2,866 Shares in JPMorgan Chase & Co. (NYSE:JPM) Acquired by BlueSky Wealth Advisors LLC

BlueSky Wealth Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. (NYSE:JPMGet Rating) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 2,866 shares of the financial services provider’s stock, valued at approximately $299,000.

Several other institutional investors and hedge funds also recently made changes to their positions in JPM. HBC Financial Services PLLC raised its position in shares of JPMorgan Chase & Co. by 61.2% during the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 90 shares during the last quarter. Grayhawk Investment Strategies Inc. bought a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter valued at $32,000. Financial Connections Group Inc. raised its position in shares of JPMorgan Chase & Co. by 48.5% during the 2nd quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 100 shares during the last quarter. Horizons Wealth Management bought a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter valued at $39,000. Finally, New Millennium Group LLC bought a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $39,000. Institutional investors own 67.89% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, Vice Chairman Peter Scher sold 4,399 shares of the stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $140.32, for a total transaction of $617,267.68. Following the completion of the transaction, the insider now directly owns 36,369 shares in the company, valued at approximately $5,103,298.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Mellody L. Hobson bought 375 shares of the business’s stock in a transaction that occurred on Thursday, January 19th. The stock was acquired at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the purchase, the director now owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Peter Scher sold 4,399 shares of the firm’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $140.32, for a total transaction of $617,267.68. Following the completion of the sale, the insider now owns 36,369 shares of the company’s stock, valued at $5,103,298.08. The disclosure for this sale can be found here. Insiders sold a total of 37,887 shares of company stock worth $5,315,762 in the last three months. Insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Citigroup upped their price objective on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday, January 17th. Morgan Stanley upped their price objective on shares of JPMorgan Chase & Co. from $153.00 to $167.00 and gave the company an “overweight” rating in a research report on Tuesday, January 17th. UBS Group set a $156.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday, January 13th. Royal Bank of Canada set a $130.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday, January 13th. Finally, StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $147.89.

JPMorgan Chase & Co. Trading Up 0.9 %

JPMorgan Chase & Co. stock opened at $138.45 on Wednesday. The firm has a 50-day moving average of $134.78 and a 200-day moving average of $123.13. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $159.03. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $406.10 billion, a price-to-earnings ratio of 11.46, a P/E/G ratio of 2.10 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $3.11 by $0.46. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The company had revenue of $34.55 billion during the quarter, compared to the consensus estimate of $34.23 billion. During the same period in the prior year, the business posted $3.33 EPS. The company’s quarterly revenue was up 18.1% on a year-over-year basis. On average, equities analysts expect that JPMorgan Chase & Co. will post 12.88 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 6th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, January 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.89%. JPMorgan Chase & Co.’s dividend payout ratio is 33.11%.

JPMorgan Chase & Co. Company Profile

(Get Rating)

JPMorgan Chase & Co is a financial holding company. It provides 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.

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

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