Meitav Investment House Ltd. Grows Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Meitav Investment House Ltd. increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 199,036 shares of the financial services provider's stock after purchasing an additional 1,485 shares during the quarter. Meitav Investment House Ltd.'s holdings in JPMorgan Chase & Co. were worth $47,678,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JPM. Handelsbanken Fonder AB boosted its holdings in shares of JPMorgan Chase & Co. by 7.7% during the 4th quarter. Handelsbanken Fonder AB now owns 1,361,319 shares of the financial services provider's stock valued at $326,322,000 after purchasing an additional 97,499 shares during the last quarter. WealthCare Investment Partners LLC bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $219,000. Wealth Alliance grew its holdings in JPMorgan Chase & Co. by 2.6% during the 4th quarter. Wealth Alliance now owns 16,380 shares of the financial services provider's stock valued at $3,926,000 after buying an additional 411 shares in the last quarter. LMG Wealth Partners LLC increased its stake in JPMorgan Chase & Co. by 0.7% in the 4th quarter. LMG Wealth Partners LLC now owns 13,045 shares of the financial services provider's stock worth $3,127,000 after acquiring an additional 91 shares during the last quarter. Finally, Ieq Capital LLC raised its holdings in shares of JPMorgan Chase & Co. by 7.7% during the 4th quarter. Ieq Capital LLC now owns 301,997 shares of the financial services provider's stock worth $72,392,000 after acquiring an additional 21,662 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Trading Down 1.7 %

Shares of JPM traded down $4.40 during trading hours on Monday, reaching $260.25. 9,050,420 shares of the company traded hands, compared to its average volume of 9,386,840. The stock's fifty day moving average price is $258.99 and its 200 day moving average price is $237.67. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The firm has a market cap of $727.69 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 2.83 and a beta of 1.12. JPMorgan Chase & Co. has a 12-month low of $179.20 and a 12-month high of $280.25.

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 (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 net margin of 20.96% and a return on equity of 16.99%. The firm's quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the company earned $3.04 EPS. Sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.92%. JPMorgan Chase & Co.'s payout ratio is currently 25.33%.

Analysts Set New Price Targets

JPM has been the subject of a number of recent research reports. Truist Financial raised their target price on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a "hold" rating in a report on Thursday, January 16th. Piper Sandler lifted their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 3rd. Barclays upped their target price on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. UBS Group lifted their price target on 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, 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 equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $251.78.

Insiders Place Their Bets

In other news, General Counsel Stacey Friedman sold 3,303 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the sale, the general counsel now owns 47,620 shares of the company's stock, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the transaction, the insider now directly owns 50,377 shares in the company, valued at approximately $13,606,323.93. The trade was a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,326 shares of company stock worth $12,448,445 in the last ninety days. 0.79% of the stock is owned by company insiders.

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.