Tumwater Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,327 shares of the financial services provider's stock, valued at approximately $318,000. JPMorgan Chase & Co. makes up approximately 0.2% of Tumwater Wealth Management LLC's investment portfolio, making the stock its 23rd largest holding.
A number of other institutional investors also recently modified their holdings of JPM. Principal Financial Group Inc. increased its position in shares of JPMorgan Chase & Co. by 3.2% in the third 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 acquiring an additional 182,648 shares during the last quarter. United Bank raised its stake in shares of JPMorgan Chase & Co. by 2.5% during the 3rd quarter. United Bank now owns 25,354 shares of the financial services provider's stock worth $5,346,000 after purchasing an additional 614 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its position in JPMorgan Chase & Co. by 20.5% during the third quarter. Fifth Third Wealth Advisors LLC now owns 90,288 shares of the financial services provider's stock worth $19,038,000 after acquiring an additional 15,334 shares in the last quarter. Equita Financial Network Inc. acquired a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth about $226,000. Finally, Princeton Capital Management LLC increased its stake in shares of JPMorgan Chase & Co. by 0.9% during the 3rd quarter. Princeton Capital Management LLC now owns 10,710 shares of the financial services provider's stock worth $2,258,000 after purchasing an additional 94 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts recently commented on JPM shares. Robert W. Baird upgraded JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $215.00 to $220.00 in a report on Friday, March 7th. Barclays raised their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Piper Sandler upped their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an "overweight" rating in a report on Tuesday, December 3rd. Truist Financial raised their target price on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a "hold" rating in a research note on Thursday, January 16th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a report on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of "Moderate Buy" and a consensus price target of $252.89.
Get Our Latest Research Report on JPMorgan Chase & Co.
JPMorgan Chase & Co. Price Performance
JPM stock traded down $2.68 during midday trading on Thursday, reaching $248.35. The company had a trading volume of 8,014,093 shares, compared to its average volume of 8,884,992. The stock has a 50 day moving average price of $257.99 and a 200-day moving average price of $240.06. The company has a market capitalization of $694.41 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. 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 1-year low of $179.20 and a 1-year high of $280.25.
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 (EPS) for the quarter, beating analysts' consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $42.77 billion for the quarter, compared to analysts' expectations of $41.90 billion. During the same period last year, the firm posted $3.04 earnings per share. The firm's quarterly revenue was up 10.9% compared to the same quarter last year. Equities research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.
JPMorgan Chase & Co. Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be issued a dividend of $1.40 per share. 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 2.25%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s payout ratio is 28.37%.
Insider Buying and Selling
In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the transaction, the insider now owns 50,377 shares in the company, valued at $13,606,323.93. The trade was a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the transaction, the general counsel now directly 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. Insiders sold a total of 76,848 shares of company stock worth $19,987,908 in the last ninety days. 0.79% of the stock is owned by insiders.
About JPMorgan Chase & Co.
(
Free Report)
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.
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