Baker Tilly Wealth Management LLC Increases Position in JPMorgan Chase & Co. (NYSE:JPM)

Baker Tilly Wealth Management LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 11,285 shares of the financial services provider’s stock after buying an additional 459 shares during the period. JPMorgan Chase & Co. comprises approximately 1.1% of Baker Tilly Wealth Management LLC’s holdings, making the stock its 20th largest position. Baker Tilly Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,705,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Eagle Capital Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock valued at $4,423,000 after purchasing an additional 84 shares during the last quarter. Fiera Capital Corp boosted its stake in JPMorgan Chase & Co. by 1.7% during the second quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock worth $756,000 after buying an additional 63 shares during the period. Arizona State Retirement System boosted its stake in JPMorgan Chase & Co. by 0.4% during the second quarter. Arizona State Retirement System now owns 832,637 shares of the financial services provider’s stock worth $168,409,000 after buying an additional 3,015 shares during the period. Blue Barn Wealth LLC bought a new position in JPMorgan Chase & Co. during the second quarter valued at $210,000. Finally, Synergy Asset Management LLC raised its stake in shares of JPMorgan Chase & Co. by 35.8% in the second quarter. Synergy Asset Management LLC now owns 23,224 shares of the financial services provider’s stock valued at $4,697,000 after acquiring an additional 6,127 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Price Performance

NYSE JPM traded down $2.34 during trading hours on Friday, reaching $240.79. The company’s stock had a trading volume of 3,001,474 shares, compared to its average volume of 8,098,704. The firm has a market capitalization of $677.91 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 3.54 and a beta of 1.11. The company’s 50-day moving average is $241.25 and its two-hundred day moving average is $222.25. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 1-year low of $164.30 and a 1-year high of $254.31.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 billion. During the same quarter in the previous year, the firm earned $4.33 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. On average, equities analysts predict that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.82%.

Analysts Set New Price Targets

JPM has been the topic of a number of research reports. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price on the stock in a research report on Friday, January 3rd. Citigroup increased their price objective on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Daiwa Capital Markets dropped their price target on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Morgan Stanley lowered JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Finally, Oppenheimer lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $245.83.

JPMorgan Chase & Co. Profile

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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.