Integrated Wealth Concepts LLC Has $38.73 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Integrated Wealth Concepts LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,549 shares of the financial services provider's stock after buying an additional 15,079 shares during the period. Integrated Wealth Concepts LLC's holdings in JPMorgan Chase & Co. were worth $38,725,000 at the end of the most recent quarter.

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

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock traded down $1.17 during trading on Friday, reaching $243.47. 8,586,513 shares of the company's stock were exchanged, compared to its average volume of 9,618,679. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. JPMorgan Chase & Co. has a 1-year low of $188.46 and a 1-year high of $280.25. The company has a market cap of $677.58 billion, a P/E ratio of 12.33, a PEG ratio of 2.83 and a beta of 1.01. The firm's 50-day moving average price is $240.91 and its 200 day moving average price is $243.61.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate of $4.63 by $0.44. The firm had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.44 earnings per share. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be given a $1.40 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $5.60 dividend on an annualized basis and a yield of 2.30%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.49%.

Insiders Place Their Bets

In related news, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred 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 in the company, valued at $42,737,529.04. This trade represents a 19.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $246.92, for a total transaction of $308,650.00. Following the completion of the transaction, the insider now owns 49,127 shares of the company's stock, valued at approximately $12,130,438.84. This trade represents a 2.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,545 shares of company stock valued at $19,149,144. 0.47% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Bank of America decreased their price objective on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Robert W. Baird raised shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and increased their price objective for the stock from $215.00 to $220.00 in a research report on Friday, March 7th. StockNews.com cut shares of JPMorgan Chase & Co. from a "hold" rating to a "sell" rating in a research report on Monday, April 14th. KGI Securities assumed coverage on JPMorgan Chase & Co. in a report on Sunday, April 13th. They set a "hold" rating for the company. Finally, Truist Financial set a $261.00 price objective on JPMorgan Chase & Co. in a research report on Monday, April 14th. One investment 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.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $255.67.

About JPMorgan Chase & Co.

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.