JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by RWQ Financial Management Services Inc.

RWQ Financial Management Services Inc. grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 18.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 101,369 shares of the financial services provider's stock after purchasing an additional 15,952 shares during the period. JPMorgan Chase & Co. makes up about 9.5% of RWQ Financial Management Services Inc.'s holdings, making the stock its 2nd biggest position. RWQ Financial Management Services Inc.'s holdings in JPMorgan Chase & Co. were worth $24,299,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Principal Financial Group Inc. increased its stake in JPMorgan Chase & Co. by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider's stock valued at $1,228,110,000 after purchasing an additional 182,648 shares in the last quarter. United Bank grew its holdings in JPMorgan Chase & Co. by 2.5% in the third quarter. United Bank now owns 25,354 shares of the financial services provider's stock valued at $5,346,000 after purchasing an additional 614 shares during the last quarter. Alpha DNA Investment Management LLC increased its position in shares of JPMorgan Chase & Co. by 66.3% in the third quarter. Alpha DNA Investment Management LLC now owns 21,147 shares of the financial services provider's stock valued at $4,459,000 after buying an additional 8,434 shares in the last quarter. Wealth Dimensions Group Ltd. raised its stake in shares of JPMorgan Chase & Co. by 3.4% during the 3rd quarter. Wealth Dimensions Group Ltd. now owns 5,397 shares of the financial services provider's stock worth $1,138,000 after buying an additional 176 shares during the last quarter. Finally, Centaurus Financial Inc. raised its stake in shares of JPMorgan Chase & Co. by 7.6% during the 3rd quarter. Centaurus Financial Inc. now owns 41,912 shares of the financial services provider's stock worth $8,838,000 after buying an additional 2,944 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Bank of America raised their target price on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. Piper Sandler lifted their price objective on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 3rd. Truist Financial upped their target price on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a "hold" rating in a research note on Thursday, January 16th. Robert W. Baird raised JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and raised their price target for the stock from $215.00 to $220.00 in a research report on Friday, March 7th. Finally, Keefe, Bruyette & Woods upped their price objective 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 analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $252.89.

JPMorgan Chase & Co. Stock Down 0.8 %

JPM stock traded down $1.88 during midday trading on Monday, hitting $240.97. 2,192,209 shares of the company's stock were exchanged, compared to its average volume of 9,316,132. The firm has a 50 day moving average price of $257.55 and a 200-day moving average price of $240.77. JPMorgan Chase & Co. has a 12-month low of $179.20 and a 12-month high of $280.25. The stock has a market capitalization of $673.79 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth 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 released its quarterly 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 business had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business's quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $3.04 earnings per share. On average, analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be given a $1.40 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $5.60 annualized dividend and a dividend yield of 2.32%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s payout ratio is presently 28.37%.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Robin Leopold sold 1,250 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $246.92, for a total transaction of $308,650.00. Following the completion of the sale, the insider now owns 49,127 shares in the company, valued at $12,130,438.84. The trade was a 2.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,848 shares of company stock valued at $19,987,908. Insiders own 0.79% of the company's stock.

JPMorgan Chase & Co. Company Profile

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.