Vest Financial LLC Has $36.08 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Vest Financial LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,523 shares of the financial services provider’s stock after acquiring an additional 10,834 shares during the period. Vest Financial LLC’s holdings in JPMorgan Chase & Co. were worth $36,082,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JPM. Clientfirst Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $361,000. Austin Asset Management Co Inc acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $209,000. Joel Isaacson & Co. LLC raised its position in shares of JPMorgan Chase & Co. by 4.1% during the fourth quarter. Joel Isaacson & Co. LLC now owns 49,504 shares of the financial services provider’s stock valued at $11,867,000 after buying an additional 1,945 shares during the last quarter. Clarity Wealth Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 1.8% during the fourth quarter. Clarity Wealth Advisors LLC now owns 33,211 shares of the financial services provider’s stock valued at $7,961,000 after buying an additional 578 shares during the last quarter. Finally, Northstar Group Inc. raised its position in shares of JPMorgan Chase & Co. by 71.7% during the fourth quarter. Northstar Group Inc. now owns 5,368 shares of the financial services provider’s stock valued at $1,287,000 after buying an additional 2,242 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Activity

In other news, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were 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 of the company’s stock, valued at $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $276.61 on Monday. 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 stock has a market capitalization of $778.74 billion, a price-to-earnings ratio of 14.01, a P/E/G ratio of 2.94 and a beta of 1.12. JPMorgan Chase & Co. has a 1-year low of $176.15 and a 1-year high of $279.23. The firm’s 50-day moving average price is $253.02 and its two-hundred day moving average price is $232.75.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS 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 business had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same period in the prior year, the firm earned $3.04 earnings per share. JPMorgan Chase & Co.’s revenue was up 10.9% compared to the same quarter last year. On average, equities analysts predict 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 declared 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. The ex-dividend date was Monday, January 6th. This represents a $5.00 annualized dividend and a dividend yield of 1.81%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.33%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on JPM shares. Oppenheimer lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. UBS Group upped their price objective on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Truist Financial upped their target price on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Barclays upped their target price on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, Baird R W cut shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and an average price target 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.