Mendel Capital Management LLC Grows Position in JPMorgan Chase & Co. (NYSE:JPM)

Mendel Capital Management LLC raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,092 shares of the financial services provider’s stock after purchasing an additional 206 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.3% of Mendel Capital Management LLC’s holdings, making the stock its 12th biggest holding. Mendel Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,179,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in JPM. Redwood Park Advisors LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter worth about $29,000. Sellwood Investment Partners LLC bought a new position in JPMorgan Chase & Co. in the fourth quarter worth approximately $34,000. Investment Counsel Co. of Nevada purchased a new position in JPMorgan Chase & Co. during the 4th quarter worth $37,000. Midwest Capital Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $43,000. Finally, Prudent Man Investment Management Inc. purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $43,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $243.47 on Friday. The company has a market cap of $677.58 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 2.83 and a beta of 1.01. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The stock’s fifty day moving average price is $240.91 and its 200 day moving average price is $243.82. JPMorgan Chase & Co. has a 1 year low of $188.46 and a 1 year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.44. The firm had revenue of $45.30 billion during the quarter, compared to analysts’ expectations of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the business posted $4.44 earnings per share. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be issued a $1.40 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Friday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is 27.49%.

Insider Transactions at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 4,273 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.85, for a total value of $1,153,069.05. Following the sale, the chief operating officer now owns 54,469 shares in the company, valued at $14,698,459.65. This represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the sale, the chief executive officer now directly owns 158,381 shares in the company, valued at approximately $42,737,529.04. This trade represents a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,545 shares of company stock worth $19,149,144 over the last 90 days. 0.47% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on JPM shares. UBS Group upped their price objective on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, April 17th. Baird R W raised shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th. StockNews.com lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Monday, April 14th. Barclays upped their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Evercore ISI cut their price target on JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus target price of $255.67.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.