JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Kanawha Capital Management LLC

Kanawha Capital Management LLC grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 137,360 shares of the financial services provider’s stock after buying an additional 50 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 2.6% of Kanawha Capital Management LLC’s holdings, making the stock its 7th biggest holding. Kanawha Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $32,927,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Campbell Wealth Management grew its holdings in shares of JPMorgan Chase & Co. by 16.5% in the 4th quarter. Campbell Wealth Management now owns 2,201 shares of the financial services provider’s stock worth $528,000 after purchasing an additional 312 shares during the last quarter. Asset Planning Inc bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $611,000. Vicus Capital grew its holdings in JPMorgan Chase & Co. by 11.0% during the 4th quarter. Vicus Capital now owns 10,538 shares of the financial services provider’s stock worth $2,526,000 after acquiring an additional 1,046 shares during the last quarter. Banque Pictet & Cie SA grew its holdings in JPMorgan Chase & Co. by 80.0% during the 4th quarter. Banque Pictet & Cie SA now owns 68,798 shares of the financial services provider’s stock worth $16,492,000 after acquiring an additional 30,580 shares during the last quarter. Finally, CFC Planning Co LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $429,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $264.14 on Monday. JPMorgan Chase & Co. has a 12-month low of $179.20 and a 12-month high of $280.25. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The business’s 50-day moving average price is $256.12 and its two-hundred day moving average price is $235.45. The stock has a market cap of $738.56 billion, a PE ratio of 13.38, a P/E/G ratio of 2.83 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (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 during the quarter, compared to the consensus estimate of $41.90 billion. During the same quarter in the prior year, the firm posted $3.04 earnings per share. The firm’s revenue was up 10.9% compared to the same quarter last year. As a group, analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were given 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 was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.33%.

Insiders Place Their Bets

In related news, General Counsel Stacey Friedman sold 3,303 shares of the 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 transaction, the general counsel now directly owns 47,620 shares in the company, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now owns 158,381 shares in the company, valued at approximately $42,737,529.04. This 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 worth $12,448,445. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on JPM shares. Oppenheimer lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Truist Financial increased their price objective on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective on the stock. in a report on Thursday, November 7th. Citigroup increased their price objective on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Finally, Bank of America increased their price objective on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $251.78.

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.