JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Signature Wealth Management Group

Signature Wealth Management Group increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 22.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,299 shares of the financial services provider’s stock after purchasing an additional 415 shares during the period. Signature Wealth Management Group’s holdings in JPMorgan Chase & Co. were worth $551,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. SlateStone Wealth LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.6% during the fourth quarter. SlateStone Wealth LLC now owns 73,032 shares of the financial services provider’s stock worth $17,507,000 after purchasing an additional 1,156 shares during the period. GWN Securities Inc. acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $3,096,000. Van Hulzen Asset Management LLC raised its stake in JPMorgan Chase & Co. by 2.5% during the fourth quarter. Van Hulzen Asset Management LLC now owns 47,752 shares of the financial services provider’s stock worth $11,447,000 after acquiring an additional 1,165 shares during the period. Facet Wealth Inc. lifted its holdings in JPMorgan Chase & Co. by 1.9% in the fourth quarter. Facet Wealth Inc. now owns 3,076 shares of the financial services provider’s stock worth $737,000 after acquiring an additional 56 shares during the last quarter. Finally, Sovereign Investment Advisors LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $558,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the sale, the general counsel now directly owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the completion of the transaction, the chief executive officer now directly owns 133,381 shares in the company, valued at approximately $32,947,774.62. This trade represents a 15.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,848 shares of company stock worth $19,987,908. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Up 2.7 %

JPM opened at $248.23 on Tuesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The company has a market capitalization of $694.07 billion, a PE ratio of 12.57, a P/E/G ratio of 2.83 and a beta of 1.10. The stock’s fifty day moving average is $257.94 and its 200-day moving average is $239.71. JPMorgan Chase & Co. has a one year low of $179.20 and a one year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same period in the previous year, the business earned $3.04 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, equities analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 2.26%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 28.37%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on JPM. Barclays raised their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Bank of America raised their target price on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Piper Sandler upped their price target on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Baird R W raised shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a report on Friday, March 7th. Finally, Truist Financial boosted their target price 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. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $252.89.

JPMorgan Chase & Co. Profile

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.