Adell Harriman & Carpenter Inc. Purchases 445 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Adell Harriman & Carpenter Inc. increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 117,092 shares of the financial services provider’s stock after buying an additional 445 shares during the quarter. JPMorgan Chase & Co. accounts for about 2.0% of Adell Harriman & Carpenter Inc.’s portfolio, making the stock its 15th biggest holding. Adell Harriman & Carpenter Inc.’s holdings in JPMorgan Chase & Co. were worth $28,068,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of JPM. Mizuho Securities Co. Ltd. acquired a new stake in JPMorgan Chase & Co. during the 3rd quarter worth approximately $25,000. Catalyst Capital Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at $27,000. New England Capital Financial Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 38.5% in the 3rd quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 50 shares during the last quarter. Peterson Financial Group Inc. bought a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at $45,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at $45,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Citigroup boosted their price objective on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Bank of America boosted their price objective on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Robert W. Baird lowered JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target on the stock. in a research report on Thursday, November 7th. Piper Sandler upped their price target on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Finally, Oppenheimer lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $251.78.

Insider Buying and Selling

In related news, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the transaction, the insider now directly owns 50,377 shares of the company’s stock, valued at approximately $13,606,323.93. This represents a 2.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the transaction, the chief executive officer now directly owns 158,381 shares in the company, valued at approximately $42,737,529.04. This trade represents a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,326 shares of company stock valued at $12,448,445. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Down 1.0 %

Shares of JPMorgan Chase & Co. stock opened at $264.14 on Monday. JPMorgan Chase & Co. has a one year low of $179.20 and a one year high of $280.25. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The stock’s 50-day moving average is $256.12 and its 200 day moving average is $235.45. The firm has a market cap of $738.56 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 2.83 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last announced its 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 return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. During the same quarter in the prior year, the company earned $3.04 EPS. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. Equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors 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 yield of 1.89%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.33%.

About JPMorgan Chase & Co.

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.