Spinnaker Investment Group LLC Has $1.21 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Spinnaker Investment Group LLC increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,049 shares of the financial services provider’s stock after buying an additional 152 shares during the quarter. Spinnaker Investment Group LLC’s holdings in JPMorgan Chase & Co. were worth $1,210,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JPM. Fiera Capital Corp grew its position in JPMorgan Chase & Co. by 1.7% during the 2nd quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock worth $756,000 after acquiring an additional 63 shares during the last quarter. Driehaus Capital Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 13.1% during the second quarter. Driehaus Capital Management LLC now owns 7,378 shares of the financial services provider’s stock valued at $1,492,000 after purchasing an additional 854 shares in the last quarter. Granite FO LLC bought a new stake in shares of JPMorgan Chase & Co. during the second quarter worth about $453,000. Sunbelt Securities Inc. increased its stake in shares of JPMorgan Chase & Co. by 1.0% in the second quarter. Sunbelt Securities Inc. now owns 28,821 shares of the financial services provider’s stock valued at $5,829,000 after buying an additional 292 shares during the period. Finally, William B. Walkup & Associates Inc. bought a new position in JPMorgan Chase & Co. in the 2nd quarter valued at approximately $6,230,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $265.83 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The company has a fifty day simple moving average of $245.67 and a 200 day simple moving average of $226.51. JPMorgan Chase & Co. has a 12-month low of $171.30 and a 12-month high of $267.10. The company has a market cap of $748.41 billion, a P/E ratio of 13.47, a PEG ratio of 2.83 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. During the same period last year, the company earned $3.04 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. Sell-side analysts predict that JPMorgan Chase & Co. will post 17.82 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed 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 1.88%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.33%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on JPM. Baird R W cut shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Citigroup raised their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Evercore ISI boosted their target price on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Oppenheimer cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Finally, Daiwa Capital Markets dropped their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $251.78.

Insider Transactions at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the sale, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.