Clare Market Investments LLC Buys Shares of 7,213 JPMorgan Chase & Co. (NYSE:JPM)

Clare Market Investments LLC acquired a new position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,213 shares of the financial services provider's stock, valued at approximately $1,729,000.

A number of other hedge funds have also recently made changes to their positions in JPM. Principal Financial Group Inc. boosted its stake in JPMorgan Chase & Co. by 3.2% during the third 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 buying an additional 182,648 shares during the last quarter. United Bank boosted its stake in JPMorgan Chase & Co. by 2.5% during the third quarter. United Bank now owns 25,354 shares of the financial services provider's stock valued at $5,346,000 after buying an additional 614 shares during the last quarter. Intellectus Partners LLC boosted its stake in JPMorgan Chase & Co. by 2.6% during the third quarter. Intellectus Partners LLC now owns 19,767 shares of the financial services provider's stock valued at $4,168,000 after buying an additional 500 shares during the last quarter. CIBC Asset Management Inc boosted its stake in JPMorgan Chase & Co. by 6.3% during the third quarter. CIBC Asset Management Inc now owns 498,375 shares of the financial services provider's stock valued at $105,012,000 after buying an additional 29,470 shares during the last quarter. Finally, First Business Financial Services Inc. boosted its stake in JPMorgan Chase & Co. by 2.4% during the third quarter. First Business Financial Services Inc. now owns 30,907 shares of the financial services provider's stock valued at $6,517,000 after buying an additional 712 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

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JPMorgan Chase & Co. Trading Up 1.0 %

Shares of NYSE JPM traded up $2.48 during midday trading on Friday, hitting $241.49. The company's stock had a trading volume of 19,301,450 shares, compared to its average volume of 8,866,821. 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 business's 50 day moving average is $257.86 and its two-hundred day moving average is $239.35. JPMorgan Chase & Co. has a 12-month low of $179.20 and a 12-month high of $280.25. The firm has a market cap of $675.24 billion, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10.

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 EPS for the quarter, topping the consensus estimate of $4.03 by $0.78. The company had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. JPMorgan Chase & Co.'s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the business posted $3.04 EPS. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company 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. 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 2.32%. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 28.37%.

Analysts Set New Price Targets

JPM has been the subject of a number of research reports. Baird R W raised JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods upped their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a research report on Thursday, January 16th. Barclays upped their price objective on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Wolfe Research upgraded JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price objective on the stock in a research report on Friday, January 3rd. Finally, Truist Financial upped their price objective on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a "hold" rating in a research report on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of "Moderate Buy" and a consensus target price of $252.89.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the firm's stock in a transaction 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 directly owns 50,377 shares in the company, valued at $13,606,323.93. This trade represents a 2.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 3,303 shares of the 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 sale, the general counsel now directly owns 47,620 shares in the company, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,326 shares of company stock worth $12,448,445 in the last ninety days. 0.79% of the stock is 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. 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.