Nvest Financial LLC boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,635 shares of the financial services provider’s stock after purchasing an additional 620 shares during the quarter. JPMorgan Chase & Co. comprises about 2.3% of Nvest Financial LLC’s holdings, making the stock its 15th largest position. Nvest Financial LLC’s holdings in JPMorgan Chase & Co. were worth $1,829,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in JPM. Retirement Financial Solutions LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $26,000. HBC Financial Services PLLC grew its holdings in shares of JPMorgan Chase & Co. by 61.2% during the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 90 shares during the period. Creative Capital Management Investments LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $30,000. Horizons Wealth Management purchased a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter worth about $39,000. Finally, New Millennium Group LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter worth about $39,000. Institutional investors and hedge funds own 67.89% of the company’s stock.
Insider Activity
In other news, CEO Mary E. Erdoes sold 10,340 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total transaction of $1,450,598.60. Following the completion of the sale, the chief executive officer now directly owns 544,136 shares in the company, valued at approximately $76,336,839.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Mary E. Erdoes sold 10,340 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total transaction of $1,450,598.60. Following the completion of the sale, the chief executive officer now directly owns 544,136 shares in the company, valued at approximately $76,336,839.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mellody L. Hobson bought 375 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, January 19th. The stock was bought at an average price of $134.53 per share, with a total value of $50,448.75. Following the completion of the acquisition, 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 sold a total of 37,887 shares of company stock worth $5,315,762 in the last three months. 0.79% of the stock is owned by insiders.
JPMorgan Chase & Co. Price Performance
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.11 by $0.46. The firm had revenue of $34.55 billion for the quarter, compared to analyst estimates of $34.23 billion. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. JPMorgan Chase & Co.’s revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.33 earnings per share. Equities analysts expect that JPMorgan Chase & Co. will post 12.9 EPS for the current year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th will be issued a dividend of $1.00 per share. The ex-dividend date is Wednesday, April 5th. This represents a $4.00 annualized dividend and a dividend yield of 3.07%. JPMorgan Chase & Co.’s dividend payout ratio is 33.11%.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the company. Citigroup upped their price target on JPMorgan Chase & Co. from $150.00 to $165.00 in a report on Tuesday, January 17th. Morgan Stanley upped their price target on JPMorgan Chase & Co. from $167.00 to $173.00 and gave the stock an “overweight” rating in a report on Friday, February 24th. UBS Group set a $156.00 price target on JPMorgan Chase & Co. in a report on Friday, January 13th. Royal Bank of Canada decreased their price target on JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a report on Friday, March 24th. Finally, Piper Sandler upped their price target on JPMorgan Chase & Co. from $150.00 to $157.00 in a report on Tuesday, January 17th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average target price of $149.28.
About JPMorgan Chase & Co.
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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