Mainsail Financial Group LLC Has $780,000 Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Mainsail Financial Group LLC lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 10.4% in the 4th quarter, Holdings Channel reports. The firm owned 4,667 shares of the financial services provider’s stock after buying an additional 440 shares during the quarter. Mainsail Financial Group LLC’s holdings in JPMorgan Chase & Co. were worth $780,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Macroview Investment Management LLC boosted its position in JPMorgan Chase & Co. by 7,833.3% in the third quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after buying an additional 235 shares in the last quarter. Briaud Financial Planning Inc acquired a new position in shares of JPMorgan Chase & Co. during the third quarter worth approximately $40,000. FSC Wealth Advisors LLC lifted 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 purchasing an additional 288 shares in the last quarter. Legacy Financial Group LLC acquired a new position in shares of JPMorgan Chase & Co. during the third quarter worth approximately $58,000. Finally, Robbins Farley lifted 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 purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Ratings Changes

JPM has been the subject of a number of recent research reports. Barclays boosted their price target on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. BMO Capital Markets boosted their price target on shares of JPMorgan Chase & Co. from $192.00 to $194.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 16th. The Goldman Sachs Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Bank of America upped their target price on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $185.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.63.

Get Our Latest Analysis on JPMorgan Chase & Co.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $198.86 on Wednesday. JPMorgan Chase & Co. has a 12 month low of $126.22 and a 12 month high of $200.94. The firm has a fifty day simple moving average of $184.05 and a 200 day simple moving average of $164.86. The stock has a market capitalization of $572.79 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 2.54 and a beta of 1.15. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.30.

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

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be issued a dividend of $1.15 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $4.60 annualized dividend and a yield of 2.31%. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.89%.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,649 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total value of $274,706.91. Following the completion of the sale, the chief executive officer now owns 34,467 shares in the company, valued at $5,741,857.53. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,649 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total value of $274,706.91. Following the completion of the sale, the chief executive officer now owns 34,467 shares in the company, valued at $5,741,857.53. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Peter Scher sold 1,812 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total transaction of $301,969.80. Following the completion of the sale, the insider now owns 46,766 shares of the company’s stock, valued at approximately $7,793,553.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 849,303 shares of company stock worth $155,107,447. 0.79% of the stock is owned by insiders.

About JPMorgan Chase & Co.

(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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