Strategies Wealth Advisors LLC Takes $980,000 Position in JPMorgan Chase & Co. (NYSE:JPM)

Strategies Wealth Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,087 shares of the financial services provider's stock, valued at approximately $980,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Disciplined Investments LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $217,000. LGT Group Foundation lifted its holdings in shares of JPMorgan Chase & Co. by 2.8% during the 4th quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider's stock worth $126,040,000 after acquiring an additional 14,300 shares during the period. Kinsale Capital Group Inc. boosted its position in shares of JPMorgan Chase & Co. by 11.1% in the fourth quarter. Kinsale Capital Group Inc. now owns 43,732 shares of the financial services provider's stock worth $10,483,000 after acquiring an additional 4,375 shares during the last quarter. Jag Capital Management LLC grew its holdings in JPMorgan Chase & Co. by 10.5% in the fourth quarter. Jag Capital Management LLC now owns 1,474 shares of the financial services provider's stock valued at $353,000 after purchasing an additional 140 shares during the period. Finally, JPMorgan Chase & Co. increased its position in JPMorgan Chase & Co. by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock worth $938,491,000 after purchasing an additional 319,730 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

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Insider Buying and Selling

In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction 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 owns 158,381 shares of the company's stock, valued at approximately $42,737,529.04. This represents a 19.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $246.92, for a total transaction of $308,650.00. Following the sale, the insider now owns 49,127 shares in the company, valued at approximately $12,130,438.84. This represents a 2.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 76,848 shares of company stock valued at $19,987,908 in the last three months. 0.79% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on JPM shares. Barclays lifted their price target on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Bank of America lowered their price target on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. StockNews.com lowered JPMorgan Chase & Co. from a "hold" rating to a "sell" rating in a research note on Monday. KGI Securities began coverage on JPMorgan Chase & Co. in a research note on Sunday. They issued a "hold" rating on the stock. Finally, Truist Financial dropped their target price on shares of JPMorgan Chase & Co. from $264.00 to $251.00 and set a "hold" rating for the company in a research report on Monday. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of "Hold" and a consensus price target of $254.11.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM traded down $1.68 during midday trading on Tuesday, reaching $233.04. 10,902,541 shares of the company traded hands, compared to its average volume of 9,642,482. The firm has a market capitalization of $648.54 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. The company has a fifty day moving average price of $248.17 and a 200 day moving average price of $242.43. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. JPMorgan Chase & Co. has a twelve month low of $179.20 and a twelve month high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.63 by $0.44. The company had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business posted $4.44 earnings per share. On average, analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal 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 given a dividend of $1.40 per share. The ex-dividend date is Friday, April 4th. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a dividend yield of 2.40%. JPMorgan Chase & Co.'s payout ratio is currently 27.49%.

About JPMorgan Chase & Co.

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.