day simple moving average is $253.02 and its 200-day simple moving average is $232.89. The company has a market capitalization of $778.74 billion, a PE ratio of 14.01, a P/E/G ratio of 2.94 and a beta of 1.12. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its 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. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. During the same period in the previous year, the business earned $3.04 EPS. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 18.05 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.81%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Citigroup raised their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. UBS Group raised their price target on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Robert W. Baird lowered JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target for the company. in a research note on Thursday, November 7th. Finally, Barclays lifted their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $251.78.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.