Watershed Private Wealth LLC Boosts Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Watershed Private Wealth LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 31.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,372 shares of the financial services provider’s stock after acquiring an additional 1,054 shares during the period. Watershed Private Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $744,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of JPM. International Assets Investment Management LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $1,017,893,000. Wellington Management Group LLP grew its stake in JPMorgan Chase & Co. by 12.2% during the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock valued at $6,151,997,000 after acquiring an additional 4,603,090 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new position in JPMorgan Chase & Co. during the third quarter valued at approximately $253,076,000. Cerity Partners LLC grew its stake in JPMorgan Chase & Co. by 155.2% in the 4th quarter. Cerity Partners LLC now owns 2,246,582 shares of the financial services provider’s stock worth $382,144,000 after buying an additional 1,366,360 shares in the last quarter. Finally, Comerica Bank grew its stake in JPMorgan Chase & Co. by 3,025.7% in the 3rd quarter. Comerica Bank now owns 1,267,455 shares of the financial services provider’s stock worth $183,806,000 after buying an additional 1,226,905 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Oppenheimer cut their price target on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research note on Monday, April 15th. UBS Group cut their price target on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a research note on Tuesday, April 16th. BMO Capital Markets cut their price target on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research note on Monday, April 15th. Finally, Morgan Stanley cut their price target on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $192.05.

View Our Latest Research Report on JPMorgan Chase & Co.

JPMorgan Chase & Co. Trading Up 1.4 %

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

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, beating analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The company had revenue of $41.93 billion during the quarter, compared to analyst estimates of $40.90 billion. On average, research analysts predict that JPMorgan Chase & Co. will post 16.21 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

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

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the transaction, the chief executive officer now directly owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Marianne Lake sold 11,734 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $200.02, for a total value of $2,347,034.68. Following the sale, the chief executive officer now directly owns 122,740 shares of the company’s stock, valued at approximately $24,550,454.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the sale, the chief executive officer now directly owns 32,819 shares in the company, valued at $5,873,288.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,078,240 shares of company stock valued at $197,968,219. 0.79% of the stock is currently owned by company insiders.

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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