ADG Wealth Management Group LLC Invests $269,000 in JPMorgan Chase & Co. (NYSE:JPM)

ADG Wealth Management Group LLC acquired a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,121 shares of the financial services provider's stock, valued at approximately $269,000. JPMorgan Chase & Co. comprises 0.2% of ADG Wealth Management Group LLC's portfolio, making the stock its 21st largest holding.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Mizuho Securities Co. Ltd. purchased a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $25,000. Midwest Capital Advisors LLC purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at about $43,000. Peterson Financial Group Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at approximately $45,000. Legacy Investment Solutions LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth approximately $45,000. Finally, Collier Financial acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $45,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, General Counsel Stacey Friedman sold 3,303 shares of the business's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the transaction, the general counsel now directly owns 47,620 shares in the company, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the sale, the insider now owns 50,377 shares in the company, valued at approximately $13,606,323.93. This represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,326 shares of company stock valued at $12,448,445. 0.79% of the stock is currently owned by insiders.

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Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on JPM. Keefe, Bruyette & Woods boosted their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a report on Thursday, January 16th. Oppenheimer lowered shares of JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a research report on Wednesday, November 20th. Robert W. Baird upgraded shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $215.00 to $220.00 in a research report on Friday. Citigroup lifted their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, November 19th. Finally, Truist Financial upped their price objective on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a "hold" rating in a report on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $252.89.

JPMorgan Chase & Co. Stock Down 1.3 %

Shares of JPMorgan Chase & Co. stock traded down $2.96 during trading on Tuesday, reaching $229.26. The company had a trading volume of 18,128,300 shares, compared to its average volume of 8,784,165. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. JPMorgan Chase & Co. has a fifty-two week low of $179.20 and a fifty-two week high of $280.25. The firm's fifty day moving average is $259.26 and its 200-day moving average is $238.70. The company has a market cap of $641.03 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.78. The firm had revenue of $42.77 billion for the quarter, compared to analysts' expectations of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. JPMorgan Chase & Co.'s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.04 earnings per share. On average, analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of 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.