Etfidea LLC bought a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,693 shares of the financial services provider’s stock, valued at approximately $227,000.
Several other hedge funds have also recently bought and sold shares of JPM. Aptus Capital Advisors LLC raised its position in JPMorgan Chase & Co. by 11.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 153,622 shares of the financial services provider’s stock valued at $16,054,000 after buying an additional 15,607 shares during the last quarter. Leisure Capital Management lifted its position in JPMorgan Chase & Co. by 2.7% during the 3rd quarter. Leisure Capital Management now owns 22,736 shares of the financial services provider’s stock worth $2,376,000 after buying an additional 600 shares in the last quarter. Ballentine Partners LLC boosted its position in 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 valued at $5,427,000 after purchasing an additional 5,719 shares during the last quarter. Argus Investors Counsel Inc. boosted its position in JPMorgan Chase & Co. by 0.6% during the fourth quarter. Argus Investors Counsel Inc. now owns 24,284 shares of the financial services provider’s stock valued at $3,256,000 after purchasing an additional 149 shares during the last quarter. Finally, BerganKDV Wealth Management LLC increased its position in shares of JPMorgan Chase & Co. by 6.1% during the 3rd 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 last quarter. 67.89% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts have recently commented on the stock. Royal Bank of Canada decreased their price objective on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a research report on Friday, March 24th. Citigroup upped their price objective on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a report on Tuesday, January 17th. Piper Sandler increased their price target on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a report on Tuesday, January 17th. Barclays lifted their price target on JPMorgan Chase & Co. from $162.00 to $189.00 and gave the stock an “overweight” rating in a report on Tuesday, January 3rd. Finally, Oppenheimer decreased their price objective on JPMorgan Chase & Co. from $186.00 to $157.00 and set an “outperform” rating on the stock in a report on Thursday, March 23rd. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $149.33.
JPMorgan Chase & Co. Trading Up 0.3 %
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings results 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 company had revenue of $34.55 billion for the quarter, compared to the consensus estimate of $34.23 billion. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The firm’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period last year, the company posted $3.33 EPS. Equities analysts predict that JPMorgan Chase & Co. will post 12.82 EPS for the current fiscal 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 paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Wednesday, April 5th. JPMorgan Chase & Co.’s payout ratio is 33.11%.
Insider Transactions at JPMorgan Chase & Co.
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 23,148 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total value of $3,247,895.88. Following the completion of the transaction, the general counsel now directly owns 48,311 shares in the company, valued at approximately $6,778,516.41. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Mellody L. Hobson acquired 375 shares of the business’s stock in a transaction that occurred on Thursday, January 19th. The shares were bought at an average cost of $134.53 per share, with a total value of $50,448.75. Following the completion of the purchase, the director now directly owns 22,040 shares in the company, valued at $2,965,041.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 23,148 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the general counsel now owns 48,311 shares in the company, valued at approximately $6,778,516.41. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,887 shares of company stock worth $5,315,762. Insiders own 0.79% of the company’s stock.
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.
Featured Articles
- Get a free copy of the StockNews.com research report on JPMorgan Chase & Co. (JPM)
- This Is Why Penny Stock GreenPower Motor Company Is A Win
- Comcast Sum of All Parts is Producing a Cumulative Effect
- The Greenbrier Companies: All Aboard For High-Yield In 2023
- Coty Stock is on the Comeback Trail
- Is Halliburton Stock a Value or a Value Trap?
Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Get Rating).
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.
