Genesee Capital Advisors LLC Buys Shares of 9,426 JPMorgan Chase & Co. (NYSE:JPM)

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Genesee Capital Advisors LLC bought a new position in JPMorgan Chase & Co. (NYSE:JPM) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 9,426 shares of the financial services provider’s stock, valued at approximately $920,000. JPMorgan Chase & Co. accounts for approximately 1.5% of Genesee Capital Advisors LLC’s investment portfolio, making the stock its 23rd largest holding.

Several other institutional investors have also modified their holdings of the stock. TRUE Private Wealth Advisors boosted its holdings in shares of JPMorgan Chase & Co. by 5.9% in the 4th quarter. TRUE Private Wealth Advisors now owns 22,773 shares of the financial services provider’s stock worth $2,223,000 after acquiring an additional 1,269 shares in the last quarter. MinichMacGregor Wealth Management LLC lifted its holdings in JPMorgan Chase & Co. by 2,115.6% during the 4th quarter. MinichMacGregor Wealth Management LLC now owns 35,471 shares of the financial services provider’s stock worth $3,388,000 after buying an additional 33,870 shares in the last quarter. Meridian Financial Partners LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth $237,000. CMH Wealth Management LLC lifted its holdings in JPMorgan Chase & Co. by 1,066.8% during the 4th quarter. CMH Wealth Management LLC now owns 25,063 shares of the financial services provider’s stock worth $2,447,000 after buying an additional 22,915 shares in the last quarter. Finally, Curbstone Financial Management Corp lifted its holdings in JPMorgan Chase & Co. by 1.4% during the 4th quarter. Curbstone Financial Management Corp now owns 25,788 shares of the financial services provider’s stock worth $2,517,000 after buying an additional 350 shares in the last quarter. Institutional investors own 71.46% of the company’s stock.

Shares of JPMorgan Chase & Co. stock opened at $109.27 on Thursday. The firm has a market cap of $354.11 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 1.56 and a beta of 1.18. JPMorgan Chase & Co. has a 52 week low of $91.11 and a 52 week high of $119.24. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.00 and a quick ratio of 1.00.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, April 12th. The financial services provider reported $2.65 EPS for the quarter, beating the consensus estimate of $2.32 by $0.33. The company had revenue of $29.12 billion during the quarter, compared to analysts’ expectations of $27.95 billion. JPMorgan Chase & Co. had a net margin of 24.28% and a return on equity of 14.23%. During the same quarter in the previous year, the company posted $2.37 EPS. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 10.03 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Wednesday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio is currently 35.56%.

In other news, Director Mellody L. Hobson acquired 1,700 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was acquired at an average price of $114.26 per share, for a total transaction of $194,242.00. Following the transaction, the director now directly owns 7,485 shares in the company, valued at $855,236.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Marianne Lake sold 115,415 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $109.75, for a total transaction of $12,666,796.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 157,573 shares of company stock valued at $17,293,454. 0.76% of the stock is owned by corporate insiders.

Several research analysts have issued reports on the company. Zacks Investment Research downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, April 2nd. Morgan Stanley upped their price objective on JPMorgan Chase & Co. from $124.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. BMO Capital Markets upped their price objective on JPMorgan Chase & Co. from $116.00 to $118.00 and gave the stock a “market perform” rating in a report on Monday, April 15th. Barclays reaffirmed a “buy” rating and set a $140.00 price objective on shares of JPMorgan Chase & Co. in a report on Thursday, February 21st. Finally, Credit Suisse Group upped their price objective on JPMorgan Chase & Co. from $128.00 to $132.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $123.85.

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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 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.

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

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