Pinnacle Bancorp Inc. Has $4.92 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Pinnacle Bancorp Inc. cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,509 shares of the financial services provider’s stock after selling 732 shares during the period. JPMorgan Chase & Co. accounts for 1.6% of Pinnacle Bancorp Inc.’s holdings, making the stock its 11th largest position. Pinnacle Bancorp Inc.’s holdings in JPMorgan Chase & Co. were worth $4,916,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Websterrogers Financial Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $275,000. Roble Belko & Company Inc increased its position in JPMorgan Chase & Co. by 28.0% during the fourth quarter. Roble Belko & Company Inc now owns 2,286 shares of the financial services provider’s stock worth $548,000 after acquiring an additional 500 shares during the period. Armstrong Advisory Group Inc. raised its stake in JPMorgan Chase & Co. by 13.4% in the 4th quarter. Armstrong Advisory Group Inc. now owns 4,644 shares of the financial services provider’s stock worth $1,113,000 after purchasing an additional 549 shares in the last quarter. Rockingstone Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 1.3% in the 4th quarter. Rockingstone Advisors LLC now owns 14,447 shares of the financial services provider’s stock valued at $3,463,000 after purchasing an additional 183 shares during the period. Finally, Cliftonlarsonallen Wealth Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 0.7% during the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 11,873 shares of the financial services provider’s stock worth $2,846,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on JPM shares. Robert W. Baird cut JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target for the company. in a research note on Thursday, November 7th. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price for the company in a research report on Friday, January 3rd. Evercore ISI increased their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. UBS Group boosted their price target on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Citigroup increased their price objective on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $251.78.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the sale, the general counsel now owns 47,620 shares of the company’s stock, valued at $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.7 %

NYSE JPM opened at $254.15 on Friday. The company has a market cap of $715.53 billion, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 3.16 and a beta of 1.11. JPMorgan Chase & Co. has a twelve month low of $165.24 and a twelve month high of $257.04. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. The business’s fifty day moving average is $242.70 and its 200 day moving average is $223.72.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. During the same period last year, the firm posted $3.04 earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 17.46 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders 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 yield of 1.97%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 27.82%.

About JPMorgan Chase & Co.

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.