JPMorgan Chase & Co. (NYSE:JPM) is Alpha Cubed Investments LLC’s 8th Largest Position

Alpha Cubed Investments LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 17.1% during the fourth quarter, Holdings Channel reports. The firm owned 284,661 shares of the financial services provider’s stock after buying an additional 41,489 shares during the quarter. JPMorgan Chase & Co. comprises approximately 3.1% of Alpha Cubed Investments LLC’s holdings, making the stock its 8th biggest position. Alpha Cubed Investments LLC’s holdings in JPMorgan Chase & Co. were worth $68,236,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of JPM. ADE LLC increased its stake in shares of JPMorgan Chase & Co. by 4.0% during the 4th quarter. ADE LLC now owns 1,869 shares of the financial services provider’s stock worth $448,000 after purchasing an additional 72 shares in the last quarter. Segment Wealth Management LLC increased its position in JPMorgan Chase & Co. by 1.1% during the fourth quarter. Segment Wealth Management LLC now owns 15,534 shares of the financial services provider’s stock worth $3,724,000 after buying an additional 173 shares in the last quarter. Charles Schwab Trust Co increased its position in JPMorgan Chase & Co. by 18.5% during the fourth quarter. Charles Schwab Trust Co now owns 29,521 shares of the financial services provider’s stock worth $7,076,000 after buying an additional 4,608 shares in the last quarter. Aspiriant LLC raised its holdings in shares of JPMorgan Chase & Co. by 8.1% in the fourth quarter. Aspiriant LLC now owns 27,255 shares of the financial services provider’s stock worth $6,533,000 after acquiring an additional 2,039 shares during the last quarter. Finally, Reliant Investment Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at $218,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

JPM has been the subject of a number of recent research reports. Royal Bank of Canada lifted their price target on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Barclays increased their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Citigroup lifted their price objective on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Robert W. Baird downgraded JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price on the stock. in a research report on Thursday, November 7th. Finally, Bank of America lifted their price target on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $251.78.

Check Out Our Latest Analysis on JPMorgan Chase & Co.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the sale, the general counsel now owns 47,620 shares of the company’s stock, valued at $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $264.66 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The firm’s 50-day moving average price is $245.28 and its two-hundred day moving average price is $225.83. JPMorgan Chase & Co. has a 52-week low of $170.90 and a 52-week high of $267.10. The stock has a market capitalization of $745.09 billion, a P/E ratio of 13.41, a P/E/G ratio of 2.83 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The firm had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the business earned $3.04 EPS. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 17.82 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.33%.

JPMorgan Chase & Co. Company 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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