911 Shares in JPMorgan Chase & Co. (NYSE:JPM) Acquired by David Kennon Inc

David Kennon Inc purchased a new position in JPMorgan Chase & Co. (NYSE:JPM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 911 shares of the financial services provider’s stock, valued at approximately $218,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. NorthStar Asset Management LLC NJ raised its position in shares of JPMorgan Chase & Co. by 2.0% during the 4th quarter. NorthStar Asset Management LLC NJ now owns 8,843 shares of the financial services provider’s stock worth $2,120,000 after purchasing an additional 173 shares during the last quarter. Orca Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth about $3,440,000. Kennedy Investment Group raised its position in shares of JPMorgan Chase & Co. by 1.0% during the 4th quarter. Kennedy Investment Group now owns 5,053 shares of the financial services provider’s stock worth $1,211,000 after purchasing an additional 48 shares during the last quarter. Genesee Capital Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 18.5% during the 4th quarter. Genesee Capital Advisors LLC now owns 1,642 shares of the financial services provider’s stock worth $394,000 after purchasing an additional 256 shares during the last quarter. Finally, DHK Financial Advisors Inc. raised its position in shares of JPMorgan Chase & Co. by 80.1% during the 4th quarter. DHK Financial Advisors Inc. now owns 5,227 shares of the financial services provider’s stock worth $1,253,000 after purchasing an additional 2,325 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on JPM. Oppenheimer downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Baird R W cut shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research note on Friday, January 3rd. Evercore ISI upped their price objective on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Daiwa Capital Markets dropped their price objective on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Hold” and an average price target of $251.78.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the sale, the general counsel now directly owns 47,620 shares in the company, valued at $12,092,622.80. This represents a 6.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $267.27 on Tuesday. 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 stock has a market capitalization of $752.47 billion, a P/E ratio of 13.54, a PEG ratio of 2.87 and a beta of 1.12. The company has a 50 day moving average price of $247.91 and a 200 day moving average price of $228.49. JPMorgan Chase & Co. has a fifty-two week low of $172.62 and a fifty-two week high of $270.82.

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

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were issued a dividend of $1.25 per share. The ex-dividend date was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 1.87%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.33%.

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.