JPMorgan Chase & Co. (NYSE:JPM) is Community Bank & Trust Waco Texas’ 6th Largest Position

Community Bank & Trust Waco Texas lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,520 shares of the financial services provider’s stock after buying an additional 837 shares during the quarter. JPMorgan Chase & Co. makes up 2.8% of Community Bank & Trust Waco Texas’ investment portfolio, making the stock its 6th largest position. Community Bank & Trust Waco Texas’ holdings in JPMorgan Chase & Co. were worth $12,110,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of JPM. Mizuho Securities Co. Ltd. acquired a new position in JPMorgan Chase & Co. during the third quarter valued at approximately $25,000. Catalyst Capital Advisors LLC acquired a new position in JPMorgan Chase & Co. during the third quarter valued at approximately $27,000. New England Capital Financial Advisors LLC lifted its position in JPMorgan Chase & Co. by 38.5% during the third quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock valued at $38,000 after buying an additional 50 shares in the last quarter. Collier Financial acquired a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $45,000. Finally, Carolina Wealth Advisors LLC lifted its position in JPMorgan Chase & Co. by 36.0% during the third quarter. Carolina Wealth Advisors LLC now owns 189 shares of the financial services provider’s stock valued at $40,000 after buying an additional 50 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $279.30 on Thursday. The company has a market capitalization of $786.31 billion, a P/E ratio of 14.15, a PEG ratio of 2.93 and a beta of 1.12. The company has a 50-day simple moving average of $255.13 and a 200 day simple moving average of $234.26. JPMorgan Chase & Co. has a fifty-two week low of $178.40 and a fifty-two week high of $280.25. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly 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 company had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. During the same period in the prior year, the company earned $3.04 EPS. JPMorgan Chase & Co.’s revenue was up 10.9% on a year-over-year basis. Sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were issued a dividend of $1.25 per share. The ex-dividend date was Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.79%. JPMorgan Chase & Co.’s payout ratio is presently 25.33%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Bank of America lifted their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. UBS Group lifted their price target on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Wells Fargo & Company lifted their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Keefe, Bruyette & Woods lifted their price objective on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. Finally, Citigroup lifted their price objective on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $251.78.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.79% of the company’s stock.

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.