Squire Investment Management Company LLC Boosts Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Squire Investment Management Company LLC lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 6.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,218 shares of the financial services provider’s stock after buying an additional 129 shares during the quarter. Squire Investment Management Company LLC’s holdings in JPMorgan Chase & Co. were worth $532,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rooted Wealth Advisors Inc. increased its holdings in JPMorgan Chase & Co. by 10.0% during the 4th quarter. Rooted Wealth Advisors Inc. now owns 2,375 shares of the financial services provider’s stock worth $577,000 after purchasing an additional 216 shares during the period. Palacios Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $583,000. Compagnie Lombard Odier SCmA increased its holdings in JPMorgan Chase & Co. by 5.2% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 984,035 shares of the financial services provider’s stock worth $235,883,000 after purchasing an additional 48,704 shares during the period. Arcus Capital Partners LLC increased its holdings in JPMorgan Chase & Co. by 31.7% during the 4th quarter. Arcus Capital Partners LLC now owns 1,571 shares of the financial services provider’s stock worth $377,000 after purchasing an additional 378 shares during the period. Finally, Root Financial Partners LLC increased its holdings in JPMorgan Chase & Co. by 99.4% during the 4th quarter. Root Financial Partners LLC now owns 2,977 shares of the financial services provider’s stock worth $714,000 after purchasing an additional 1,484 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Piper Sandler increased their price objective on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Baird R W lowered JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. UBS Group raised their target price 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. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price on the stock in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods raised their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research report on Thursday, January 16th. Two equities 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 stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $251.78.

Insider Buying and Selling

In other news, General Counsel Stacey Friedman sold 3,303 shares of the business’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 completion of the transaction, the general counsel now directly owns 47,620 shares of the company’s stock, valued at $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the business’s 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 directly owns 158,381 shares of the company’s stock, 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. Over the last ninety days, insiders sold 46,326 shares of company stock valued at $12,448,445. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Trading Down 1.0 %

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

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share 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 the consensus estimate of $41.90 billion. During the same period last year, the business posted $3.04 EPS. The company’s revenue was up 10.9% on a year-over-year basis. Equities analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.89%. JPMorgan Chase & Co.’s dividend payout ratio is presently 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.