JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by HUB Investment Partners LLC

HUB Investment Partners LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 141,533 shares of the financial services provider's stock after acquiring an additional 8,811 shares during the period. JPMorgan Chase & Co. comprises approximately 1.4% of HUB Investment Partners LLC's portfolio, making the stock its 9th biggest holding. HUB Investment Partners LLC's holdings in JPMorgan Chase & Co. were worth $33,927,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Midwest Capital Advisors LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $43,000. Legacy Investment Solutions LLC bought a new position in JPMorgan Chase & Co. in the third quarter worth about $45,000. Collier Financial purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $45,000. Lowe Wealth Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 34.0% during the 4th quarter. Lowe Wealth Advisors LLC now owns 201 shares of the financial services provider's stock valued at $48,000 after buying an additional 51 shares in the last quarter. Finally, Kieckhefer Group LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $50,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Robin Leopold sold 1,250 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the sale, the insider now owns 50,377 shares in the company, valued at approximately $13,606,323.93. The trade was a 2.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value of $10,119,000.00. Following the transaction, the chief executive officer now owns 158,381 shares of the company's stock, valued at $42,737,529.04. This trade represents a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,848 shares of company stock valued at $19,987,908. 0.79% of the stock is currently owned by insiders.

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Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Bank of America increased their target price on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. Barclays lifted their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Truist Financial boosted their price target on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a "hold" rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods increased their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a research report on Thursday, January 16th. Finally, Piper Sandler boosted their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 3rd. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of "Moderate Buy" and a consensus target price of $252.89.

JPMorgan Chase & Co. Price Performance

JPM stock traded up $2.81 during trading on Monday, hitting $245.66. The stock had a trading volume of 13,598,748 shares, compared to its average volume of 9,360,583. JPMorgan Chase & Co. has a twelve month low of $179.20 and a twelve month high of $280.25. The company's 50-day moving average price is $257.27 and its two-hundred day moving average price is $241.05. 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 has a market capitalization of $686.89 billion, a P/E ratio of 12.44, a PEG ratio of 2.83 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.03 by $0.78. The firm had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business's revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.04 earnings per share. As a group, research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS 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 dividend of $1.40 per share. The ex-dividend date of this dividend is Friday, April 4th. This is a boost 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 2.28%. JPMorgan Chase & Co.'s dividend payout ratio is currently 28.37%.

JPMorgan Chase & Co. Company 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.