Alta Advisers Ltd Purchases 1,424 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Alta Advisers Ltd increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 18.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,324 shares of the financial services provider's stock after purchasing an additional 1,424 shares during the period. JPMorgan Chase & Co. makes up about 1.4% of Alta Advisers Ltd's holdings, making the stock its 14th biggest position. Alta Advisers Ltd's holdings in JPMorgan Chase & Co. were worth $2,235,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in JPM. Principal Financial Group Inc. grew its position in JPMorgan Chase & Co. by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider's stock valued at $1,228,110,000 after purchasing an additional 182,648 shares during the period. Invst LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.4% in the third quarter. Invst LLC now owns 15,033 shares of the financial services provider's stock valued at $3,170,000 after buying an additional 204 shares in the last quarter. Passumpsic Savings Bank lifted its stake in shares of JPMorgan Chase & Co. by 15.1% in the third quarter. Passumpsic Savings Bank now owns 10,753 shares of the financial services provider's stock valued at $2,267,000 after buying an additional 1,407 shares in the last quarter. SOA Wealth Advisors LLC. grew its holdings in shares of JPMorgan Chase & Co. by 1.5% during the third quarter. SOA Wealth Advisors LLC. now owns 21,082 shares of the financial services provider's stock valued at $4,445,000 after buying an additional 311 shares during the last quarter. Finally, Morse Asset Management Inc increased its position in shares of JPMorgan Chase & Co. by 234.4% during the third quarter. Morse Asset Management Inc now owns 7,226 shares of the financial services provider's stock worth $1,524,000 after acquiring an additional 5,065 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM traded down $1.17 during mid-day trading on Friday, reaching $243.47. The company had a trading volume of 8,586,513 shares, compared to its average volume of 9,619,223. JPMorgan Chase & Co. has a one year low of $188.46 and a one year high of $280.25. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The company's 50-day moving average price is $241.63 and its 200-day moving average price is $243.39. The firm has a market cap of $677.58 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 2.83 and a beta of 1.01.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. During the same period in the previous year, the company posted $4.44 earnings per share. The business's revenue was up 8.0% on a year-over-year basis. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be issued a dividend of $1.40 per share. The ex-dividend date of this dividend is Friday, April 4th. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a yield of 2.30%. JPMorgan Chase & Co.'s dividend payout ratio is 27.49%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on JPM shares. StockNews.com cut shares of JPMorgan Chase & Co. from a "hold" rating to a "sell" rating in a research report on Monday, April 14th. Truist Financial set a $261.00 target price on JPMorgan Chase & Co. in a report on Monday, April 14th. Wolfe Research upgraded JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price target for the company in a report on Friday, January 3rd. KGI Securities started coverage on JPMorgan Chase & Co. in a research note on Sunday, April 13th. They set a "hold" rating on the stock. Finally, Bank of America cut their price objective on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of "Hold" and an average target price of $255.67.

Insiders Place Their Bets

In related news, insider Robin Leopold sold 1,250 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the completion of the transaction, the insider now directly owns 49,127 shares of the company's stock, valued at approximately $12,130,438.84. This trade represents a 2.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jennifer Piepszak sold 4,273 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the completion of the transaction, the chief operating officer now owns 54,469 shares of the company's stock, valued at $14,698,459.65. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,545 shares of company stock worth $19,149,144 over the last quarter. 0.47% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.