JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Summit Financial LLC

Summit Financial LLC lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 8.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,276 shares of the financial services provider's stock after purchasing an additional 7,167 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 0.8% of Summit Financial LLC's portfolio, making the stock its 18th largest holding. Summit Financial LLC's holdings in JPMorgan Chase & Co. were worth $22,599,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sellwood Investment Partners LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $34,000. Prudent Man Investment Management Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $43,000. Midwest Capital Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $43,000. Collier Financial acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth about $45,000. Finally, Lowe Wealth Advisors LLC lifted its stake in JPMorgan Chase & Co. by 34.0% in 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. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,272 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.03, for a total transaction of $1,055,312.16. Following the completion of the sale, the chief operating officer now directly owns 50,197 shares of the company's stock, valued at $12,400,164.91. This represents a 7.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robin Leopold sold 1,250 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $246.92, for a total value of $308,650.00. Following the sale, the insider now owns 49,127 shares of the company's stock, valued at $12,130,438.84. This trade represents a 2.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,848 shares of company stock worth $19,987,908. Corporate insiders own 0.79% of the company's stock.

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JPMorgan Chase & Co. Stock Up 1.8 %

Shares of NYSE JPM traded up $3.73 during midday trading on Monday, hitting $214.01. 22,899,437 shares of the company's stock were exchanged, compared to its average volume of 9,534,423. The firm's fifty day simple moving average is $253.67 and its 200-day simple moving average is $241.77. The company has a market cap of $598.39 billion, a PE ratio of 10.84, a P/E/G ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a twelve month low of $179.20 and a twelve month high of $280.25. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping analysts' consensus estimates of $4.03 by $0.78. The company had revenue of $42.77 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the company earned $3.04 earnings per share. Research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be issued a dividend of $1.40 per share. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. 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%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 28.37%.

Wall Street Analysts Forecast Growth

JPM has been the subject of several research reports. Baird R W upgraded JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research report on Friday, March 7th. Truist Financial dropped their target price on shares of JPMorgan Chase & Co. from $268.00 to $264.00 and set a "hold" rating for the company in a report on Friday. Robert W. Baird raised shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and raised their price target for the stock from $215.00 to $220.00 in a research note on Friday, March 7th. UBS Group boosted their price target on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Finally, Wolfe Research upgraded shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price objective for the company in a report on Friday, January 3rd. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $254.83.

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.