JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Elevated Capital Advisors LLC

Elevated Capital Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 94.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,927 shares of the financial services provider’s stock after acquiring an additional 2,874 shares during the period. Elevated Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,421,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Bar Harbor Wealth Management boosted its stake in shares of JPMorgan Chase & Co. by 1.1% during the 4th quarter. Bar Harbor Wealth Management now owns 85,886 shares of the financial services provider’s stock worth $20,588,000 after acquiring an additional 916 shares in the last quarter. Consilio Wealth Advisors LLC raised its holdings in JPMorgan Chase & Co. by 2.5% during the fourth quarter. Consilio Wealth Advisors LLC now owns 3,715 shares of the financial services provider’s stock worth $891,000 after purchasing an additional 92 shares during the last quarter. Persium Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter worth $831,000. Enterprise Bank & Trust Co grew its holdings in JPMorgan Chase & Co. by 0.9% in the fourth quarter. Enterprise Bank & Trust Co now owns 29,547 shares of the financial services provider’s stock valued at $7,083,000 after purchasing an additional 277 shares during the last quarter. Finally, JCIC Asset Management Inc. increased its position in shares of JPMorgan Chase & Co. by 1.6% in the fourth quarter. JCIC Asset Management Inc. now owns 66,946 shares of the financial services provider’s stock valued at $16,048,000 after buying an additional 1,030 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 1.8 %

Shares of JPM opened at $244.25 on Tuesday. JPMorgan Chase & Co. has a fifty-two week low of $164.30 and a fifty-two week high of $254.31. The company’s fifty day moving average is $242.08 and its two-hundred day moving average is $223.20. The firm has a market cap of $687.65 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27.

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

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is currently 27.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Royal Bank of Canada boosted their price objective on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target on the stock. in a report on Thursday, November 7th. Wells Fargo & Company increased their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Daiwa Capital Markets cut their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Finally, Citigroup increased their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $245.83.

JPMorgan Chase & Co. Company 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.