Magnolia Capital Advisors LLC Invests $840,000 in JPMorgan Chase & Co. (NYSE:JPM)

Magnolia Capital Advisors LLC bought a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 6,031 shares of the financial services provider’s stock, valued at approximately $840,000. JPMorgan Chase & Co. makes up approximately 0.8% of Magnolia Capital Advisors LLC’s investment portfolio, making the stock its 27th biggest position.

Several other institutional investors have also recently made changes to their positions in the stock. Norges Bank acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $3,908,541,000. Boston Partners grew its position in shares of JPMorgan Chase & Co. by 301.6% during the 3rd quarter. Boston Partners now owns 10,211,286 shares of the financial services provider’s stock worth $1,202,693,000 after buying an additional 7,668,930 shares during the period. Johanson Financial Advisors Inc. boosted its stake in JPMorgan Chase & Co. by 13,859.0% during the 4th quarter. Johanson Financial Advisors Inc. now owns 3,216,433 shares of the financial services provider’s stock worth $23,073,000 after acquiring an additional 3,193,391 shares during the last quarter. M&G Investment Management Ltd. bought a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $310,039,000. Finally, Capital Research Global Investors boosted its stake in JPMorgan Chase & Co. by 7.4% during the 4th quarter. Capital Research Global Investors now owns 27,661,131 shares of the financial services provider’s stock worth $3,855,962,000 after acquiring an additional 1,895,932 shares during the last quarter. Institutional investors and hedge funds own 73.93% of the company’s stock.

Several research analysts recently weighed in on JPM shares. Citigroup reduced their price objective on shares of JPMorgan Chase & Co. from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Friday. UBS Group lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and lifted their price target for the company from $132.00 to $138.00 in a research note on Monday, January 6th. BMO Capital Markets lifted their price target on shares of JPMorgan Chase & Co. from $131.00 to $134.00 and gave the company a “market perform” rating in a research note on Wednesday, February 26th. Edward Jones reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 15th. Finally, Wolfe Research lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $126.41.

In other news, CEO Douglas B. Petno sold 62,085 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $131.94, for a total transaction of $8,191,494.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Stacey Friedman sold 6,441 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $137.10, for a total value of $883,061.10. Following the completion of the sale, the general counsel now directly owns 36,559 shares of the company’s stock, valued at approximately $5,012,238.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 128,814 shares of company stock worth $17,318,144. 0.76% of the stock is owned by company insiders.

JPM traded down $2.80 on Tuesday, hitting $90.70. 1,503,055 shares of the stock were exchanged, compared to its average volume of 34,466,940. JPMorgan Chase & Co. has a 12 month low of $76.91 and a 12 month high of $141.10. The business has a 50-day moving average of $113.53 and a two-hundred day moving average of $125.22. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $280.13 billion, a price-to-earnings ratio of 8.47, a PEG ratio of 1.78 and a beta of 1.19.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, January 14th. The financial services provider reported $2.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.25. The company had revenue of $28.30 billion during the quarter, compared to the consensus estimate of $27.69 billion. JPMorgan Chase & Co. had a return on equity of 15.19% and a net margin of 25.49%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.98 earnings per share. Equities research analysts expect that JPMorgan Chase & Co. will post 10.26 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Monday, April 6th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Friday, April 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 34.35%.

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 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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