Essex Financial Services Inc. Has $16.35 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Essex Financial Services Inc. lifted its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 68,188 shares of the financial services provider's stock after purchasing an additional 1,596 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.2% of Essex Financial Services Inc.'s holdings, making the stock its 17th biggest holding. Essex Financial Services Inc.'s holdings in JPMorgan Chase & Co. were worth $16,345,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in JPM. Violich Capital Management Inc. grew its holdings in JPMorgan Chase & Co. by 1.7% during the 4th quarter. Violich Capital Management Inc. now owns 20,125 shares of the financial services provider's stock worth $4,824,000 after acquiring an additional 330 shares during the last quarter. Summit Trail Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 13.8% in the 4th quarter. Summit Trail Advisors LLC now owns 89,722 shares of the financial services provider's stock valued at $21,507,000 after acquiring an additional 10,879 shares during the period. Focus Financial Network Inc. raised its position in shares of JPMorgan Chase & Co. by 1.7% in the 4th quarter. Focus Financial Network Inc. now owns 34,737 shares of the financial services provider's stock valued at $8,327,000 after acquiring an additional 594 shares during the period. Sapient Capital LLC raised its position in shares of JPMorgan Chase & Co. by 2.3% in the 4th quarter. Sapient Capital LLC now owns 478,094 shares of the financial services provider's stock valued at $114,604,000 after acquiring an additional 10,621 shares during the period. Finally, Paladin Wealth LLC lifted its stake in JPMorgan Chase & Co. by 4.5% in the fourth quarter. Paladin Wealth LLC now owns 4,716 shares of the financial services provider's stock valued at $1,130,000 after buying an additional 205 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 4,273 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $269.85, for a total value of $1,153,069.05. Following the completion of the transaction, the chief operating officer now owns 54,469 shares of the company's stock, valued at approximately $14,698,459.65. This represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the completion of the transaction, the insider now directly owns 50,377 shares of the company's stock, valued at $13,606,323.93. This trade represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,326 shares of company stock valued at $12,448,445. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Price Performance

JPM traded down $2.02 on Friday, hitting $264.78. 5,916,011 shares of the stock were exchanged, compared to its average volume of 9,256,909. JPMorgan Chase & Co. has a 12 month low of $179.20 and a 12 month high of $280.25. The business has a 50-day moving average of $255.63 and a two-hundred day moving average of $234.48. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The firm has a market capitalization of $740.35 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 2.96 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $42.77 billion during the quarter, compared to analysts' expectations of $41.90 billion. During the same quarter in the prior year, the business posted $3.04 earnings per share. JPMorgan Chase & Co.'s revenue was up 10.9% compared to the same quarter last year. Sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were issued a $1.25 dividend. The ex-dividend date was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.89%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 25.33%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Truist Financial lifted their price target on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a "hold" rating in a research note on Thursday, January 16th. Baird R W lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 7th. Barclays boosted their price objective on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. UBS Group boosted their price objective on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods boosted their target price 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. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $251.78.

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.