Angeles Wealth Management LLC Buys 3,201 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Angeles Wealth Management LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 21.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,940 shares of the financial services provider’s stock after acquiring an additional 3,201 shares during the quarter. Angeles Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $4,300,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in JPM. Liberty Capital Management Inc. increased its position in JPMorgan Chase & Co. by 0.3% during the fourth quarter. Liberty Capital Management Inc. now owns 25,764 shares of the financial services provider’s stock valued at $6,176,000 after acquiring an additional 69 shares during the last quarter. OMC Financial Services LTD increased its position in shares of JPMorgan Chase & Co. by 35.1% during the 4th quarter. OMC Financial Services LTD now owns 7,840 shares of the financial services provider’s stock valued at $1,879,000 after purchasing an additional 2,035 shares during the last quarter. Wealthstar Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $445,000. Stiles Financial Services Inc boosted its holdings in shares of JPMorgan Chase & Co. by 3.7% in the fourth quarter. Stiles Financial Services Inc now owns 9,303 shares of the financial services provider’s stock worth $2,231,000 after buying an additional 332 shares during the last quarter. Finally, Focused Wealth Management Inc grew its position in JPMorgan Chase & Co. by 0.4% during the fourth quarter. Focused Wealth Management Inc now owns 10,123 shares of the financial services provider’s stock valued at $2,426,000 after buying an additional 45 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JPM has been the topic of several recent research reports. Citigroup increased their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Wells Fargo & Company raised their price objective 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. Barclays upped their price target on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a research report on Friday, January 3rd. Finally, Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price for the company. in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Hold” and a consensus price target of $251.78.

Insider Activity

In other news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the transaction, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $279.56 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 1-year low of $178.40 and a 1-year high of $279.97. The business has a 50 day simple moving average of $253.68 and a two-hundred day simple moving average of $233.37. The stock has a market capitalization of $787.06 billion, a PE ratio of 14.16, a P/E/G ratio of 2.94 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. During the same period last year, the firm posted $3.04 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, research analysts predict that JPMorgan Chase & Co. will post 18.05 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were issued a $1.25 dividend. The ex-dividend date was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.79%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.33%.

JPMorgan Chase & Co. Company 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.