Beacon Pointe Advisors LLC Acquires 306 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Beacon Pointe Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 390,506 shares of the financial services provider’s stock after acquiring an additional 306 shares during the period. JPMorgan Chase & Co. accounts for about 1.0% of Beacon Pointe Advisors LLC’s portfolio, making the stock its 15th biggest position. Beacon Pointe Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $93,608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $245,000. Public Employees Retirement Association of Colorado grew its holdings in JPMorgan Chase & Co. by 10.0% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,831,468 shares of the financial services provider’s stock worth $439,021,000 after acquiring an additional 166,662 shares during the period. Quarry LP bought a new stake in JPMorgan Chase & Co. in the fourth quarter worth approximately $78,000. Mendel Capital Management LLC increased its stake in JPMorgan Chase & Co. by 2.3% in the fourth quarter. Mendel Capital Management LLC now owns 9,092 shares of the financial services provider’s stock valued at $2,179,000 after purchasing an additional 206 shares in the last quarter. Finally, Betterment LLC boosted its holdings in JPMorgan Chase & Co. by 46.2% in the fourth quarter. Betterment LLC now owns 1,831 shares of the financial services provider’s stock worth $439,000 after acquiring an additional 579 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, CEO Troy L. Rohrbaugh sold 37,500 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value of $10,119,000.00. Following the completion of the sale, the chief executive officer now owns 158,381 shares in the company, valued at approximately $42,737,529.04. This represents a 19.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the transaction, the insider now directly owns 49,127 shares in the company, valued at approximately $12,130,438.84. This trade represents a 2.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,545 shares of company stock worth $19,149,144 over the last 90 days. Insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $243.47 on Monday. The company’s fifty day moving average is $240.91 and its two-hundred day moving average is $244.04. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The firm has a market capitalization of $677.58 billion, a P/E ratio of 12.33, a PEG ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a one year low of $188.46 and a one year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $45.30 billion during the quarter, compared to analysts’ expectations of $43.62 billion. During the same period in the previous year, the firm posted $4.44 earnings per share. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. Analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.30%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.’s payout ratio is 27.49%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on JPM. StockNews.com downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Monday, April 14th. Baird R W upgraded shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th. Robert W. Baird raised shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $215.00 to $220.00 in a research note on Friday, March 7th. UBS Group raised their target price on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, April 17th. Finally, Evercore ISI decreased their price objective on JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $255.67.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.