Burling Wealth Partners LLC Invests $14.52 Million in JPMorgan Chase & Co. (NYSE:JPM)

Burling Wealth Partners LLC acquired a new stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 60,562 shares of the financial services provider's stock, valued at approximately $14,517,000. JPMorgan Chase & Co. comprises 3.0% of Burling Wealth Partners LLC's investment portfolio, making the stock its 8th largest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. DDD Partners LLC increased its holdings in shares of JPMorgan Chase & Co. by 2.8% in the fourth quarter. DDD Partners LLC now owns 1,416 shares of the financial services provider's stock valued at $339,000 after purchasing an additional 38 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its holdings in JPMorgan Chase & Co. by 1.5% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 2,594 shares of the financial services provider's stock valued at $622,000 after buying an additional 38 shares in the last quarter. Rappaport Reiches Capital Management LLC increased its stake in shares of JPMorgan Chase & Co. by 3.8% in the 4th quarter. Rappaport Reiches Capital Management LLC now owns 1,068 shares of the financial services provider's stock worth $256,000 after acquiring an additional 39 shares during the last quarter. Yoder Wealth Management Inc. raised its holdings in shares of JPMorgan Chase & Co. by 2.8% during the 4th quarter. Yoder Wealth Management Inc. now owns 1,436 shares of the financial services provider's stock worth $344,000 after acquiring an additional 39 shares during the period. Finally, Almanack Investment Partners LLC. boosted its position in shares of JPMorgan Chase & Co. by 0.8% during the 4th quarter. Almanack Investment Partners LLC. now owns 5,143 shares of the financial services provider's stock valued at $1,233,000 after acquiring an additional 39 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on JPM. KGI Securities initiated coverage on shares of JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a "hold" rating for the company. Bank of America decreased their price objective on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. StockNews.com cut JPMorgan Chase & Co. from a "hold" rating to a "sell" rating in a research note on Monday, April 14th. Evercore ISI reduced their target price on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. Finally, Truist Financial set a $261.00 price target on JPMorgan Chase & Co. in a report on Monday, April 14th. One 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 data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $255.67.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 1,250 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the transaction, the insider now owns 50,377 shares of the company's stock, valued at $13,606,323.93. This represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Jennifer Piepszak sold 4,272 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $247.03, for a total value of $1,055,312.16. Following the completion of the sale, the chief operating officer now owns 50,197 shares in the company, valued at approximately $12,400,164.91. This represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,545 shares of company stock valued at $19,149,144. Insiders own 0.79% of the company's stock.

JPMorgan Chase & Co. Trading Up 2.3 %

NYSE:JPM opened at $240.91 on Thursday. JPMorgan Chase & Co. has a 12-month low of $188.46 and a 12-month high of $280.25. The firm has a market cap of $670.46 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. 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 stock has a fifty day moving average price of $242.26 and a 200 day moving average price of $243.15.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. During the same quarter last year, the business posted $4.44 EPS. The business's quarterly revenue was up 8.0% compared to the same quarter last year. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared 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. This represents a $5.60 annualized dividend and a yield of 2.32%. The ex-dividend date is Friday, April 4th. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s payout ratio is 27.49%.

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.

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