JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,906 shares of the financial services provider's stock after buying an additional 1,153 shares during the quarter. JPMorgan Chase & Co. makes up about 0.7% of Hanson & Doremus Investment Management's investment portfolio, making the stock its 26th largest holding. Hanson & Doremus Investment Management's holdings in JPMorgan Chase & Co. were worth $4,292,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC grew its position in shares of JPMorgan Chase & Co. by 0.9% during the third quarter. Geode Capital Management LLC now owns 58,344,186 shares of the financial services provider's stock worth $12,258,346,000 after buying an additional 505,830 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in JPMorgan Chase & Co. by 31.7% in the third quarter. Fisher Asset Management LLC now owns 16,784,272 shares of the financial services provider's stock worth $3,539,132,000 after purchasing an additional 4,043,841 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in JPMorgan Chase & Co. by 2.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,084,919 shares of the financial services provider's stock worth $3,180,806,000 after purchasing an additional 302,592 shares during the period. Franklin Resources Inc. boosted its holdings in JPMorgan Chase & Co. by 7.2% in the third quarter. Franklin Resources Inc. now owns 15,073,193 shares of the financial services provider's stock worth $3,338,955,000 after purchasing an additional 1,016,289 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in JPMorgan Chase & Co. in the third quarter worth $1,888,088,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on JPM shares. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price objective for the company. in a report on Thursday, November 7th. Baird R W downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Thursday, November 7th. Barclays lifted their price objective on shares of 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 raised their target price on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a "hold" rating in a research note on Thursday, January 16th. Finally, Bank of America raised their target price on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $251.78.

Insider Buying and Selling

In related news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, January 16th. The stock was 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 $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $268.15 on Wednesday. JPMorgan Chase & Co. has a fifty-two week low of $172.62 and a fifty-two week high of $270.82. The firm's 50-day simple moving average is $248.25 and its 200 day simple moving average is $228.90. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The stock has a market cap of $754.93 billion, a P/E ratio of 13.58, a P/E/G ratio of 2.87 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, 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%. JPMorgan Chase & Co.'s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company earned $3.04 earnings per share. Equities analysts expect that JPMorgan Chase & Co. will post 17.82 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Monday, January 6th. JPMorgan Chase & Co.'s payout ratio is currently 25.33%.

About JPMorgan Chase & Co.

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.

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