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

Colrain Capital LLC purchased a new stake 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 SEC. The fund purchased 1,500 shares of the financial services provider's stock, valued at approximately $360,000. JPMorgan Chase & Co. accounts for approximately 0.4% of Colrain Capital LLC's holdings, making the stock its 24th biggest holding.

Several other institutional investors have also recently made changes to their positions in JPM. Sellwood Investment Partners LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $34,000. Midwest Capital Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $43,000. Prudent Man Investment Management Inc. acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $43,000. Legacy Investment Solutions LLC acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at approximately $45,000. Finally, Collier Financial purchased a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on JPM. Truist Financial dropped their price objective on JPMorgan Chase & Co. from $268.00 to $264.00 and set a "hold" rating for the company in a research note on Friday. Robert W. Baird upgraded shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $215.00 to $220.00 in a research note on Friday, March 7th. Baird R W raised shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. Bank of America dropped their price objective on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Finally, Barclays increased their target price on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $254.83.

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Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 1,250 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the sale, the insider now directly owns 50,377 shares of the company's stock, valued at approximately $13,606,323.93. The trade was a 2.42 % decrease in their position. The transaction 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 firm's stock in a transaction that occurred 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 transaction, the general counsel now owns 47,620 shares in the company, valued at $12,092,622.80. This represents a 6.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 76,848 shares of company stock worth $19,987,908 over the last 90 days. Corporate insiders own 0.79% of the company's stock.

JPMorgan Chase & Co. Stock Up 1.8 %

Shares of JPM traded up $3.73 during mid-day trading on Monday, reaching $214.01. The company's stock had a trading volume of 22,899,437 shares, compared to its average volume of 9,534,423. The company's 50 day moving average is $253.67 and its 200 day moving average is $241.77. The stock has a market cap of $598.39 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a 12-month low of $179.20 and a 12-month high of $280.25. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating the consensus estimate of $4.03 by $0.78. The company had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm's revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.04 earnings per share. Equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be given a $1.40 dividend. 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. This represents a $5.60 dividend on an annualized basis and a yield of 2.62%. JPMorgan Chase & Co.'s payout ratio is 28.37%.

About JPMorgan Chase & Co.

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.