JPMorgan Chase & Co. (NYSE:JPM) Stake Raised by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. lifted its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 193,746 shares of the financial services provider's stock after purchasing an additional 4,965 shares during the period. Avantax Advisory Services Inc.'s holdings in JPMorgan Chase & Co. were worth $32,956,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Checchi Capital Advisers LLC increased its position in shares of JPMorgan Chase & Co. by 0.4% in the 4th quarter. Checchi Capital Advisers LLC now owns 38,231 shares of the financial services provider's stock valued at $6,503,000 after purchasing an additional 143 shares during the last quarter. Ieq Capital LLC increased its holdings in JPMorgan Chase & Co. by 4.2% in the fourth quarter. Ieq Capital LLC now owns 242,630 shares of the financial services provider's stock valued at $41,271,000 after buying an additional 9,832 shares during the last quarter. Forum Financial Management LP raised its stake in JPMorgan Chase & Co. by 2.8% in the fourth quarter. Forum Financial Management LP now owns 91,865 shares of the financial services provider's stock valued at $15,626,000 after buying an additional 2,496 shares in the last quarter. USA Financial Formulas lifted its holdings in JPMorgan Chase & Co. by 8,163.6% during the 4th quarter. USA Financial Formulas now owns 2,727 shares of the financial services provider's stock worth $464,000 after buying an additional 2,694 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in JPMorgan Chase & Co. by 10.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 324,830 shares of the financial services provider's stock worth $55,254,000 after buying an additional 30,202 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Oppenheimer cut their target price on JPMorgan Chase & Co. from $219.00 to $217.00 and set an "outperform" rating on the stock in a research report on Monday, April 15th. The Goldman Sachs Group reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Keefe, Bruyette & Woods upped their target price on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a "market perform" rating in a research report on Friday, April 5th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $185.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Finally, Evercore ISI increased their price objective on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an "outperform" rating in a report on Thursday, April 4th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $192.05.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, CEO Marianne Lake sold 11,734 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $200.02, for a total transaction of $2,347,034.68. Following the completion of the transaction, the chief executive officer now directly owns 122,740 shares in the company, valued at approximately $24,550,454.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Marianne Lake sold 11,734 shares of the business's stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $200.02, for a total value of $2,347,034.68. Following the completion of the transaction, the chief executive officer now owns 122,740 shares of the company's stock, valued at approximately $24,550,454.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James Dimon sold 821,778 shares of the firm's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the sale, the chief executive officer now directly owns 595,316 shares in the company, valued at $108,782,092.68. The disclosure for this sale can be found here. In the last three months, insiders sold 1,071,414 shares of company stock worth $196,746,504. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

Shares of JPM traded up $2.32 on Friday, reaching $204.79. The stock had a trading volume of 9,166,067 shares, compared to its average volume of 9,191,679. JPMorgan Chase & Co. has a twelve month low of $134.40 and a twelve month high of $205.05. The firm has a market capitalization of $588.09 billion, a PE ratio of 12.36, a PEG ratio of 2.49 and a beta of 1.13. The firm has a 50-day moving average of $193.51 and a 200 day moving average of $175.61. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping analysts' consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The company had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. Sell-side analysts expect that JPMorgan Chase & Co. will post 16.22 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.25%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. The ex-dividend date was Thursday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.78%.

JPMorgan Chase & Co. Company Profile

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; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.