Mine & Arao Wealth Creation & Management LLC. Acquires 166 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Mine & Arao Wealth Creation & Management LLC. grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,045 shares of the financial services provider’s stock after acquiring an additional 166 shares during the quarter. JPMorgan Chase & Co. makes up approximately 2.6% of Mine & Arao Wealth Creation & Management LLC.’s holdings, making the stock its 8th largest position. Mine & Arao Wealth Creation & Management LLC.’s holdings in JPMorgan Chase & Co. were worth $5,764,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Boomfish Wealth Group LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter worth approximately $220,000. Fortune Financial Advisors LLC lifted its stake in 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 valued at $2,609,000 after purchasing an additional 133 shares during the last quarter. Strategic Wealth Investment Group LLC boosted its holdings in 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 buying an additional 1,886 shares in the last quarter. Marest Capital LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.8% in the 4th quarter. Marest Capital LLC now owns 16,899 shares of the financial services provider’s stock worth $4,051,000 after acquiring an additional 132 shares during the last quarter. Finally, Cyr Financial Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $623,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Buying and Selling

In other news, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction 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 completion of the sale, the general counsel now directly owns 47,620 shares in the company, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $276.82 on Friday. The stock has a 50 day simple moving average of $249.03 and a 200 day simple moving average of $229.59. JPMorgan Chase & Co. has a 52-week low of $172.62 and a 52-week high of $276.98. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The firm has a market capitalization of $779.34 billion, a PE ratio of 14.02, a P/E/G ratio of 2.87 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly 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. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. During the same period last year, the business earned $3.04 EPS. The business’s quarterly revenue was up 10.9% on a year-over-year basis. Sell-side analysts predict that JPMorgan Chase & Co. will post 17.82 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

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

Analyst Ratings Changes

A number of analysts have commented on the stock. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research note on Friday, January 3rd. Piper Sandler raised their price target 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. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $251.78.

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.