Mutual Advisors LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 3.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,906 shares of the financial services provider’s stock after acquiring an additional 2,817 shares during the quarter. JPMorgan Chase & Co. comprises approximately 0.5% of Mutual Advisors LLC’s portfolio, making the stock its 26th biggest position. Mutual Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $11,386,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Aptus Capital Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 11.3% in the third quarter. Aptus Capital Advisors LLC now owns 153,622 shares of the financial services provider’s stock valued at $16,054,000 after acquiring an additional 15,607 shares during the period. Leisure Capital Management lifted its holdings in shares of JPMorgan Chase & Co. by 2.7% during the third quarter. Leisure Capital Management now owns 22,736 shares of the financial services provider’s stock worth $2,376,000 after purchasing an additional 600 shares during the period. Ballentine Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. by 12.4% during the third quarter. Ballentine Partners LLC now owns 51,929 shares of the financial services provider’s stock worth $5,427,000 after purchasing an additional 5,719 shares during the period. BerganKDV Wealth Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 6.1% during the third quarter. BerganKDV Wealth Management LLC now owns 35,995 shares of the financial services provider’s stock worth $3,762,000 after purchasing an additional 2,079 shares during the period. Finally, Busey Wealth Management lifted its holdings in shares of JPMorgan Chase & Co. by 1.4% during the third quarter. Busey Wealth Management now owns 242,758 shares of the financial services provider’s stock worth $25,369,000 after purchasing an additional 3,357 shares during the period. 67.89% of the stock is owned by institutional investors and hedge funds.
JPMorgan Chase & Co. Trading Up 2.7 %
Shares of JPM stock opened at $130.55 on Wednesday. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $144.34. The stock has a market cap of $384.25 billion, a P/E ratio of 10.81, a P/E/G ratio of 1.95 and a beta of 1.12. The business has a fifty day simple moving average of $138.70 and a 200-day simple moving average of $129.63. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12.
JPMorgan Chase & Co. Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 30th. Investors of record on Thursday, April 6th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.06%. JPMorgan Chase & Co.’s payout ratio is currently 33.11%.
Insider Activity at JPMorgan Chase & Co.
In related news, General Counsel Stacey Friedman sold 23,148 shares of the stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the sale, the general counsel now owns 48,311 shares of the company’s stock, valued at $6,778,516.41. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 23,148 shares of the firm’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total value of $3,247,895.88. Following the sale, the general counsel now directly owns 48,311 shares of the company’s stock, valued at approximately $6,778,516.41. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mellody L. Hobson purchased 375 shares of the firm’s stock in a transaction on Thursday, January 19th. The stock was acquired at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the purchase, the director now owns 22,040 shares in the company, valued at approximately $2,965,041.20. The disclosure for this purchase can be found here. Insiders have sold a total of 37,887 shares of company stock valued at $5,315,762 over the last quarter. Insiders own 0.79% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. StockNews.com assumed coverage on JPMorgan Chase & Co. in a report on Thursday, March 16th. They set a “hold” rating for the company. Piper Sandler increased their price target on JPMorgan Chase & Co. from $150.00 to $157.00 in a report on Tuesday, January 17th. Credit Suisse Group set a $155.00 price target on JPMorgan Chase & Co. in a report on Monday, February 27th. Royal Bank of Canada set a $130.00 price objective on JPMorgan Chase & Co. in a research report on Friday, January 13th. Finally, Deutsche Bank Aktiengesellschaft cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and cut their price objective for the stock from $155.00 to $145.00 in a research report on Friday, January 6th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average target price of $150.78.
JPMorgan Chase & Co. Company Profile
JPMorgan Chase & Co is a financial holding company, which engages in providing 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.
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