JPMorgan Chase & Co. (JPM) Shares Bought by BigSur Wealth Management LLC

BigSur Wealth Management LLC increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 22.2% during the third quarter, according to its most recent filing with the SEC. The fund owned 25,313 shares of the financial services provider’s stock after buying an additional 4,600 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.8% of BigSur Wealth Management LLC’s portfolio, making the stock its 11th largest holding. BigSur Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,856,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of JPM. Capital Planning Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 18.6% in the second quarter. Capital Planning Advisors LLC now owns 14,951 shares of the financial services provider’s stock worth $1,558,000 after purchasing an additional 2,349 shares during the last quarter. First Hawaiian Bank boosted its stake in JPMorgan Chase & Co. by 384.3% in the third quarter. First Hawaiian Bank now owns 95,808 shares of the financial services provider’s stock worth $10,811,000 after buying an additional 76,026 shares in the last quarter. Lincoln Capital Corp boosted its stake in JPMorgan Chase & Co. by 8.4% in the third quarter. Lincoln Capital Corp now owns 37,487 shares of the financial services provider’s stock worth $4,230,000 after buying an additional 2,896 shares in the last quarter. Eagle Global Advisors LLC boosted its stake in JPMorgan Chase & Co. by 0.6% in the second quarter. Eagle Global Advisors LLC now owns 175,550 shares of the financial services provider’s stock worth $18,292,000 after buying an additional 1,114 shares in the last quarter. Finally, Retirement Income Solutions Inc boosted its stake in JPMorgan Chase & Co. by 18.0% in the second quarter. Retirement Income Solutions Inc now owns 4,650 shares of the financial services provider’s stock worth $485,000 after buying an additional 708 shares in the last quarter. 70.11% of the stock is currently owned by institutional investors.

NYSE:JPM opened at $102.92 on Friday. The company has a market cap of $348.96 billion, a PE ratio of 11.44, a P/E/G ratio of 1.54 and a beta of 1.15. JPMorgan Chase & Co. has a fifty-two week low of $91.11 and a fifty-two week high of $119.33. The company has a quick ratio of 1.01, a current ratio of 1.00 and a debt-to-equity ratio of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, January 15th. The financial services provider reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.22). The company had revenue of $26.10 billion for the quarter, compared to analysts’ expectations of $26.69 billion. JPMorgan Chase & Co. had a net margin of 24.71% and a return on equity of 14.07%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the company posted $1.76 EPS. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 9.93 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Investors of record on Friday, January 4th will be issued a dividend of $0.80 per share. The ex-dividend date is Thursday, January 3rd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.11%. JPMorgan Chase & Co.’s dividend payout ratio is presently 35.56%.

Several brokerages have issued reports on JPM. BMO Capital Markets cut their target price on JPMorgan Chase & Co. from $124.00 to $123.00 and set a “market perform” rating for the company in a research note on Wednesday. Morgan Stanley cut their target price on JPMorgan Chase & Co. from $131.00 to $124.00 and set an “overweight” rating for the company in a research note on Tuesday, January 8th. Jefferies Financial Group lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $101.20 target price for the company. in a research note on Tuesday, January 8th. ValuEngine raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Barclays upped their target price on JPMorgan Chase & Co. from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 2nd. Eleven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. JPMorgan Chase & Co. has an average rating of “Buy” and an average price target of $122.94.

In related news, insider Ashley Bacon sold 5,831 shares of the company’s stock in a transaction that occurred on Wednesday, January 16th. The stock was sold at an average price of $102.78, for a total transaction of $599,310.18. Following the completion of the transaction, the insider now owns 98,838 shares in the company, valued at $10,158,569.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.73% of the stock is owned by corporate insiders.

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JPMorgan Chase & Co. 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 & Co. (NYSE:JPM)

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