Tanglewood Legacy Advisors LLC Has $397,000 Position in JPMorgan Chase & Co. (NYSE:JPM)

Tanglewood Legacy Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 507.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,657 shares of the financial services provider’s stock after buying an additional 1,384 shares during the period. Tanglewood Legacy Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $397,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Highland Financial Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 4.1% during the fourth quarter. Highland Financial Advisors LLC now owns 7,274 shares of the financial services provider’s stock worth $1,744,000 after buying an additional 287 shares during the period. Congress Asset Management Co. boosted its position in JPMorgan Chase & Co. by 15.9% during the fourth quarter. Congress Asset Management Co. now owns 114,865 shares of the financial services provider’s stock valued at $27,534,000 after acquiring an additional 15,764 shares during the last quarter. Roxbury Financial LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $2,026,000. Lord & Richards Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth about $685,000. Finally, Hickory Asset Management Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $515,000. 71.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on JPM. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a research report on Friday, January 3rd. Citigroup increased their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Barclays boosted their price objective on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Piper Sandler increased their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Finally, Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target for the company. in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $251.78.

JPMorgan Chase & Co. Stock Down 1.2 %

Shares of JPM opened at $261.02 on Tuesday. The stock has a 50 day moving average price of $256.54 and a 200 day moving average price of $235.85. 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 stock has a market capitalization of $729.83 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 2.83 and a beta of 1.12. JPMorgan Chase & Co. has a one year low of $179.20 and a one year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. During the same period in the prior year, the business posted $3.04 EPS. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. Equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share 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. Shareholders of record on Monday, January 6th were paid a $1.25 dividend. The ex-dividend date was Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.92%. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.33%.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,273 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the sale, the chief operating officer now directly owns 54,469 shares in the company, valued at approximately $14,698,459.65. The trade was a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the sale, the chief executive officer now owns 158,381 shares in the company, valued at $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. Insiders have sold 46,326 shares of company stock worth $12,448,445 in the last quarter. 0.79% of the stock is owned by insiders.

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.