Baltimore Washington Financial Advisors Inc. Boosts Stake in JPMorgan Chase & Co. (NYSE:JPM)

Baltimore Washington Financial Advisors Inc. boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 116,316 shares of the financial services provider's stock after acquiring an additional 2,782 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.4% of Baltimore Washington Financial Advisors Inc.'s portfolio, making the stock its 24th biggest holding. Baltimore Washington Financial Advisors Inc.'s holdings in JPMorgan Chase & Co. were worth $27,882,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth approximately $1,888,088,000. Fisher Asset Management LLC raised its holdings in JPMorgan Chase & Co. by 31.7% during the third quarter. Fisher Asset Management LLC now owns 16,784,272 shares of the financial services provider's stock worth $3,539,132,000 after purchasing an additional 4,043,841 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in JPMorgan Chase & Co. by 137.8% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,376,176 shares of the financial services provider's stock worth $922,760,000 after purchasing an additional 2,535,590 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in JPMorgan Chase & Co. by 93.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,692,159 shares of the financial services provider's stock valued at $567,669,000 after purchasing an additional 1,301,764 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of JPMorgan Chase & Co. by 7.2% in the third quarter. Franklin Resources Inc. now owns 15,073,193 shares of the financial services provider's stock valued at $3,338,955,000 after buying an additional 1,016,289 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on JPM. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price objective on the stock. in a research report on Thursday, November 7th. Piper Sandler increased their price target on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an "overweight" rating in a research report on Tuesday, December 3rd. Barclays raised their price objective on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods upped their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a research note on Thursday, January 16th. Finally, Bank of America raised their price target on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $251.78.

JPMorgan Chase & Co. Trading Down 1.8 %

Shares of NYSE JPM opened at $270.89 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The stock's 50 day moving average price is $250.08 and its two-hundred day moving average price is $230.67. JPMorgan Chase & Co. has a 52-week low of $172.62 and a 52-week high of $278.55. The stock has a market capitalization of $762.64 billion, a P/E ratio of 13.72, a PEG ratio of 2.94 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business's revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.04 EPS. On average, analysts anticipate that JPMorgan Chase & Co. will post 18.05 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Monday, January 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 25.33%.

Insider Activity

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the sale, the general counsel now directly owns 47,620 shares of the company's stock, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.79% of the company's stock.

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.

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