JPMorgan Chase & Co. (NYSE:JPM) Stake Increased by Monument Capital Management

Monument Capital Management increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,168 shares of the financial services provider’s stock after buying an additional 108 shares during the period. Monument Capital Management’s holdings in JPMorgan Chase & Co. were worth $3,396,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in JPM. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in JPMorgan Chase & Co. by 0.8% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 41,073 shares of the financial services provider’s stock worth $9,846,000 after purchasing an additional 339 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in JPMorgan Chase & Co. by 3.9% in the fourth quarter. J.W. Cole Advisors Inc. now owns 57,740 shares of the financial services provider’s stock worth $13,841,000 after purchasing an additional 2,180 shares during the period. Opes Wealth Management LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter worth $253,000. Csenge Advisory Group boosted its holdings in shares of JPMorgan Chase & Co. by 8.1% during the fourth quarter. Csenge Advisory Group now owns 34,713 shares of the financial services provider’s stock valued at $8,321,000 after acquiring an additional 2,604 shares during the period. Finally, Copperleaf Capital LLC boosted its holdings in shares of JPMorgan Chase & Co. by 13.7% during the fourth quarter. Copperleaf Capital LLC now owns 1,858 shares of the financial services provider’s stock valued at $445,000 after acquiring an additional 224 shares during the period. Institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on JPM. Bank of America boosted their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Oppenheimer downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Truist Financial boosted their price target on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a report on Thursday, January 16th. Piper Sandler boosted their price target on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Finally, Robert W. Baird downgraded 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 report on Thursday, November 7th. 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $251.78.

Insiders Place Their Bets

In other news, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction dated 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 owns 47,620 shares in the company, valued at $12,092,622.80. This 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 company’s stock in a transaction dated Thursday, February 20th. The shares were 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 $42,737,529.04. This represents a 19.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,326 shares of company stock worth $12,448,445. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $257.36 on Wednesday. The company’s 50-day moving average price is $256.92 and its two-hundred day moving average price is $236.21. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The stock has a market cap of $719.61 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 2.83 and a beta of 1.12. JPMorgan Chase & Co. has a 52 week low of $179.20 and a 52 week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.78. The firm had revenue of $42.77 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.04 EPS. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS 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 issued a dividend of $1.25 per share. The ex-dividend date was Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.94%. JPMorgan Chase & Co.’s 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.