Granite Harbor Advisors Inc. Purchases 392 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Granite Harbor Advisors Inc. raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 9.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,744 shares of the financial services provider’s stock after purchasing an additional 392 shares during the period. Granite Harbor Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $807,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Macroview Investment Management LLC increased its position in shares of JPMorgan Chase & Co. by 7,833.3% during the third quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 235 shares in the last quarter. Briaud Financial Planning Inc bought a new stake in shares of JPMorgan Chase & Co. during the third quarter worth $40,000. FSC Wealth Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 290.9% during the third quarter. FSC Wealth Advisors LLC now owns 387 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 288 shares in the last quarter. Legacy Financial Group LLC bought a new stake in shares of JPMorgan Chase & Co. during the third quarter worth $58,000. Finally, Robbins Farley increased its position in shares of JPMorgan Chase & Co. by 29.5% during the third quarter. Robbins Farley now owns 421 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 96 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Activity

In other news, CEO Jennifer Piepszak sold 1,649 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total value of $274,706.91. Following the transaction, the chief executive officer now directly owns 34,467 shares of the company’s stock, valued at $5,741,857.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Vice Chairman Peter Scher sold 1,810 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $323,917.60. Following the transaction, the insider now directly owns 44,956 shares of the company’s stock, valued at $8,045,325.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jennifer Piepszak sold 1,649 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.59, for a total transaction of $274,706.91. Following the transaction, the chief executive officer now directly owns 34,467 shares in the company, valued at $5,741,857.53. The disclosure for this sale can be found here. Insiders have sold 849,303 shares of company stock valued at $155,107,447 over the last ninety days. 0.79% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on JPM. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price objective for the stock from $140.00 to $190.00 in a research report on Tuesday, January 9th. Wells Fargo & Company increased their target price on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Oppenheimer reduced their target price on shares of JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating for the company in a report on Tuesday, March 19th. Morgan Stanley increased their target price on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Finally, Barclays increased their target price on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $181.63.

Check Out Our Latest Analysis on JPM

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $198.86 on Wednesday. The firm has a market capitalization of $572.79 billion, a PE ratio of 12.26, a PEG ratio of 2.54 and a beta of 1.15. The company’s 50-day moving average is $184.05 and its 200-day moving average is $164.86. JPMorgan Chase & Co. has a fifty-two week low of $126.22 and a fifty-two week high of $200.94. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.91 and a quick ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $3.04 earnings per share for the quarter, missing the consensus estimate of $3.73 by ($0.69). The company had revenue of $38.57 billion during the quarter, compared to the consensus estimate of $39.73 billion. JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. JPMorgan Chase & Co.’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the company earned $3.57 earnings per share. Equities analysts forecast that JPMorgan Chase & Co. will post 15.75 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be given a $1.15 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 2.31%. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.89%.

JPMorgan Chase & Co. Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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