MJP Associates Inc. ADV increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,980 shares of the financial services provider’s stock after acquiring an additional 517 shares during the quarter. JPMorgan Chase & Co. comprises 0.5% of MJP Associates Inc. ADV’s investment portfolio, making the stock its 24th biggest position. MJP Associates Inc. ADV’s holdings in JPMorgan Chase & Co. were worth $1,606,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the company. Premier Asset Management LLC raised its stake in JPMorgan Chase & Co. by 1.7% during the third quarter. Premier Asset Management LLC now owns 4,635 shares of the financial services provider’s stock worth $484,000 after purchasing an additional 77 shares during the period. Trellis Advisors LLC raised its stake in JPMorgan Chase & Co. by 2.8% during the third quarter. Trellis Advisors LLC now owns 2,897 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 79 shares during the period. Karpas Strategies LLC raised its stake in JPMorgan Chase & Co. by 0.4% during the third quarter. Karpas Strategies LLC now owns 21,537 shares of the financial services provider’s stock worth $2,251,000 after purchasing an additional 80 shares during the period. Wulff Hansen & CO. raised its stake in JPMorgan Chase & Co. by 0.5% during the third quarter. Wulff Hansen & CO. now owns 14,665 shares of the financial services provider’s stock worth $1,532,000 after purchasing an additional 80 shares during the period. Finally, LVZ Inc. raised its stake in JPMorgan Chase & Co. by 1.7% during the fourth quarter. LVZ Inc. now owns 4,746 shares of the financial services provider’s stock worth $636,000 after purchasing an additional 80 shares during the period. 67.89% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, Director Mellody L. Hobson purchased 375 shares of the stock in a transaction on Thursday, January 19th. The stock was bought at an average price of $134.53 per share, for a total transaction of $50,448.75. Following the acquisition, the director now directly owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Mary E. Erdoes sold 10,340 shares of the company’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $140.29, for a total value of $1,450,598.60. Following the completion of the transaction, the chief executive officer now owns 544,136 shares in the company, valued at approximately $76,336,839.44. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mellody L. Hobson bought 375 shares of the stock in a transaction dated 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 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 37,887 shares of company stock worth $5,315,762 in the last 90 days. Corporate insiders own 0.79% of the company’s stock.
JPMorgan Chase & Co. Trading Up 1.2 %
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.11 by $0.46. The firm had revenue of $34.55 billion during the quarter, compared to analysts’ expectations of $34.23 billion. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.33 earnings per share. Equities research analysts predict that JPMorgan Chase & Co. will post 12.9 EPS for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 33.11%.
Analyst Upgrades and Downgrades
JPM has been the topic of a number of analyst reports. Credit Suisse Group set a $155.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, February 27th. Barclays lifted their target price on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. Royal Bank of Canada reduced their price target on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating on the stock in a research note on Friday, March 24th. Piper Sandler boosted their price target on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a research note on Tuesday, January 17th. Finally, UBS Group set a $156.00 price target on shares of JPMorgan Chase & Co. in a research note on Friday, January 13th. 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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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