JPMorgan Chase & Co. (NYSE:JPM) is Hoey Investments Inc.'s 9th Largest Position

Hoey Investments Inc. increased its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 40.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,396 shares of the financial services provider's stock after acquiring an additional 10,517 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.5% of Hoey Investments Inc.'s portfolio, making the stock its 9th biggest position. Hoey Investments Inc.'s holdings in JPMorgan Chase & Co. were worth $8,724,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in JPM. Alliancebernstein L.P. lifted its holdings in JPMorgan Chase & Co. by 2.1% in the fourth quarter. Alliancebernstein L.P. now owns 6,109,144 shares of the financial services provider's stock worth $1,464,423,000 after buying an additional 127,783 shares during the period. Prudent Man Investment Management Inc. bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $43,000. Bedell Frazier Investment Counselling LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.0% in the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 13,908 shares of the financial services provider's stock valued at $3,334,000 after purchasing an additional 137 shares during the period. Edmond DE Rothschild Holding S.A. boosted its position in shares of JPMorgan Chase & Co. by 25.6% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 111,210 shares of the financial services provider's stock valued at $26,658,000 after purchasing an additional 22,701 shares in the last quarter. Finally, D L Carlson Investment Group Inc. grew its stake in JPMorgan Chase & Co. by 2.5% in the fourth quarter. D L Carlson Investment Group Inc. now owns 39,233 shares of the financial services provider's stock worth $9,405,000 after purchasing an additional 961 shares during the period. Institutional investors own 71.55% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have commented on JPM. Truist Financial lowered their price objective on JPMorgan Chase & Co. from $268.00 to $264.00 and set a "hold" rating for the company in a research report on Friday. Keefe, Bruyette & Woods increased 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 research note on Thursday, January 16th. Robert W. Baird raised shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and boosted their price objective for the stock from $215.00 to $220.00 in a research note on Friday, March 7th. Baird R W upgraded shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. Finally, Bank of America lowered their target price 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, April 2nd. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $254.83.

JPMorgan Chase & Co. Trading Up 1.8 %

Shares of JPM traded up $3.73 during mid-day trading on Monday, reaching $214.01. 22,899,437 shares of the company's stock traded hands, compared to its average volume of 9,534,423. 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 stock's 50-day moving average is $253.67 and its two-hundred day moving average is $241.77. JPMorgan Chase & Co. has a 12 month low of $179.20 and a 12 month high of $280.25. The stock has a market cap of $598.39 billion, a P/E ratio of 10.84, a P/E/G ratio of 2.83 and a beta of 1.01.

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

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 annualized dividend and a dividend yield of 2.62%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s payout ratio is currently 28.37%.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 1,250 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the transaction, the insider now directly owns 50,377 shares of the company's stock, valued at approximately $13,606,323.93. This represents a 2.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jennifer Piepszak sold 4,273 shares of the company's 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 transaction, the chief operating officer now directly owns 54,469 shares in the company, valued at $14,698,459.65. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,848 shares of company stock valued at $19,987,908. Company insiders own 0.79% of the company's stock.

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.