GKV Capital Management Co. Inc. Buys Shares of 10,358 JPMorgan Chase & Co. (NYSE:JPM)

GKV Capital Management Co. Inc. bought a new stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,358 shares of the financial services provider's stock, valued at approximately $2,483,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Redwood Park Advisors LLC bought a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $29,000. Sellwood Investment Partners LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $34,000. Investment Counsel Co. of Nevada acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $37,000. Midwest Capital Advisors LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter worth $43,000. Finally, Prudent Man Investment Management Inc. bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $43,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. UBS Group raised their target price on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a report on Thursday. Wolfe Research raised JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 target price for the company in a research note on Friday, January 3rd. Evercore ISI dropped their target price on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st. StockNews.com lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "sell" rating in a report on Monday. Finally, Truist Financial set a $261.00 target price on JPMorgan Chase & Co. in a research note on Monday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $255.67.

JPMorgan Chase & Co. Stock Up 0.9 %

JPMorgan Chase & Co. stock traded up $2.18 during mid-day trading on Friday, reaching $231.79. The stock had a trading volume of 9,553,647 shares, compared to its average volume of 9,616,766. The company has a market capitalization of $645.07 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 2.83 and a beta of 1.01. 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 company has a 50-day moving average price of $244.72 and a two-hundred day moving average price of $242.59. JPMorgan Chase & Co. has a one year low of $181.41 and a one year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating analysts' consensus estimates of $4.63 by $0.44. The company had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. JPMorgan Chase & Co.'s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.44 earnings per share. On average, analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be paid a dividend of $1.40 per share. The ex-dividend date of this dividend is Friday, April 4th. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.42%. JPMorgan Chase & Co.'s payout ratio is 27.49%.

Insider Buying and Selling

In other news, COO Jennifer Piepszak sold 4,273 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.85, for a total value of $1,153,069.05. Following the sale, the chief operating officer now directly owns 54,469 shares of the company's stock, valued at approximately $14,698,459.65. The trade was a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $246.92, for a total value of $308,650.00. Following the completion of the sale, the insider now directly owns 49,127 shares in the company, valued at approximately $12,130,438.84. The trade was a 2.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,545 shares of company stock valued at $19,149,144. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Profile

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.