Sandy Spring Bank Acquires 3,505 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Sandy Spring Bank raised its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 168,261 shares of the financial services provider's stock after buying an additional 3,505 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.6% of Sandy Spring Bank's portfolio, making the stock its 12th biggest position. Sandy Spring Bank's holdings in JPMorgan Chase & Co. were worth $40,334,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. DDD Partners LLC grew its position in JPMorgan Chase & Co. by 2.8% in the fourth quarter. DDD Partners LLC now owns 1,416 shares of the financial services provider's stock worth $339,000 after acquiring an additional 38 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.5% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 2,594 shares of the financial services provider's stock valued at $622,000 after purchasing an additional 38 shares during the last quarter. Rappaport Reiches Capital Management LLC boosted its holdings in JPMorgan Chase & Co. by 3.8% in the fourth quarter. Rappaport Reiches Capital Management LLC now owns 1,068 shares of the financial services provider's stock worth $256,000 after purchasing an additional 39 shares in the last quarter. Yoder Wealth Management Inc. boosted its holdings in JPMorgan Chase & Co. by 2.8% in the fourth quarter. Yoder Wealth Management Inc. now owns 1,436 shares of the financial services provider's stock worth $344,000 after purchasing an additional 39 shares in the last quarter. Finally, Almanack Investment Partners LLC. increased its position in JPMorgan Chase & Co. by 0.8% during the fourth quarter. Almanack Investment Partners LLC. now owns 5,143 shares of the financial services provider's stock worth $1,233,000 after buying an additional 39 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

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JPMorgan Chase & Co. Stock Performance

JPM stock traded down $5.16 during trading on Friday, reaching $242.97. 11,975,314 shares of the stock were exchanged, compared to its average volume of 9,343,658. JPMorgan Chase & Co. has a twelve month low of $179.20 and a twelve month high of $280.25. 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 company has a market capitalization of $679.36 billion, a P/E ratio of 12.31, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. The stock has a 50 day simple moving average of $257.55 and a 200-day simple moving average of $240.77.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.78. The company had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. JPMorgan Chase & Co.'s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm earned $3.04 EPS. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed 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. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Friday, April 4th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.30%. JPMorgan Chase & Co.'s dividend payout ratio is currently 28.37%.

Insider Activity

In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the completion of the transaction, the chief executive officer now directly owns 158,381 shares of the company's stock, valued at approximately $42,737,529.04. This represents a 19.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Stacey Friedman sold 3,303 shares of the firm'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 value of $838,763.82. Following the transaction, the general counsel now owns 47,620 shares of the company's stock, valued at $12,092,622.80. This trade represents a 6.49 % 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 worth $19,987,908. 0.79% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

JPM has been the subject of a number of analyst reports. Truist Financial boosted 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. UBS Group boosted their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Baird R W upgraded JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. Robert W. Baird upgraded shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and boosted their price objective for the stock from $215.00 to $220.00 in a research note on Friday, March 7th. Finally, Piper Sandler upped their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an "overweight" rating in a report on Tuesday, December 3rd. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $252.89.

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.