Tectonic Advisors LLC Raises Stake in JPMorgan Chase & Co. (NYSE:JPM)

Tectonic Advisors LLC raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,197 shares of the financial services provider’s stock after acquiring an additional 218 shares during the quarter. Tectonic Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,246,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. AMF Tjanstepension AB raised its holdings in 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 worth $99,972,000 after purchasing an additional 69,451 shares in the last quarter. Alpha Financial Partners LLC raised its holdings in JPMorgan Chase & Co. by 11.5% during 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 in the last quarter. Wedge Capital Management L L P NC raised its holdings in JPMorgan Chase & Co. by 1.4% during the third quarter. Wedge Capital Management L L P NC now owns 4,384 shares of the financial services provider’s stock worth $924,000 after purchasing an additional 61 shares in the last quarter. Creative Planning raised its holdings in JPMorgan Chase & Co. by 3.1% during the third quarter. Creative Planning now owns 1,139,115 shares of the financial services provider’s stock worth $240,194,000 after purchasing an additional 34,746 shares in the last quarter. Finally, CCG Wealth Management LLC raised its holdings in JPMorgan Chase & Co. by 10.9% during the third quarter. CCG Wealth Management LLC now owns 1,395 shares of the financial services provider’s stock worth $294,000 after purchasing an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Activity

In other news, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were 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 owns 47,620 shares of the company’s stock, valued at $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 is available through this link. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.3 %

Shares of JPM stock opened at $276.30 on Friday. The firm has a 50-day moving average price of $251.82 and a 200 day moving average price of $231.86. JPMorgan Chase & Co. has a twelve month low of $174.42 and a twelve month high of $278.55. The company has a market capitalization of $777.89 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 2.94 and a beta of 1.12. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $41.90 billion. During the same quarter in the previous year, the company posted $3.04 EPS. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. Research analysts forecast that JPMorgan Chase & Co. will post 18.05 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

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

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of research analyst reports. Baird R W cut shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods lifted their target price on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a report on Thursday, January 16th. Bank of America lifted 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. Oppenheimer cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Finally, Truist Financial lifted 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average target price of $251.78.

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.