JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Sonora Investment Management Group LLC

Sonora Investment Management Group LLC boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 113,646 shares of the financial services provider’s stock after buying an additional 1,480 shares during the period. JPMorgan Chase & Co. accounts for approximately 2.1% of Sonora Investment Management Group LLC’s holdings, making the stock its 9th largest holding. Sonora Investment Management Group LLC’s holdings in JPMorgan Chase & Co. were worth $27,242,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of JPM. Mine & Arao Wealth Creation & Management LLC. boosted its position in JPMorgan Chase & Co. by 0.7% during the 4th quarter. Mine & Arao Wealth Creation & Management LLC. now owns 24,045 shares of the financial services provider’s stock worth $5,764,000 after purchasing an additional 166 shares during the period. Boomfish Wealth Group LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $220,000. Fortune Financial Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 1.2% during the fourth quarter. Fortune Financial Advisors LLC now owns 10,886 shares of the financial services provider’s stock worth $2,609,000 after purchasing an additional 133 shares in the last quarter. Strategic Wealth Investment Group LLC lifted its position in shares of JPMorgan Chase & Co. by 1.9% during the fourth quarter. Strategic Wealth Investment Group LLC now owns 103,534 shares of the financial services provider’s stock worth $24,818,000 after purchasing an additional 1,886 shares in the last quarter. Finally, Marest Capital LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.8% in the fourth quarter. Marest Capital LLC now owns 16,899 shares of the financial services provider’s stock valued at $4,051,000 after purchasing an additional 132 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Up 2.4 %

JPMorgan Chase & Co. stock opened at $276.82 on Friday. The company’s fifty day moving average price is $249.03 and its two-hundred day moving average price is $229.59. 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 one year low of $172.62 and a one year high of $276.98. The company has a market capitalization of $779.34 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 2.87 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. During the same quarter last year, the firm posted $3.04 EPS. The business’s quarterly revenue was up 10.9% on a year-over-year basis. On average, analysts forecast that JPMorgan Chase & Co. will post 17.82 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.33%.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of analyst reports. Oppenheimer cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. 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 report on Thursday, January 16th. Bank of America raised their target price on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Finally, Evercore ISI raised their target price on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $251.78.

Insider Activity at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of the business’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 transaction of $838,763.82. Following the sale, the general counsel now directly owns 47,620 shares in the company, valued at approximately $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 accessible through the SEC website. Corporate 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. 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.