RWA Wealth Partners LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 437,097 shares of the financial services provider's stock after purchasing an additional 3,501 shares during the period. JPMorgan Chase & Co. makes up about 1.3% of RWA Wealth Partners LLC's portfolio, making the stock its 13th biggest position. RWA Wealth Partners LLC's holdings in JPMorgan Chase & Co. were worth $104,777,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Sellwood Investment Partners LLC purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $34,000. Midwest Capital Advisors LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $43,000. Legacy Investment Solutions LLC acquired a new position in JPMorgan Chase & Co. in the 3rd quarter worth approximately $45,000. Collier Financial purchased a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $45,000. Finally, Lowe Wealth Advisors LLC lifted its stake in JPMorgan Chase & Co. by 34.0% during the 4th quarter. Lowe Wealth Advisors LLC now owns 201 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 51 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.
JPMorgan Chase & Co. Price Performance
JPM traded down $17.23 during midday trading on Thursday, hitting $228.60. 17,164,458 shares of the company traded hands, compared to its average volume of 9,398,057. The business has a 50 day simple moving average of $256.54 and a two-hundred day simple moving average of $241.36. JPMorgan Chase & Co. has a 52-week low of $179.20 and a 52-week high of $280.25. The company has a market capitalization of $639.18 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 2.83 and a beta of 1.10. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $41.90 billion. During the same period in the previous year, the firm posted $3.04 EPS. JPMorgan Chase & Co.'s revenue was up 10.9% compared to the same quarter last year. On average, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be paid a $1.40 dividend. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change 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 2.45%. JPMorgan Chase & Co.'s payout ratio is currently 28.37%.
Wall Street Analysts Forecast Growth
JPM has been the topic of a number of research reports. Robert W. Baird upgraded shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and increased their price objective for the stock from $215.00 to $220.00 in a research note on Friday, March 7th. 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. Bank of America decreased their price objective on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a report on Wednesday. UBS Group upped their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Finally, Keefe, Bruyette & Woods lifted their price target on 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. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of "Moderate Buy" and a consensus price target of $255.06.
Check Out Our Latest Research Report on JPMorgan Chase & Co.
Insider Buying and Selling
In other news, General Counsel Stacey Friedman sold 3,303 shares of the business's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the transaction, the general counsel now directly owns 47,620 shares in the company, valued at $12,092,622.80. The trade was a 6.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jennifer Piepszak sold 4,273 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total value of $1,153,069.05. Following the completion of the sale, the chief operating officer now owns 54,469 shares of the company's stock, valued at $14,698,459.65. This trade represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,848 shares of company stock worth $19,987,908. 0.79% of the stock is owned by corporate insiders.
JPMorgan Chase & Co. Company Profile
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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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