Calton & Associates Inc. Acquires 8,330 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Calton & Associates Inc. raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 447.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 10,193 shares of the financial services provider’s stock after buying an additional 8,330 shares during the period. Calton & Associates Inc.’s holdings in JPMorgan Chase & Co. were worth $1,734,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Watershed Private Wealth LLC boosted its position in JPMorgan Chase & Co. by 31.8% in the 4th quarter. Watershed Private Wealth LLC now owns 4,372 shares of the financial services provider’s stock valued at $744,000 after buying an additional 1,054 shares during the last quarter. Baron Silver Stevens Financial Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 7.5% in the 4th quarter. Baron Silver Stevens Financial Advisors LLC now owns 6,805 shares of the financial services provider’s stock worth $1,157,000 after purchasing an additional 472 shares during the last quarter. Lebenthal Global Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 13.0% in the 4th quarter. Lebenthal Global Advisors LLC now owns 7,319 shares of the financial services provider’s stock worth $1,245,000 after purchasing an additional 842 shares during the last quarter. American Planning Services Inc. boosted its position in shares of JPMorgan Chase & Co. by 10.7% in the 4th quarter. American Planning Services Inc. now owns 2,069 shares of the financial services provider’s stock worth $352,000 after purchasing an additional 200 shares during the last quarter. Finally, Mount Lucas Management LP bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth $2,916,000. 71.55% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Marianne Lake sold 11,734 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $200.02, for a total transaction of $2,347,034.68. Following the completion of the transaction, the chief executive officer now owns 122,740 shares in the company, valued at $24,550,454.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Marianne Lake sold 11,734 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $200.02, for a total transaction of $2,347,034.68. Following the completion of the sale, the chief executive officer now owns 122,740 shares in the company, valued at $24,550,454.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Robin Leopold sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $198.86, for a total value of $596,580.00. Following the sale, the insider now owns 44,113 shares of the company’s stock, valued at approximately $8,772,311.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,078,240 shares of company stock worth $197,968,219. Company insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on JPM. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Oppenheimer reduced their price target on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research report on Monday, April 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $185.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Morgan Stanley dropped their price objective on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Finally, UBS Group dropped their price objective on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating on the stock in a research note on Tuesday, April 16th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $192.05.

Check Out Our Latest Research Report on JPMorgan Chase & Co.

JPMorgan Chase & Co. Trading Up 1.4 %

JPMorgan Chase & Co. stock opened at $201.51 on Wednesday. JPMorgan Chase & Co. has a 52 week low of $133.96 and a 52 week high of $201.58. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $578.67 billion, a P/E ratio of 12.17, a PEG ratio of 2.45 and a beta of 1.13. The stock has a 50-day simple moving average of $192.71 and a 200 day simple moving average of $174.77.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The business had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. Analysts expect that JPMorgan Chase & Co. will post 16.21 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a yield of 2.28%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

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.

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

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