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JPMorgan Chase & Co. $JPM Shares Purchased by Salem Investment Counselors Inc.
Salem Investment Counselors Inc. increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 5.4% in the fourth quarter, bringing its total holdings to 240,983 shares valued at approximately $77.65 million. JPMorgan recently reported strong Q4 results, with EPS of $5.23 beating estimates, and declared a quarterly dividend of $1.50. Despite some insider selling, analysts maintain a “Moderate Buy” rating for the stock, with an average price target of $338.70.