Diversified Enterprises LLC Has $3.17 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Diversified Enterprises LLC raised its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 14.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,217 shares of the financial services provider's stock after acquiring an additional 1,703 shares during the quarter. JPMorgan Chase & Co. makes up approximately 0.3% of Diversified Enterprises LLC's portfolio, making the stock its 25th biggest position. Diversified Enterprises LLC's holdings in JPMorgan Chase & Co. were worth $3,168,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Midwest Capital Advisors LLC purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at $43,000. Legacy Investment Solutions LLC purchased a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $45,000. Collier Financial purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $45,000. Lowe Wealth Advisors LLC grew its position in shares of 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 buying an additional 51 shares in the last quarter. Finally, Kieckhefer Group LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $50,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Down 1.1 %

Shares of NYSE:JPM traded down $2.68 on Thursday, reaching $248.35. The company had a trading volume of 8,014,093 shares, compared to its average volume of 8,884,992. The stock has a market capitalization of $694.41 billion, a P/E ratio of 12.58, a P/E/G ratio of 2.83 and a beta of 1.10. The stock has a 50-day moving average price of $257.99 and a 200 day moving average price of $240.06. JPMorgan Chase & Co. has a twelve month low of $179.20 and a twelve month high of $280.25. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

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

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be issued a $1.40 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $5.60 dividend on an annualized basis and a yield of 2.25%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 28.37%.

Insiders Place Their Bets

In related news, 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 transaction of $838,763.82. Following the transaction, the general counsel now owns 47,620 shares of the company's stock, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $246.92, for a total transaction of $308,650.00. Following the completion of the sale, the insider now directly owns 49,127 shares of the company's stock, valued at approximately $12,130,438.84. This trade represents a 2.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 76,848 shares of company stock valued at $19,987,908 in the last three months. Company insiders own 0.79% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on JPM. Keefe, Bruyette & Woods boosted their price target 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. UBS Group increased their price objective on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Wolfe Research raised shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 target price for the company in a report on Friday, January 3rd. Truist Financial boosted their price target 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. Finally, Robert W. Baird upgraded JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and lifted their target price for the company from $215.00 to $220.00 in a research note on Friday, March 7th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $252.89.

JPMorgan Chase & Co. 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.