Nilsine Partners LLC Boosts Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Nilsine Partners LLC raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 5.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,863 shares of the financial services provider’s stock after purchasing an additional 1,603 shares during the period. JPMorgan Chase & Co. comprises approximately 0.8% of Nilsine Partners LLC’s holdings, making the stock its 23rd largest holding. Nilsine Partners LLC’s holdings in JPMorgan Chase & Co. were worth $7,638,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. AMF Tjanstepension AB raised its position in shares of JPMorgan Chase & Co. by 17.2% during the 3rd quarter. AMF Tjanstepension AB now owns 473,785 shares of the financial services provider’s stock valued at $99,972,000 after acquiring an additional 69,451 shares in the last quarter. Czech National Bank raised its holdings in shares of JPMorgan Chase & Co. by 5.9% during the third quarter. Czech National Bank now owns 579,485 shares of the financial services provider’s stock worth $122,190,000 after purchasing an additional 32,261 shares during the period. HBW Advisory Services LLC lifted its position in shares of JPMorgan Chase & Co. by 2.2% in the 3rd quarter. HBW Advisory Services LLC now owns 4,452 shares of the financial services provider’s stock worth $939,000 after buying an additional 97 shares during the last quarter. Central Valley Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.7% in the 3rd quarter. Central Valley Advisors LLC now owns 23,102 shares of the financial services provider’s stock valued at $4,871,000 after buying an additional 151 shares during the period. Finally, Mirador Capital Partners LP grew its position in shares of JPMorgan Chase & Co. by 1.2% during the 3rd quarter. Mirador Capital Partners LP now owns 54,519 shares of the financial services provider’s stock valued at $11,496,000 after buying an additional 669 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Ratings Changes

JPM has been the topic of a number of recent research reports. UBS Group raised their target price on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Royal Bank of Canada boosted their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Robert W. Baird lowered 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. Bank of America boosted their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, Barclays increased their price objective on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $251.78.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $267.14 on Friday. JPMorgan Chase & Co. has a 1 year low of $171.43 and a 1 year high of $270.82. The firm has a market cap of $752.09 billion, a P/E ratio of 13.53, a PEG ratio of 2.87 and a beta of 1.11. The stock has a fifty day moving average price of $247.91 and a two-hundred day moving average price of $228.31. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.78. The business had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the business posted $3.04 earnings per share. Research analysts forecast that JPMorgan Chase & Co. will post 17.82 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were paid a $1.25 dividend. The ex-dividend date was Monday, January 6th. This represents a $5.00 annualized dividend and a dividend yield of 1.87%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.33%.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the transaction, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.