Howard Capital Management Inc. Buys 1,270 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Howard Capital Management Inc. boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,077 shares of the financial services provider’s stock after acquiring an additional 1,270 shares during the quarter. Howard Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $6,011,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of JPM. Oak Ridge Investments LLC lifted its stake in JPMorgan Chase & Co. by 4.2% in the third quarter. Oak Ridge Investments LLC now owns 1,396 shares of the financial services provider’s stock worth $294,000 after purchasing an additional 56 shares during the last quarter. Lincluden Management Ltd. raised its stake in JPMorgan Chase & Co. by 0.9% in the third quarter. Lincluden Management Ltd. now owns 25,411 shares of the financial services provider’s stock worth $5,358,000 after buying an additional 225 shares in the last quarter. Norris Perne & French LLP MI grew its stake in JPMorgan Chase & Co. by 17.9% in the third quarter. Norris Perne & French LLP MI now owns 13,026 shares of the financial services provider’s stock worth $2,747,000 after purchasing an additional 1,979 shares during the period. Summit Wealth Partners LLC boosted its stake 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 worth $1,186,000 after acquiring an additional 297 shares in the last quarter. Finally, Stephens Inc. AR boosted its holdings in 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 acquiring an additional 81,467 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

JPM has been the subject of a number of recent analyst reports. Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Oppenheimer lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. 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. Keefe, Bruyette & Woods boosted their target price on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a report on Thursday, January 16th. Finally, Bank of America increased their target price on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $251.78.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 1,250 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the sale, the insider now owns 50,377 shares in the company, valued at approximately $13,606,323.93. This trade represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction dated 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 directly owns 158,381 shares in the company, valued at approximately $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. In the last quarter, insiders sold 46,326 shares of company stock worth $12,448,445. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Down 4.1 %

JPMorgan Chase & Co. stock opened at $249.94 on Wednesday. The business’s 50-day simple moving average is $259.14 and its two-hundred day simple moving average is $237.92. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The company has a market cap of $698.85 billion, a PE ratio of 12.66, a PEG ratio of 2.83 and a beta of 1.12. JPMorgan Chase & Co. has a fifty-two week low of $179.20 and a fifty-two week high of $280.25.

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

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.00%. The ex-dividend date was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 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.