JPMorgan Chase & Co. (JPM) is MinichMacGregor Wealth Management LLC’s 5th Largest Position

MinichMacGregor Wealth Management LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2,115.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,471 shares of the financial services provider’s stock after buying an additional 33,870 shares during the quarter. JPMorgan Chase & Co. comprises 2.3% of MinichMacGregor Wealth Management LLC’s portfolio, making the stock its 5th biggest holding. MinichMacGregor Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $3,388,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bogart Wealth LLC grew its holdings in JPMorgan Chase & Co. by 19.0% during the 4th quarter. Bogart Wealth LLC now owns 625 shares of the financial services provider’s stock valued at $61,000 after buying an additional 100 shares in the last quarter. Carmichael Hill & Associates Inc. grew its holdings in JPMorgan Chase & Co. by 2.3% during the 4th quarter. Carmichael Hill & Associates Inc. now owns 6,785 shares of the financial services provider’s stock valued at $662,000 after buying an additional 152 shares in the last quarter. Lourd Capital LLC grew its holdings in JPMorgan Chase & Co. by 0.5% during the 4th quarter. Lourd Capital LLC now owns 29,034 shares of the financial services provider’s stock valued at $2,834,000 after buying an additional 155 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its holdings in JPMorgan Chase & Co. by 0.8% during the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 22,886 shares of the financial services provider’s stock valued at $2,234,000 after buying an additional 189 shares in the last quarter. Finally, Granite Investment Advisors LLC grew its holdings in JPMorgan Chase & Co. by 0.5% during the 4th quarter. Granite Investment Advisors LLC now owns 40,149 shares of the financial services provider’s stock valued at $3,919,000 after buying an additional 190 shares in the last quarter. 69.88% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Ashley Bacon sold 5,831 shares of the firm’s stock in a transaction that occurred on Wednesday, January 16th. The stock was sold at an average price of $102.78, for a total transaction of $599,310.18. Following the completion of the sale, the insider now directly owns 98,838 shares of the company’s stock, valued at approximately $10,158,569.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James S. Crown purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 5th. The shares were acquired at an average cost of $103.79 per share, with a total value of $518,950.00. Following the completion of the purchase, the director now directly owns 311,447 shares in the company, valued at approximately $32,325,084.13. The disclosure for this purchase can be found here. In the last quarter, insiders sold 39,191 shares of company stock valued at $4,102,110. Company insiders own 0.73% of the company’s stock.

Shares of JPMorgan Chase & Co. stock opened at $105.34 on Thursday. The company has a market capitalization of $359.91 billion, a PE ratio of 11.68, a P/E/G ratio of 1.63 and a beta of 1.11. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.00 and a quick ratio of 1.00. JPMorgan Chase & Co. has a one year low of $91.11 and a one year high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, January 15th. The financial services provider reported $1.98 EPS for the quarter, missing the Zacks’ consensus estimate of $2.20 by ($0.22). The company had revenue of $26.10 billion during the quarter, compared to analysts’ expectations of $26.69 billion. JPMorgan Chase & Co. had a return on equity of 14.07% and a net margin of 24.71%. JPMorgan Chase & Co.’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.76 EPS. As a group, research analysts forecast that JPMorgan Chase & Co. will post 9.68 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 35.56%.

Several equities analysts have weighed in on JPM shares. Barclays raised their price target on JPMorgan Chase & Co. from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, January 2nd. Wells Fargo & Co restated a “buy jpm” rating on shares of JPMorgan Chase & Co. in a report on Thursday, December 20th. BMO Capital Markets cut their price target on JPMorgan Chase & Co. from $123.00 to $116.00 and set a “market perform” rating for the company in a report on Thursday, February 28th. Jefferies Financial Group cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $101.20 price target for the company. in a report on Tuesday, January 8th. Finally, HSBC set a $102.00 price target on JPMorgan Chase & Co. and gave the company a “neutral” rating in a report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $122.25.

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JPMorgan Chase & Co. Company Profile

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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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