Parkside Investments LLC Has $671,000 Position in JPMorgan Chase & Co. (NYSE:JPM)

Parkside Investments LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,799 shares of the financial services provider’s stock after purchasing an additional 261 shares during the period. Parkside Investments LLC’s holdings in JPMorgan Chase & Co. were worth $671,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of JPM. McLean Asset Management Corp grew its holdings in JPMorgan Chase & Co. by 4.4% during the 4th quarter. McLean Asset Management Corp now owns 7,530 shares of the financial services provider’s stock worth $1,805,000 after acquiring an additional 315 shares during the period. Aurora Private Wealth Inc. grew its holdings in JPMorgan Chase & Co. by 2.8% during the 4th quarter. Aurora Private Wealth Inc. now owns 5,075 shares of the financial services provider’s stock worth $1,217,000 after acquiring an additional 137 shares during the period. Pacer Advisors Inc. grew its holdings in JPMorgan Chase & Co. by 14.3% during the 4th quarter. Pacer Advisors Inc. now owns 263,386 shares of the financial services provider’s stock worth $63,136,000 after acquiring an additional 33,051 shares during the period. Cornerstone Wealth Group LLC grew its holdings in JPMorgan Chase & Co. by 2.9% during the 4th quarter. Cornerstone Wealth Group LLC now owns 62,192 shares of the financial services provider’s stock worth $14,908,000 after acquiring an additional 1,748 shares during the period. Finally, waypoint wealth counsel grew its holdings in JPMorgan Chase & Co. by 2.5% during the 4th quarter. waypoint wealth counsel now owns 7,331 shares of the financial services provider’s stock worth $1,757,000 after acquiring an additional 180 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a report on Thursday, January 16th. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price for the company. in a report on Thursday, November 7th. Daiwa Capital Markets reduced their price target on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Wells Fargo & Company lifted their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Oppenheimer cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $251.78.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the transaction, the general counsel now directly owns 47,620 shares in the company, valued at $12,092,622.80. The trade was a 6.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.4 %

Shares of JPM stock opened at $267.14 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 1 year low of $171.43 and a 1 year high of $270.82. The firm’s fifty day moving average price is $247.91 and its two-hundred day moving average price is $228.31. The firm has a market capitalization of $752.09 billion, a P/E ratio of 13.53, a PEG ratio of 2.87 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. During the same period in the previous year, the business earned $3.04 EPS. The company’s revenue was up 10.9% compared to the same quarter last year. On average, equities analysts predict that JPMorgan Chase & Co. will post 17.82 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were paid a $1.25 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.87%. JPMorgan Chase & Co.’s payout ratio is currently 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.