BluePointe Capital Management LLC Takes Position in JPMorgan Chase & Co. (NYSE:JPM)

BluePointe Capital Management LLC purchased a new position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,047 shares of the financial services provider's stock, valued at approximately $491,000.

A number of other institutional investors have also made changes to their positions in the stock. Midwest Capital Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter worth $43,000. Legacy Investment Solutions LLC acquired a new stake in JPMorgan Chase & Co. during the 3rd quarter worth $45,000. Collier Financial bought a new position in JPMorgan Chase & Co. during the fourth quarter worth about $45,000. Lowe Wealth Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 34.0% during the fourth quarter. Lowe Wealth Advisors LLC now owns 201 shares of the financial services provider's stock worth $48,000 after acquiring an additional 51 shares in the last quarter. Finally, Kieckhefer Group LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at about $50,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Robin Leopold sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Stacey Friedman sold 3,303 shares of the business's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the sale, the general counsel now 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 disclosure for this sale can be found here. Insiders sold 76,848 shares of company stock worth $19,987,908 over the last three months. Insiders own 0.79% of the company's stock.

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Analyst Ratings Changes

Several analysts have commented on the stock. Keefe, Bruyette & Woods raised their target price on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a report on Thursday, January 16th. Baird R W upgraded shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. UBS Group upped their target price on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Truist Financial lifted their price target on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a "hold" rating in a research note on Thursday, January 16th. Finally, Robert W. Baird upgraded JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $215.00 to $220.00 in a report on Friday, March 7th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of "Moderate Buy" and a consensus price target of $252.89.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock traded up $2.81 on Monday, reaching $245.66. The stock had a trading volume of 13,598,748 shares, compared to its average volume of 9,360,583. JPMorgan Chase & Co. has a 12 month low of $179.20 and a 12 month high of $280.25. The firm has a market capitalization of $686.89 billion, a price-to-earnings ratio of 12.44, a P/E/G ratio of 2.83 and a beta of 1.10. The firm's 50-day moving average is $257.27 and its two-hundred day moving average is $241.05. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released 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. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. During the same quarter in the prior year, the company earned $3.04 earnings per share. The business's revenue for the quarter was up 10.9% compared to the same quarter last year. On average, research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be paid a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Friday, April 4th. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 28.37%.

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.