Allred Capital Management LLC Grows Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Allred Capital Management LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,849 shares of the financial services provider’s stock after buying an additional 245 shares during the quarter. JPMorgan Chase & Co. accounts for 0.8% of Allred Capital Management LLC’s portfolio, making the stock its 27th largest position. Allred Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,718,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of JPM. Cantor Fitzgerald Investment Advisor L.P grew its stake in JPMorgan Chase & Co. by 81.1% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock worth $30,321,000 after buying an additional 99,636 shares during the period. BCK Partners Inc. purchased a new position in shares of JPMorgan Chase & Co. in the first quarter valued at $2,455,000. LSV Asset Management boosted its stake in shares of JPMorgan Chase & Co. by 35.6% in the first quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock valued at $5,085,000 after purchasing an additional 9,800 shares during the period. Wsfs Capital Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 70.8% in the first quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock valued at $575,000 after purchasing an additional 1,749 shares during the period. Finally, Lumature Wealth Partners LLC boosted its stake in shares of JPMorgan Chase & Co. by 1,451.4% in the first quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 3,527 shares during the period. 68.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JPM has been the subject of several analyst reports. Morgan Stanley upped their target price on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Oppenheimer upped their target price on shares of JPMorgan Chase & Co. from $232.00 to $238.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their target price for the company from $140.00 to $190.00 in a research note on Tuesday, January 9th. BMO Capital Markets upped their target price on shares of JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a research note on Tuesday, January 16th. Finally, Odeon Capital Group downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 target price for the company. in a research note on Thursday, November 2nd. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $179.11.

Read Our Latest Report on JPM

JPMorgan Chase & Co. Stock Up 0.1 %

Shares of NYSE:JPM opened at $175.01 on Friday. The stock has a market capitalization of $503.44 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 2.21 and a beta of 1.14. JPMorgan Chase & Co. has a 1-year low of $123.11 and a 1-year high of $178.30. The company’s fifty day moving average is $168.65 and its two-hundred day moving average is $155.30. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.90 and a current ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last issued its earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The business had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. During the same period last year, the company posted $3.57 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities analysts anticipate that JPMorgan Chase & Co. will post 15.87 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Thursday, January 4th were issued a $1.05 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.40%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.89%.

Insider Buying and Selling

In related news, CEO Marianne Lake sold 32,243 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $160.00, for a total value of $5,158,880.00. Following the sale, the chief executive officer now owns 131,962 shares of the company’s stock, valued at approximately $21,113,920. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Marianne Lake sold 32,243 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $160.00, for a total value of $5,158,880.00. Following the sale, the chief executive officer now owns 131,962 shares of the company’s stock, valued at approximately $21,113,920. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Ashley Bacon sold 3,368 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.73, for a total transaction of $561,546.64. Following the completion of the sale, the insider now directly owns 205,461 shares in the company, valued at approximately $34,256,512.53. The disclosure for this sale can be found here. Insiders have sold a total of 39,072 shares of company stock valued at $6,297,103 in the last quarter. Company insiders own 0.79% of the company’s stock.

About JPMorgan Chase & Co.

(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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.

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

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