Ascent Capital Management LLC Buys New Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Ascent Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,950 shares of the financial services provider's stock, valued at approximately $467,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Midwest Capital Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth $43,000. Collier Financial acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at about $45,000. Lowe Wealth Advisors LLC increased its position in JPMorgan Chase & Co. by 34.0% in the 4th quarter. Lowe Wealth Advisors LLC now owns 201 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 51 shares during the period. Kieckhefer Group LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at approximately $50,000. Finally, Legacy Investment Solutions LLC acquired a new stake in JPMorgan Chase & Co. during the 3rd quarter worth approximately $45,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, 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 transaction of $337,612.50. Following the sale, the insider now owns 50,377 shares in the company, valued at approximately $13,606,323.93. This trade represents a 2.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $247.02, for a total value of $6,175,500.00. Following the transaction, the chief executive officer now directly owns 133,381 shares in the company, valued at approximately $32,947,774.62. This represents a 15.78 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 76,848 shares of company stock worth $19,987,908. Corporate insiders own 0.79% of the company's stock.

Remove Ads

JPMorgan Chase & Co. Price Performance

NYSE:JPM traded down $2.68 during mid-day trading on Thursday, hitting $248.35. 8,014,093 shares of the company's stock traded hands, compared to its average volume of 8,884,992. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The company has a market cap of $694.41 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. The firm's 50 day simple moving average is $257.99 and its 200 day simple moving average is $240.06. JPMorgan Chase & Co. has a 1 year low of $179.20 and a 1 year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping analysts' consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $42.77 billion during the quarter, compared to analysts' expectations of $41.90 billion. During the same period last year, the company posted $3.04 EPS. The company's revenue was up 10.9% on a year-over-year basis. Sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be paid a $1.40 dividend. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date is Friday, April 4th. This represents a $5.60 annualized dividend and a yield of 2.25%. JPMorgan Chase & Co.'s payout ratio is presently 28.37%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on JPM shares. Truist Financial boosted their target price on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a "hold" rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods upped their price objective on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a research report on Thursday, January 16th. Robert W. Baird raised shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and lifted their target price for the company from $215.00 to $220.00 in a report on Friday, March 7th. Bank of America increased their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. Finally, Wolfe Research raised JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price objective on the stock in a report on Friday, January 3rd. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $252.89.

About JPMorgan Chase & Co.

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.