JPMorgan Chase (JPM) Position Lifted by Lenox Wealth Advisors Inc.

Lenox Wealth Advisors Inc. boosted its holdings in JPMorgan Chase (NYSE:JPM) by 15,663.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,734 shares of the financial services provider’s stock after acquiring an additional 1,723 shares during the period. Lenox Wealth Advisors Inc.’s holdings in JPMorgan Chase were worth $185,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Jackson Grant Investment Advisers Inc. lifted its stake in JPMorgan Chase by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock worth $301,000 after purchasing an additional 12 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in JPMorgan Chase by 0.5% during the second quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 26 shares in the last quarter. Cutter & CO Brokerage Inc. lifted its stake in JPMorgan Chase by 0.7% during the second quarter. Cutter & CO Brokerage Inc. now owns 7,050 shares of the financial services provider’s stock worth $644,000 after purchasing an additional 50 shares in the last quarter. Marcus Capital LLC lifted its stake in JPMorgan Chase by 1.0% during the second quarter. Marcus Capital LLC now owns 5,250 shares of the financial services provider’s stock worth $480,000 after purchasing an additional 50 shares in the last quarter. Finally, Neumann Capital Management LLC lifted its stake in JPMorgan Chase by 0.4% during the second quarter. Neumann Capital Management LLC now owns 21,811 shares of the financial services provider’s stock worth $1,994,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 74.49% of the company’s stock.

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A number of research analysts have commented on JPM shares. Wells Fargo set a $120.00 price target on JPMorgan Chase and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Buckingham Research upgraded JPMorgan Chase from a “neutral” rating to a “buy” rating in a research note on Thursday, December 21st. Barclays upped their price target on JPMorgan Chase from $105.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Credit Suisse Group upgraded JPMorgan Chase to a “buy” rating and set a $120.00 price target on the stock in a research note on Friday, January 5th. Finally, Societe Generale cut JPMorgan Chase from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $112.10.

In other JPMorgan Chase news, insider Peter Scher sold 26,532 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $113.42, for a total transaction of $3,009,259.44. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mellody L. Hobson acquired 18,000 shares of the company’s stock in a transaction on Monday, April 16th. The shares were purchased at an average cost of $111.05 per share, for a total transaction of $1,998,900.00. Following the acquisition, the director now owns 864 shares of the company’s stock, valued at approximately $95,947.20. The disclosure for this purchase can be found here. Corporate insiders own 0.73% of the company’s stock.

NYSE:JPM opened at $109.32 on Thursday. The firm has a market capitalization of $378,236.19, a P/E ratio of 15.91, a price-to-earnings-growth ratio of 1.86 and a beta of 1.24. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.01 and a current ratio of 1.01. JPMorgan Chase has a 12 month low of $81.64 and a 12 month high of $119.33.

JPMorgan Chase (NYSE:JPM) last posted its earnings results on Friday, April 13th. The financial services provider reported $2.37 EPS for the quarter, beating the consensus estimate of $2.28 by $0.09. The firm had revenue of $27.90 billion for the quarter, compared to analyst estimates of $27.73 billion. JPMorgan Chase had a return on equity of 12.60% and a net margin of 22.53%. JPMorgan Chase’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.65 earnings per share. analysts predict that JPMorgan Chase will post 8.9 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 6th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, April 5th. JPMorgan Chase’s dividend payout ratio (DPR) is presently 32.61%.

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JPMorgan Chase Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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