Greenleaf Trust Purchases 1,112 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Greenleaf Trust increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 129,679 shares of the financial services provider's stock after buying an additional 1,112 shares during the period. JPMorgan Chase & Co. comprises approximately 0.3% of Greenleaf Trust's holdings, making the stock its 25th biggest holding. Greenleaf Trust's holdings in JPMorgan Chase & Co. were worth $31,085,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in JPM. AMF Tjanstepension AB boosted its stake in JPMorgan Chase & Co. by 17.2% during the 3rd quarter. AMF Tjanstepension AB now owns 473,785 shares of the financial services provider's stock valued at $99,972,000 after acquiring an additional 69,451 shares during the last quarter. Alpha Financial Partners LLC raised its stake in shares of JPMorgan Chase & Co. by 11.5% in the 3rd quarter. Alpha Financial Partners LLC now owns 3,329 shares of the financial services provider's stock valued at $702,000 after purchasing an additional 343 shares in the last quarter. Strong Tower Advisory Services lifted its position in shares of JPMorgan Chase & Co. by 16.0% during the third quarter. Strong Tower Advisory Services now owns 10,204 shares of the financial services provider's stock worth $2,152,000 after purchasing an additional 1,409 shares during the last quarter. Fermata Advisors LLC grew its stake in JPMorgan Chase & Co. by 7.3% in the third quarter. Fermata Advisors LLC now owns 2,196 shares of the financial services provider's stock worth $463,000 after purchasing an additional 150 shares in the last quarter. Finally, Charles Schwab Trust Co increased its holdings in JPMorgan Chase & Co. by 2.9% in the third quarter. Charles Schwab Trust Co now owns 24,913 shares of the financial services provider's stock valued at $5,253,000 after buying an additional 709 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Wall Street Analysts Forecast Growth

JPM has been the topic of several research analyst reports. Barclays raised their price objective on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Evercore ISI lifted their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price objective on the stock. in a research note on Thursday, November 7th. Bank of America raised their target price on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. Finally, Truist Financial upped their target price on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a "hold" rating in a report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $251.78.

Insider Activity

In related news, General Counsel Stacey Friedman sold 3,303 shares of the business's stock in a transaction that occurred 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 directly 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 document filed with the SEC, which is accessible through the SEC website. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Trading Down 1.8 %

Shares of NYSE:JPM traded down $4.91 during mid-day trading on Monday, hitting $270.89. The stock had a trading volume of 8,623,124 shares, compared to its average volume of 9,703,267. The company's 50 day moving average is $250.08 and its 200-day moving average is $230.67. JPMorgan Chase & Co. has a 12-month low of $172.62 and a 12-month high of $278.55. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The company has a market cap of $762.64 billion, a PE ratio of 13.72, a P/E/G ratio of 2.94 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. During the same quarter in the prior year, the company earned $3.04 earnings per share. The company's revenue for the quarter was up 10.9% on a year-over-year basis. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 18.05 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.85%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 25.33%.

JPMorgan Chase & Co. Company 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.