JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Perigon Wealth Management LLC

Perigon Wealth Management LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 126,863 shares of the financial services provider's stock after purchasing an additional 7,238 shares during the period. JPMorgan Chase & Co. makes up 0.8% of Perigon Wealth Management LLC's holdings, making the stock its 21st largest position. Perigon Wealth Management LLC's holdings in JPMorgan Chase & Co. were worth $32,257,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. AMF Tjanstepension AB boosted its stake in shares of JPMorgan Chase & Co. by 17.2% in the third quarter. AMF Tjanstepension AB now owns 473,785 shares of the financial services provider's stock worth $99,972,000 after buying an additional 69,451 shares during the last quarter. Czech National Bank boosted its stake in shares of JPMorgan Chase & Co. by 5.9% in the third quarter. Czech National Bank now owns 579,485 shares of the financial services provider's stock worth $122,190,000 after buying an additional 32,261 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of JPMorgan Chase & Co. by 13.9% in the third quarter. GAMMA Investing LLC now owns 81,725 shares of the financial services provider's stock worth $17,233,000 after buying an additional 9,990 shares during the last quarter. WealthBridge Capital Management LLC boosted its position in JPMorgan Chase & Co. by 6.1% during the third quarter. WealthBridge Capital Management LLC now owns 11,007 shares of the financial services provider's stock worth $2,321,000 after purchasing an additional 632 shares in the last quarter. Finally, Alpha Financial Partners LLC boosted its position in JPMorgan Chase & Co. by 11.5% during the third quarter. Alpha Financial Partners LLC now owns 3,329 shares of the financial services provider's stock worth $702,000 after purchasing an additional 343 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction 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 completion of the sale, the general counsel now directly owns 47,620 shares of the company's stock, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.79% of the company's stock.

JPMorgan Chase & Co. Trading Up 0.5 %

NYSE:JPM traded up $1.34 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 12-month low of $172.62 and a 12-month 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 firm has a market cap of $754.93 billion, a price-to-earnings ratio of 13.58, a price-to-earnings-growth ratio of 2.87 and a beta of 1.12. The stock has a 50 day moving average price of $248.25 and a 200 day moving average price of $228.90.

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

JPMorgan Chase & Co. Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Oppenheimer downgraded JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a research report on Wednesday, November 20th. Evercore ISI increased their price target on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. Truist Financial increased their price target 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. Barclays increased their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Finally, Baird R W cut JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of "Hold" and a consensus price target 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.