Check Capital Management Inc. CA Takes $226,000 Position in JPMorgan Chase & Co. (NYSE:JPM)

Check Capital Management Inc. CA purchased a new position in JPMorgan Chase & Co. (NYSE:JPM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 941 shares of the financial services provider’s stock, valued at approximately $226,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Beacon Capital Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 2.5% in the 4th quarter. Beacon Capital Management LLC now owns 2,998 shares of the financial services provider’s stock worth $719,000 after buying an additional 74 shares during the period. Next Level Wealth Planning LLC purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth about $240,000. TigerOak Management L.L.C. bought a new position in JPMorgan Chase & Co. during the 4th quarter worth about $5,078,000. Tanglewood Legacy Advisors LLC grew its holdings in JPMorgan Chase & Co. by 507.0% during the 4th quarter. Tanglewood Legacy Advisors LLC now owns 1,657 shares of the financial services provider’s stock worth $397,000 after acquiring an additional 1,384 shares in the last quarter. Finally, Highland Financial Advisors LLC increased its position in JPMorgan Chase & Co. by 4.1% during the 4th quarter. Highland Financial Advisors LLC now owns 7,274 shares of the financial services provider’s stock valued at $1,744,000 after purchasing an additional 287 shares during the period. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $261.02 on Tuesday. 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. has a 12-month low of $179.20 and a 12-month high of $280.25. The business’s 50 day moving average is $256.54 and its two-hundred day moving average is $235.85. The company has a market capitalization of $729.83 billion, a P/E ratio of 13.22, a P/E/G 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. The firm had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business’s revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.04 EPS. Analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced 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 1.92%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.33%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Citigroup lifted their price objective on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Barclays boosted their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Bank of America raised their price objective on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Truist Financial boosted their target price 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. Finally, Robert W. Baird cut shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target on the stock. in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $251.78.

Insider Transactions at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the sale, the insider now directly owns 50,377 shares in the company, valued at approximately $13,606,323.93. The trade was a 2.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Jennifer Piepszak sold 4,273 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total value of $1,153,069.05. Following the transaction, the chief operating officer now directly owns 54,469 shares of the company’s stock, valued at $14,698,459.65. The trade was a 7.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,326 shares of company stock valued at $12,448,445 over the last 90 days. Corporate insiders own 0.79% of the company’s stock.

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.