Gradient Capital Advisors LLC Acquires 693 Shares of JPMorgan Chase & Co. (JPM)

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Gradient Capital Advisors LLC increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,089 shares of the financial services provider’s stock after buying an additional 693 shares during the period. JPMorgan Chase & Co. comprises approximately 1.1% of Gradient Capital Advisors LLC’s investment portfolio, making the stock its 23rd biggest holding. Gradient Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,278,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Hayden Royal LLC bought a new position in JPMorgan Chase & Co. in the fourth quarter worth approximately $4,371,000. Dynamic Advisor Solutions LLC raised its stake in JPMorgan Chase & Co. by 13.2% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 42,326 shares of the financial services provider’s stock worth $4,376,000 after buying an additional 4,939 shares in the last quarter. HM Capital Management LLC raised its stake in JPMorgan Chase & Co. by 9.1% in the fourth quarter. HM Capital Management LLC now owns 19,498 shares of the financial services provider’s stock worth $1,903,000 after buying an additional 1,626 shares in the last quarter. Crescent Grove Advisors LLC raised its stake in JPMorgan Chase & Co. by 31.4% in the fourth quarter. Crescent Grove Advisors LLC now owns 13,450 shares of the financial services provider’s stock worth $1,313,000 after buying an additional 3,217 shares in the last quarter. Finally, Cambridge Advisors Inc. raised its stake in JPMorgan Chase & Co. by 39.9% in the fourth quarter. Cambridge Advisors Inc. now owns 9,651 shares of the financial services provider’s stock worth $942,000 after buying an additional 2,754 shares in the last quarter. 69.48% of the stock is owned by institutional investors.

Shares of JPM stock opened at $109.90 on Thursday. The firm has a market cap of $375.63 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 1.56 and a beta of 1.16. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.00 and a current ratio of 1.00. JPMorgan Chase & Co. has a 12-month low of $91.11 and a 12-month high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 12th. The financial services provider reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.33. JPMorgan Chase & Co. had a return on equity of 14.23% and a net margin of 24.28%. The firm had revenue of $29.12 billion for the quarter, compared to the consensus estimate of $27.95 billion. During the same period in the prior year, the firm earned $2.37 EPS. On average, analysts predict that JPMorgan Chase & Co. will post 10 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend was Thursday, April 4th. JPMorgan Chase & Co.’s payout ratio is 35.56%.

In related news, insider Ashley Bacon sold 20,145 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $109.75, for a total value of $2,210,913.75. Following the transaction, the insider now directly owns 112,191 shares of the company’s stock, valued at approximately $12,312,962.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mellody L. Hobson bought 1,700 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was purchased at an average cost of $114.26 per share, for a total transaction of $194,242.00. Following the completion of the transaction, the director now owns 7,485 shares in the company, valued at $855,236.10. The disclosure for this purchase can be found here. Over the last three months, insiders sold 157,573 shares of company stock worth $17,293,454. 0.76% of the stock is owned by insiders.

A number of equities analysts recently commented on the stock. Daiwa Capital Markets downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Friday, February 8th. Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. BMO Capital Markets boosted their price objective on shares of JPMorgan Chase & Co. from $116.00 to $118.00 and gave the stock a “market perform” rating in a research note on Monday, April 15th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $130.00 price target (up from $121.00) on shares of JPMorgan Chase & Co. in a research report on Thursday, February 14th. Finally, HSBC set a $102.00 price target on JPMorgan Chase & Co. and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $123.85.

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About JPMorgan Chase & Co.

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 and investment products 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, payment processing, auto loan, and leasing services.

Further Reading: Fundamental Analysis – How It Helps Investors

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

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