WESPAC Advisors LLC Purchases 4,993 Shares of JPMorgan Chase & Co. (NYSE:JPM)

WESPAC Advisors LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 295.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,683 shares of the financial services provider’s stock after acquiring an additional 4,993 shares during the period. JPMorgan Chase & Co. comprises about 1.2% of WESPAC Advisors LLC’s investment portfolio, making the stock its 17th biggest holding. WESPAC Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,602,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of JPM. Oak Ridge Investments LLC grew its holdings in JPMorgan Chase & Co. by 4.2% during the third quarter. Oak Ridge Investments LLC now owns 1,396 shares of the financial services provider’s stock valued at $294,000 after purchasing an additional 56 shares during the period. Lincluden Management Ltd. increased its holdings in JPMorgan Chase & Co. by 0.9% in the 3rd quarter. Lincluden Management Ltd. now owns 25,411 shares of the financial services provider’s stock worth $5,358,000 after acquiring an additional 225 shares in the last quarter. Norris Perne & French LLP MI raised its stake in JPMorgan Chase & Co. by 17.9% during the 3rd quarter. Norris Perne & French LLP MI now owns 13,026 shares of the financial services provider’s stock worth $2,747,000 after acquiring an additional 1,979 shares during the period. Summit Wealth Partners LLC lifted its holdings in JPMorgan Chase & Co. by 5.6% during the third quarter. Summit Wealth Partners LLC now owns 5,623 shares of the financial services provider’s stock valued at $1,186,000 after purchasing an additional 297 shares in the last quarter. Finally, Stephens Inc. AR boosted its position in shares of JPMorgan Chase & Co. by 28.5% in the third quarter. Stephens Inc. AR now owns 367,430 shares of the financial services provider’s stock worth $77,476,000 after purchasing an additional 81,467 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on JPM shares. Bank of America increased their target price on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. 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 report on Tuesday, November 19th. Barclays upped their target price 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. Robert W. Baird cut shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target on the stock. in a research note on Thursday, November 7th. Finally, UBS Group increased their price objective on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. has an average rating of “Hold” and an average target price of $251.78.

Insider Transactions at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 4,273 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the transaction, the chief operating officer now owns 54,469 shares in the company, valued at $14,698,459.65. This represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the sale, the chief executive officer now owns 158,381 shares of the company’s stock, valued at $42,737,529.04. The trade was a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,326 shares of company stock valued at $12,448,445 in the last quarter. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

JPM opened at $249.94 on Wednesday. The firm has a market capitalization of $698.85 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 2.83 and a beta of 1.12. The business’s 50-day moving average is $259.14 and its two-hundred day moving average is $237.92. JPMorgan Chase & Co. has a 1 year low of $179.20 and a 1 year high of $280.25. 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. (NYSE:JPM) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the business posted $3.04 EPS. JPMorgan Chase & Co.’s revenue was up 10.9% on a year-over-year basis. Research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were given 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 2.00%. JPMorgan Chase & Co.’s payout ratio is 25.33%.

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.