Brown Lisle Cummings Inc. Buys 629 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Brown Lisle Cummings Inc. raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,043 shares of the financial services provider’s stock after purchasing an additional 629 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.5% of Brown Lisle Cummings Inc.’s portfolio, making the stock its 11th largest position. Brown Lisle Cummings Inc.’s holdings in JPMorgan Chase & Co. were worth $5,044,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in JPM. AMF Tjanstepension AB increased its position in shares of JPMorgan Chase & Co. by 17.2% during the third quarter. AMF Tjanstepension AB now owns 473,785 shares of the financial services provider’s stock valued at $99,972,000 after buying an additional 69,451 shares during the period. Alpha Financial Partners LLC increased its position in shares of JPMorgan Chase & Co. by 11.5% in the third quarter. Alpha Financial Partners LLC now owns 3,329 shares of the financial services provider’s stock worth $702,000 after purchasing an additional 343 shares during the last quarter. Sapient Capital LLC grew its position in JPMorgan Chase & Co. by 1.7% during the third quarter. Sapient Capital LLC now owns 467,473 shares of the financial services provider’s stock valued at $98,571,000 after acquiring an additional 7,718 shares during the last quarter. Oxler Private Wealth LLC grew its position in JPMorgan Chase & Co. by 2.7% during the third quarter. Oxler Private Wealth LLC now owns 5,382 shares of the financial services provider’s stock valued at $1,135,000 after acquiring an additional 144 shares during the last quarter. Finally, Affinity Wealth Management LLC grew its position in JPMorgan Chase & Co. by 1.0% during the third quarter. Affinity Wealth Management LLC now owns 17,974 shares of the financial services provider’s stock valued at $3,790,000 after acquiring an additional 170 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of the 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 transaction, the general counsel now owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

JPM has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Bank of America boosted their target price on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Truist Financial boosted their target price on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a report on Thursday, January 16th. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target for the company in a research report on Friday, January 3rd. Finally, Baird R W lowered JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $251.78.

JPMorgan Chase & Co. Price Performance

JPM opened at $275.15 on Wednesday. JPMorgan Chase & Co. has a 12-month low of $172.62 and a 12-month high of $278.55. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The business’s fifty day simple moving average is $250.58 and its 200-day simple moving average is $231.11. The company has a market capitalization of $774.63 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 2.94 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. During the same quarter in the prior year, the company earned $3.04 EPS. The business’s revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.05 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders 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 dividend yield of 1.82%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 25.33%.

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.