JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Heritage Wealth Management Inc. CA

Heritage Wealth Management Inc. CA lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 151.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,716 shares of the financial services provider's stock after purchasing an additional 1,034 shares during the period. Heritage Wealth Management Inc. CA's holdings in JPMorgan Chase & Co. were worth $411,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Zions Bancorporation N.A. raised its position in shares of JPMorgan Chase & Co. by 16.9% in the fourth quarter. Zions Bancorporation N.A. now owns 13,041 shares of the financial services provider's stock valued at $3,126,000 after buying an additional 1,884 shares during the last quarter. Ashton Thomas Securities LLC lifted its stake in JPMorgan Chase & Co. by 13.8% in the 4th quarter. Ashton Thomas Securities LLC now owns 8,367 shares of the financial services provider's stock worth $2,003,000 after purchasing an additional 1,012 shares in the last quarter. TD Asset Management Inc. grew its position in shares of JPMorgan Chase & Co. by 3.0% in the fourth quarter. TD Asset Management Inc. now owns 4,959,479 shares of the financial services provider's stock valued at $1,188,837,000 after purchasing an additional 142,857 shares in the last quarter. Princeton Capital Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 56.5% in the fourth quarter. Princeton Capital Management LLC now owns 16,761 shares of the financial services provider's stock valued at $4,018,000 after purchasing an additional 6,051 shares during the last quarter. Finally, Prospect Financial Group LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth approximately $639,000. Institutional investors and hedge funds own 71.55% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Baird R W upgraded JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. Bank of America dropped their price objective on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a report on Wednesday. UBS Group lifted their target price on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Truist Financial raised their price target on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a "hold" rating in a report on Thursday, January 16th. Finally, Barclays increased their target price on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and an average target price of $255.06.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the sale, the chief executive officer now directly owns 158,381 shares of the company's stock, valued at approximately $42,737,529.04. This represents a 19.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the transaction, the general counsel now directly owns 47,620 shares of the company's stock, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,848 shares of company stock worth $19,987,908 over the last ninety days. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Down 7.0 %

Shares of JPM traded down $17.23 during midday trading on Thursday, hitting $228.60. The company had a trading volume of 17,164,458 shares, compared to its average volume of 9,397,733. The stock has a market cap of $639.18 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 2.83 and a beta of 1.10. The company's 50 day moving average price is $255.80 and its 200 day moving average price is $241.27. 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. has a 52 week low of $179.20 and a 52 week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. During the same period in the previous year, the company earned $3.04 earnings per share. JPMorgan Chase & Co.'s quarterly revenue was up 10.9% on a year-over-year basis. On average, equities research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be given a dividend of $1.40 per share. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio is currently 28.37%.

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.