JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by VCI Wealth Management LLC

VCI Wealth Management LLC boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 12.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,981 shares of the financial services provider's stock after purchasing an additional 1,176 shares during the quarter. JPMorgan Chase & Co. comprises 1.1% of VCI Wealth Management LLC's portfolio, making the stock its 22nd biggest holding. VCI Wealth Management LLC's holdings in JPMorgan Chase & Co. were worth $2,632,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JPM. International Assets Investment Management LLC bought a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at approximately $1,888,088,000. Fisher Asset Management LLC increased its stake in JPMorgan Chase & Co. by 31.7% in the 3rd quarter. Fisher Asset Management LLC now owns 16,784,272 shares of the financial services provider's stock worth $3,539,132,000 after acquiring an additional 4,043,841 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in JPMorgan Chase & Co. by 137.8% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,376,176 shares of the financial services provider's stock worth $922,760,000 after acquiring an additional 2,535,590 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in JPMorgan Chase & Co. by 93.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,692,159 shares of the financial services provider's stock worth $567,669,000 after acquiring an additional 1,301,764 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in JPMorgan Chase & Co. by 7.2% in the 3rd quarter. Franklin Resources Inc. now owns 15,073,193 shares of the financial services provider's stock worth $3,338,955,000 after acquiring an additional 1,016,289 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on JPM shares. UBS Group lifted their price objective 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. Oppenheimer downgraded JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a research note on Wednesday, November 20th. Citigroup lifted their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a "neutral" rating in a report on Tuesday, November 19th. Piper Sandler lifted their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an "overweight" rating in a report on Tuesday, December 3rd. Finally, Royal Bank of Canada lifted their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $251.78.

JPMorgan Chase & Co. Stock Up 0.5 %

Shares of JPM stock traded up $1.34 during mid-day trading on Tuesday, hitting $268.15. The stock had a trading volume of 5,619,778 shares, compared to its average volume of 10,176,410. JPMorgan Chase & Co. has a 12-month low of $172.62 and a 12-month high of $270.82. The firm has a market capitalization of $754.93 billion, a P/E ratio of 13.58, a price-to-earnings-growth ratio of 2.87 and a beta of 1.12. The firm's 50-day moving average is $248.25 and its two-hundred day moving average is $228.90. 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. (NYSE:JPM - Get Free Report) last issued its earnings results 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 business had revenue of $42.77 billion during the quarter, compared to analysts' expectations of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.04 EPS. On average, analysts predict that JPMorgan Chase & Co. will post 17.82 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.'s payout ratio is 25.33%.

Insider Transactions at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of the business's stock in a transaction 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 completion of the transaction, the general counsel now directly owns 47,620 shares of the company's stock, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.79% of the company's stock.

About JPMorgan Chase & Co.

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.