JPMorgan Chase & Co. (NYSE:JPM) is Wilmington Savings Fund Society FSB’s 10th Largest Position

Wilmington Savings Fund Society FSB raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 365,770 shares of the financial services provider’s stock after buying an additional 2,618 shares during the quarter. JPMorgan Chase & Co. comprises 1.6% of Wilmington Savings Fund Society FSB’s portfolio, making the stock its 10th biggest holding. Wilmington Savings Fund Society FSB’s holdings in JPMorgan Chase & Co. were worth $87,679,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mizuho Securities Co. Ltd. purchased a new position in shares of JPMorgan Chase & Co. in the 3rd quarter worth approximately $25,000. Catalyst Capital Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth approximately $27,000. New England Capital Financial Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 38.5% during the 3rd quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 50 shares during the last quarter. Carolina Wealth Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 36.0% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 189 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 50 shares during the last quarter. Finally, Peterson Financial Group Inc. bought a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth approximately $45,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the transaction, the general counsel now directly owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. This trade represents a 6.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.79% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

JPM has been the subject of a number of research analyst reports. Barclays lifted their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. 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. Wells Fargo & Company boosted their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. UBS Group boosted their price target on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Finally, Oppenheimer downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $251.78.

JPMorgan Chase & Co. Stock Up 0.1 %

JPMorgan Chase & Co. stock opened at $276.61 on Monday. JPMorgan Chase & Co. has a fifty-two week low of $176.15 and a fifty-two week high of $279.23. 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 company has a market cap of $778.74 billion, a PE ratio of 14.01, a PEG ratio of 2.94 and a beta of 1.12. The business’s 50-day simple moving average is $253.02 and its two-hundred day simple moving average is $232.75.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (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 business had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. During the same period in the prior year, the company posted $3.04 EPS. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Equities analysts anticipate that JPMorgan Chase & Co. will post 18.05 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced 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 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 currently 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.