Madison Investment Advisors LLC acquired a new stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 159,007 shares of the financial services provider's stock, valued at approximately $38,116,000.
Other hedge funds have also recently bought and sold shares of the company. JPL Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $4,004,000. Phillips Financial Management LLC raised its holdings in JPMorgan Chase & Co. by 1.2% during the 4th quarter. Phillips Financial Management LLC now owns 16,100 shares of the financial services provider's stock worth $3,859,000 after buying an additional 188 shares during the period. Thompson Siegel & Walmsley LLC raised its holdings in JPMorgan Chase & Co. by 0.6% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 97,925 shares of the financial services provider's stock worth $23,474,000 after buying an additional 629 shares during the period. Impact Capital Partners LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $3,970,000. Finally, Commonwealth Equity Services LLC increased its position in shares of JPMorgan Chase & Co. by 0.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,766,041 shares of the financial services provider's stock worth $423,338,000 after acquiring an additional 7,886 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.
Insider Buying and Selling at JPMorgan Chase & Co.
In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,273 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total value of $1,153,069.05. Following the sale, the chief operating officer now directly owns 54,469 shares in the company, valued at $14,698,459.65. This represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 approximately $12,092,622.80. The trade was a 6.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,848 shares of company stock valued at $19,987,908 in the last 90 days. 0.79% of the stock is currently owned by company insiders.
JPMorgan Chase & Co. Stock Performance
JPM stock traded down $2.80 on Monday, reaching $240.06. 1,697,791 shares of the company were exchanged, compared to its average volume of 9,314,618. The firm has a market capitalization of $671.22 billion, a PE ratio of 12.16, a PEG ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a 12 month low of $179.20 and a 12 month high of $280.25. The stock's fifty day moving average price is $257.55 and its 200 day moving average price is $240.77. 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 announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating analysts' consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. During the same quarter in the prior year, the business earned $3.04 earnings per share. The firm's revenue for the quarter was up 10.9% on a year-over-year basis. On average, research analysts anticipate 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. Stockholders of record on Friday, April 4th will be given a dividend of $1.40 per share. The ex-dividend date 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 2.33%. JPMorgan Chase & Co.'s payout ratio is currently 28.37%.
Analyst Upgrades and Downgrades
JPM has been the subject of several research analyst reports. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price target for the company in a research report on Friday, January 3rd. Robert W. Baird upgraded JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and increased their target price for the company from $215.00 to $220.00 in a report on Friday, March 7th. Barclays lifted their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Bank of America increased their price objective 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. Finally, Truist Financial raised their price objective on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a "hold" rating in a research report on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and an average price target of $252.89.
Check Out Our Latest Report on JPMorgan Chase & Co.
JPMorgan Chase & Co. Company Profile
(
Free Report)
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.
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