Total Investment Management Inc. Acquires 203 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Total Investment Management Inc. raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,923 shares of the financial services provider’s stock after buying an additional 203 shares during the quarter. Total Investment Management Inc.’s holdings in JPMorgan Chase & Co. were worth $940,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Americana Partners LLC raised its position in shares of JPMorgan Chase & Co. by 544.0% in the 4th quarter. Americana Partners LLC now owns 197,031 shares of the financial services provider’s stock valued at $47,230,000 after purchasing an additional 166,436 shares during the last quarter. Capital Performance Advisors LLP grew its stake in shares of JPMorgan Chase & Co. by 15.4% during the 4th quarter. Capital Performance Advisors LLP now owns 2,997 shares of the financial services provider’s stock worth $718,000 after purchasing an additional 399 shares during the period. Strategic Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 6.8% during the 4th quarter. Strategic Advisors LLC now owns 42,845 shares of the financial services provider’s stock worth $10,270,000 after purchasing an additional 2,714 shares during the period. Pure Portfolios Holdings LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $229,000. Finally, Hoge Financial Services LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $225,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value 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. The trade was a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the sale, the insider now owns 50,377 shares of the company’s stock, valued at $13,606,323.93. This trade represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,326 shares of company stock worth $12,448,445. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $258.70 on Thursday. The stock has a 50 day moving average price of $257.49 and a 200 day moving average price of $236.37. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $723.36 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 2.83 and a beta of 1.12. JPMorgan Chase & Co. has a 52-week low of $179.20 and a 52-week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results 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. The firm had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.04 earnings per share. Research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Wells Fargo & Company lifted their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a report on Friday, January 3rd. Finally, Oppenheimer downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $251.78.

About JPMorgan Chase & Co.

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.