Oak Family Advisors LLC raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 20.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,041 shares of the financial services provider’s stock after buying an additional 2,708 shares during the period. Oak Family Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $2,151,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Retirement Financial Solutions LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $26,000. Creative Capital Management Investments LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $30,000. Marshall & Sullivan Inc. WA purchased a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $60,000. Iron Horse Wealth Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 9,000.0% in the 4th quarter. Iron Horse Wealth Management LLC now owns 455 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 450 shares in the last quarter. Finally, Bellwether Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 119.1% in the 3rd quarter. Bellwether Advisors LLC now owns 493 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 268 shares in the last quarter. Institutional investors own 67.89% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have recently issued reports on JPM. Oppenheimer cut their price objective on shares of JPMorgan Chase & Co. from $186.00 to $157.00 and set an “outperform” rating for the company in a research note on Thursday, March 23rd. Piper Sandler increased their price target on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a research report on Tuesday, January 17th. Citigroup increased their price target on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday, January 17th. Barclays dropped their price target on shares of JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, The Goldman Sachs Group increased their price target on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a research report on Friday. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $150.88.
JPMorgan Chase & Co. Stock Up 7.6 %
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.69. The company had revenue of $38.35 billion during the quarter, compared to analyst estimates of $35.77 billion. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. JPMorgan Chase & Co.’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period last year, the business earned $2.63 EPS. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 12.73 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 30th. Investors of record on Thursday, April 6th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.88%. JPMorgan Chase & Co.’s payout ratio is 33.11%.
Insider Buying and Selling
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 shares were sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the completion of the sale, the general counsel now directly owns 48,311 shares in the company, valued at approximately $6,778,516.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 10,340 shares of the firm’s stock in a transaction dated Tuesday, January 17th. The shares were 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Stacey Friedman sold 23,148 shares of the firm’s stock in a transaction dated Tuesday, January 17th. The shares were 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 disclosure for this sale 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 corporate insiders.
JPMorgan Chase & Co. 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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