JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Boosted by ProVise Management Group LLC

ProVise Management Group LLC increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 122,148 shares of the financial services provider’s stock after buying an additional 1,698 shares during the quarter. JPMorgan Chase & Co. comprises about 1.8% of ProVise Management Group LLC’s holdings, making the stock its 9th largest position. ProVise Management Group LLC’s holdings in JPMorgan Chase & Co. were worth $20,777,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in JPM. Stone House Investment Management LLC boosted its holdings in JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 89 shares in the last quarter. Bare Financial Services Inc purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $35,000. Partnership Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $36,000. Briaud Financial Planning Inc purchased a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at approximately $40,000. Finally, Stuart Chaussee & Associates Inc. purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the sale, the general counsel now directly owns 42,124 shares of the company’s stock, valued at approximately $8,452,180.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the sale, the general counsel now directly owns 42,124 shares of the company’s stock, valued at approximately $8,452,180.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the sale, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The disclosure for this sale can be found here. In the last three months, insiders sold 249,399 shares of company stock valued at $46,713,667. Company insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on JPM shares. Evercore ISI lifted their price objective on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Royal Bank of Canada reiterated an “outperform” rating and set a $211.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. UBS Group lifted their price target on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Finally, Morgan Stanley reduced their price target on shares of JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a research report on Tuesday, May 21st. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average price target of $194.10.

JPMorgan Chase & Co. Trading Up 1.9 %

JPM stock traded up $3.79 during midday trading on Friday, hitting $200.71. The stock had a trading volume of 7,356,233 shares, compared to its average volume of 8,712,340. The firm has a market cap of $576.37 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 2.72 and a beta of 1.13. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92. JPMorgan Chase & Co. has a 12-month low of $134.40 and a 12-month high of $205.88. The company’s 50-day moving average price is $194.71 and its 200 day moving average price is $178.29.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping the consensus estimate of $4.18 by $0.45. The firm had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. On average, equities research analysts predict that JPMorgan Chase & Co. will post 16.32 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be paid a $1.15 dividend. The ex-dividend date is Friday, July 5th. This represents a $4.60 annualized dividend and a yield of 2.29%. JPMorgan Chase & Co.’s payout ratio is currently 27.78%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.