JPMorgan Chase & Co. (NYSE:JPM) is Golden State Equity Partners' 9th Largest Position

Golden State Equity Partners grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1,400.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,645 shares of the financial services provider's stock after buying an additional 30,469 shares during the quarter. JPMorgan Chase & Co. accounts for 1.5% of Golden State Equity Partners' investment portfolio, making the stock its 9th largest holding. Golden State Equity Partners' holdings in JPMorgan Chase & Co. were worth $7,825,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Avantra Family Wealth Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $939,000. Spire Wealth Management raised its position in JPMorgan Chase & Co. by 1.0% in the fourth quarter. Spire Wealth Management now owns 95,060 shares of the financial services provider's stock worth $22,787,000 after acquiring an additional 911 shares in the last quarter. Bluesphere Advisors LLC raised its position in JPMorgan Chase & Co. by 3.6% in the fourth quarter. Bluesphere Advisors LLC now owns 6,076 shares of the financial services provider's stock worth $1,456,000 after acquiring an additional 212 shares in the last quarter. Five Oceans Advisors lifted its holdings in JPMorgan Chase & Co. by 3.8% in the fourth quarter. Five Oceans Advisors now owns 7,553 shares of the financial services provider's stock valued at $1,811,000 after acquiring an additional 277 shares during the period. Finally, Journey Strategic Wealth LLC boosted its position in shares of JPMorgan Chase & Co. by 15.3% during the 4th quarter. Journey Strategic Wealth LLC now owns 20,790 shares of the financial services provider's stock worth $4,984,000 after purchasing an additional 2,762 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Down 1.8 %

Shares of NYSE:JPM traded down $4.91 during midday trading on Monday, reaching $270.89. The company's stock had a trading volume of 8,623,124 shares, compared to its average volume of 9,703,267. The firm has a market cap of $762.64 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 2.94 and a beta of 1.12. The business has a 50 day moving average price of $250.08 and a 200 day moving average price of $230.67. JPMorgan Chase & Co. has a 1 year low of $172.62 and a 1 year high of $278.55. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

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, beating the consensus estimate of $4.03 by $0.78. The company had revenue of $42.77 billion during the quarter, compared to analysts' expectations of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm's revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.04 EPS. Research analysts forecast that JPMorgan Chase & Co. will post 18.05 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.'s dividend payout ratio is currently 25.33%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the company's 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 completion of the sale, the general counsel now directly owns 47,620 shares in the company, valued at $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.79% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

JPM has been the subject of a number of research analyst reports. Royal Bank of Canada increased their price target on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Piper Sandler increased their target price on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an "overweight" rating in a report on Tuesday, December 3rd. Oppenheimer lowered JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a research note on Wednesday, November 20th. Wells Fargo & Company raised their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Finally, Baird R W downgraded JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $251.78.

JPMorgan Chase & Co. Company Profile

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.