Congress Wealth Management LLC DE Invests $26.37 Million in JPMorgan Chase & Co. (NYSE:JPM)

Congress Wealth Management LLC DE bought a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 166,551 shares of the financial services provider’s stock, valued at approximately $26,373,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Peninsula Wealth LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter valued at $266,000. Oak Asset Management LLC lifted its position in JPMorgan Chase & Co. by 1.4% during the fourth quarter. Oak Asset Management LLC now owns 15,761 shares of the financial services provider’s stock valued at $2,496,000 after purchasing an additional 225 shares during the period. Investment Partners LTD. lifted its position in JPMorgan Chase & Co. by 3.4% during the fourth quarter. Investment Partners LTD. now owns 21,970 shares of the financial services provider’s stock valued at $3,479,000 after purchasing an additional 729 shares during the period. Auxano Advisors LLC lifted its position in JPMorgan Chase & Co. by 2.0% during the fourth quarter. Auxano Advisors LLC now owns 11,339 shares of the financial services provider’s stock valued at $1,796,000 after purchasing an additional 224 shares during the period. Finally, TBH Global Asset Management LLC lifted its position in JPMorgan Chase & Co. by 1.6% during the fourth quarter. TBH Global Asset Management LLC now owns 11,200 shares of the financial services provider’s stock valued at $1,773,000 after purchasing an additional 178 shares during the period. Institutional investors own 69.39% of the company’s stock.

A number of research analysts have weighed in on the stock. The Goldman Sachs Group set a $151.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Thursday. BMO Capital Markets decreased their price objective on shares of JPMorgan Chase & Co. from $154.00 to $150.00 and set a “hold” rating for the company in a research report on Thursday. Argus decreased their price objective on shares of JPMorgan Chase & Co. from $177.00 to $155.00 in a research report on Thursday. UBS Group set a $197.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 2nd. Finally, Royal Bank of Canada set a $175.00 price objective on shares of JPMorgan Chase & Co. and gave the stock an “outperform” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $164.00.

In other news, CEO Jennifer Piepszak sold 4,668 shares of the company’s stock in a transaction that occurred on Thursday, April 14th. The stock was sold at an average price of $126.19, for a total value of $589,054.92. Following the completion of the sale, the chief executive officer now directly owns 11,135 shares in the company, valued at $1,405,125.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.79% of the stock is owned by corporate insiders.

Shares of JPM stock traded up $1.54 during trading hours on Monday, reaching $127.66. The company had a trading volume of 188,949 shares, compared to its average volume of 16,588,867. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.83 and a current ratio of 0.82. The stock has a fifty day moving average of $140.10 and a 200-day moving average of $154.09. The company has a market capitalization of $375.29 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 2.28 and a beta of 1.11. JPMorgan Chase & Co. has a 12-month low of $125.02 and a 12-month high of $172.96.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its quarterly earnings results on Wednesday, April 13th. The financial services provider reported $2.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.07). The company had revenue of $30.72 billion during the quarter, compared to analysts’ expectations of $30.53 billion. JPMorgan Chase & Co. had a net margin of 33.61% and a return on equity of 16.58%. JPMorgan Chase & Co.’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the company earned $4.50 earnings per share. On average, analysts forecast that JPMorgan Chase & Co. will post 11.06 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, April 30th. Stockholders of record on Wednesday, April 6th will be given a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, April 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.13%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.67%.

About JPMorgan Chase & Co. (Get Rating)

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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

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

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