CX Institutional Buys 2,925 Shares of JPMorgan Chase & Co. (NYSE:JPM)

CX Institutional raised its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 14.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,537 shares of the financial services provider's stock after purchasing an additional 2,925 shares during the quarter. CX Institutional's holdings in JPMorgan Chase & Co. were worth $5,642,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in JPM. Mizuho Securities Co. Ltd. acquired a new position in shares of JPMorgan Chase & Co. in the third quarter valued at $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at $27,000. West Financial Advisors LLC bought a new position in JPMorgan Chase & Co. in the 3rd quarter valued at approximately $37,000. New England Capital Financial Advisors LLC raised its holdings in JPMorgan Chase & Co. by 38.5% in the 3rd quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider's stock valued at $38,000 after buying an additional 50 shares during the last quarter. Finally, Carolina Wealth Advisors LLC increased its holdings in JPMorgan Chase & Co. by 36.0% in the third quarter. Carolina Wealth Advisors LLC now owns 189 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 50 shares during the period. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Performance

JPM traded up $1.83 during trading hours on Thursday, hitting $268.41. The stock had a trading volume of 1,863,638 shares, compared to its average volume of 10,291,610. The company's fifty day simple moving average is $247.08 and its 200 day simple moving average is $227.63. JPMorgan Chase & Co. has a 1 year low of $171.43 and a 1 year high of $270.68. The stock has a market cap of $755.66 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 2.83 and a beta of 1.11. 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 EPS for the quarter, topping the consensus estimate of $4.03 by $0.78. The company had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. JPMorgan Chase & Co.'s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the firm earned $3.04 EPS. Equities analysts anticipate that JPMorgan Chase & Co. will post 17.82 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 25.33%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on JPM. Citigroup upped their price objective on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a "neutral" rating in a research note on Tuesday, November 19th. Robert W. Baird downgraded JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price target for the company. in a report on Thursday, November 7th. Keefe, Bruyette & Woods increased their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a report on Thursday, January 16th. Piper Sandler increased their price target on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an "overweight" rating in a report on Tuesday, December 3rd. Finally, Daiwa Capital Markets decreased their price target on JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating for the company in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $251.78.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the firm's stock in a transaction dated 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 owns 47,620 shares of the company's stock, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.79% of the stock is currently owned by insiders.

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.