Paladin Wealth LLC Raises Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Paladin Wealth LLC raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,716 shares of the financial services provider’s stock after buying an additional 205 shares during the quarter. Paladin Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $1,130,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pineridge Advisors LLC lifted its stake in JPMorgan Chase & Co. by 157.3% in the fourth quarter. Pineridge Advisors LLC now owns 898 shares of the financial services provider’s stock valued at $215,000 after buying an additional 549 shares during the last quarter. International Private Wealth Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $371,000. Panoramic Capital Partners LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $635,000. Arlington Trust Co LLC increased its holdings in shares of JPMorgan Chase & Co. by 2.7% in the fourth quarter. Arlington Trust Co LLC now owns 13,890 shares of the financial services provider’s stock valued at $3,330,000 after purchasing an additional 368 shares during the period. Finally, Equitable Trust Co. increased its holdings in shares of JPMorgan Chase & Co. by 2.3% in the fourth quarter. Equitable Trust Co. now owns 59,893 shares of the financial services provider’s stock valued at $14,357,000 after purchasing an additional 1,325 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.2 %

JPM opened at $279.30 on Thursday. The business’s fifty day moving average is $255.13 and its two-hundred day moving average is $234.26. 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 $786.31 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 2.93 and a beta of 1.12. JPMorgan Chase & Co. has a one year low of $178.40 and a one year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The company had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. JPMorgan Chase & Co.’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.04 earnings per share. Analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS 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 given a $1.25 dividend. The ex-dividend date was Monday, January 6th. This represents a $5.00 annualized dividend and a dividend yield of 1.79%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.33%.

Insider Activity

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 value of $838,763.82. Following the sale, the general counsel now directly owns 47,620 shares in the company, valued at $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on JPM shares. Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Keefe, Bruyette & Woods boosted their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a report on Thursday, January 16th. Truist Financial boosted their target price on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a report on Thursday, January 16th. Bank of America boosted their target price on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, Robert W. Baird lowered JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price on the stock. in a report 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 given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.