Orca Wealth Management LLC Invests $3.44 Million in JPMorgan Chase & Co. (NYSE:JPM)

Orca Wealth Management LLC purchased a new position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 14,349 shares of the financial services provider's stock, valued at approximately $3,440,000. JPMorgan Chase & Co. makes up 3.1% of Orca Wealth Management LLC's portfolio, making the stock its 8th biggest holding.

Several other hedge funds have also bought and sold shares of JPM. Kennedy Investment Group raised its position in JPMorgan Chase & Co. by 1.0% in the 4th quarter. Kennedy Investment Group now owns 5,053 shares of the financial services provider's stock worth $1,211,000 after buying an additional 48 shares during the last quarter. Genesee Capital Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 18.5% in the fourth quarter. Genesee Capital Advisors LLC now owns 1,642 shares of the financial services provider's stock worth $394,000 after acquiring an additional 256 shares during the period. DHK Financial Advisors Inc. lifted its position in JPMorgan Chase & Co. by 80.1% during the fourth quarter. DHK Financial Advisors Inc. now owns 5,227 shares of the financial services provider's stock valued at $1,253,000 after purchasing an additional 2,325 shares during the period. Bensler LLC lifted its position in JPMorgan Chase & Co. by 3.8% during the fourth quarter. Bensler LLC now owns 2,107 shares of the financial services provider's stock valued at $505,000 after purchasing an additional 78 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in JPMorgan Chase & Co. by 1.4% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 30,510 shares of the financial services provider's stock worth $7,313,000 after purchasing an additional 431 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the sale, the general counsel now owns 47,620 shares of the company's stock, valued at $12,092,622.80. The trade was a 6.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.79% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Oppenheimer cut JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a report on Wednesday, November 20th. Daiwa Capital Markets lowered their target price on JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating on the stock in a report on Thursday, October 10th. Truist Financial raised their target price 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. Keefe, Bruyette & Woods upped their price target on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a research report on Thursday, January 16th. Finally, Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price objective on the stock. in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $251.78.

JPMorgan Chase & Co. Price Performance

NYSE JPM traded up $1.34 during trading hours on Tuesday, reaching $268.15. The company's stock had a trading volume of 5,619,778 shares, compared to its average volume of 10,176,410. JPMorgan Chase & Co. has a 1 year low of $172.62 and a 1 year high of $270.82. 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 company has a market capitalization of $754.93 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 2.87 and a beta of 1.12. The firm's 50-day moving average price is $248.25 and its 200-day moving average price is $228.90.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results 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 firm had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. JPMorgan Chase & Co.'s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.04 earnings per share. On average, equities research analysts predict that JPMorgan Chase & Co. will post 17.82 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

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

JPMorgan Chase & Co. 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.