Wealth Dimensions Group Ltd. Has $1.04 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Wealth Dimensions Group Ltd. grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 12.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,551 shares of the financial services provider’s stock after purchasing an additional 704 shares during the period. Wealth Dimensions Group Ltd.’s holdings in JPMorgan Chase & Co. were worth $1,037,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Alphastar Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. by 37.3% in the 4th quarter. Alphastar Capital Management LLC now owns 5,828 shares of the financial services provider’s stock valued at $920,000 after buying an additional 1,584 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund grew its stake in shares of JPMorgan Chase & Co. by 1.6% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 78,844 shares of the financial services provider’s stock valued at $12,485,000 after buying an additional 1,269 shares in the last quarter. New Century Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $3,028,000. Hendershot Investments Inc. grew its stake in shares of JPMorgan Chase & Co. by 205.1% in the 4th quarter. Hendershot Investments Inc. now owns 8,873 shares of the financial services provider’s stock valued at $1,405,000 after buying an additional 5,965 shares in the last quarter. Finally, Kentucky Retirement Systems grew its stake in shares of JPMorgan Chase & Co. by 3.7% in the 4th quarter. Kentucky Retirement Systems now owns 180,052 shares of the financial services provider’s stock valued at $28,511,000 after buying an additional 6,491 shares in the last quarter. Institutional investors own 69.39% of the company’s stock.

Shares of NYSE JPM traded up $2.31 during midday trading on Tuesday, hitting $130.77. The stock had a trading volume of 269,562 shares, compared to its average volume of 16,750,684. The company’s 50-day simple moving average is $139.55 and its 200 day simple moving average is $153.82. The firm has a market cap of $384.43 billion, a P/E ratio of 9.53, a price-to-earnings-growth ratio of 2.28 and a beta of 1.11. JPMorgan Chase & Co. has a fifty-two week low of $125.02 and a fifty-two week high of $172.96. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.82 and a quick ratio of 0.83.

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

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, April 30th. Investors of record on Wednesday, April 6th will be paid a dividend of $1.00 per share. 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 3.06%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.67%.

Several brokerages recently commented on JPM. Keefe, Bruyette & Woods lowered their price target on JPMorgan Chase & Co. from $166.00 to $157.00 and set a “market perform” rating for the company in a research note on Monday, January 17th. StockNews.com initiated coverage on JPMorgan Chase & Co. in a research report on Thursday, March 31st. They set a “hold” rating for the company. Wolfe Research cut JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating and set a $185.00 target price for the company. in a research report on Tuesday, January 4th. Societe Generale cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Wednesday, January 5th. Finally, Royal Bank of Canada set a $175.00 price target on JPMorgan Chase & Co. and gave the stock an “outperform” rating in a report on Thursday, April 14th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $164.00.

In related news, CEO Jennifer Piepszak sold 4,668 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, April 14th. The stock was sold at an average price of $126.19, for a total transaction of $589,054.92. Following the completion of the sale, the chief executive officer now directly owns 11,135 shares of the company’s stock, valued at $1,405,125.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Company Profile (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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