Sierra Ocean LLC Buys New Shares in JPMorgan Chase & Co. (NYSE:JPM)

Sierra Ocean LLC bought a new stake in JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,873 shares of the financial services provider’s stock, valued at approximately $449,000. JPMorgan Chase & Co. accounts for 0.4% of Sierra Ocean LLC’s investment portfolio, making the stock its 28th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. WBH Advisory Inc. lifted its holdings in JPMorgan Chase & Co. by 12.7% during the 4th quarter. WBH Advisory Inc. now owns 13,409 shares of the financial services provider’s stock worth $3,214,000 after buying an additional 1,508 shares during the last quarter. DDD Partners LLC lifted its holdings in JPMorgan Chase & Co. by 2.8% during the 4th quarter. DDD Partners LLC now owns 1,416 shares of the financial services provider’s stock worth $339,000 after buying an additional 38 shares during the last quarter. Keystone Financial Services lifted its holdings in JPMorgan Chase & Co. by 1.4% during the 4th quarter. Keystone Financial Services now owns 8,512 shares of the financial services provider’s stock worth $2,040,000 after buying an additional 121 shares during the last quarter. Monument Capital Management lifted its holdings in JPMorgan Chase & Co. by 0.8% during the 4th quarter. Monument Capital Management now owns 14,168 shares of the financial services provider’s stock worth $3,396,000 after buying an additional 108 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its holdings in JPMorgan Chase & Co. by 0.8% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 41,073 shares of the financial services provider’s stock worth $9,846,000 after buying an additional 339 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $258.70 on Thursday. The stock has a market capitalization of $723.36 billion, a PE ratio of 13.11, 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. The stock’s 50-day moving average price is $257.49 and its 200 day moving average price is $236.37. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results 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. The firm had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.04 EPS. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm 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 annualized dividend and a yield of 1.93%. The ex-dividend date was Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 25.33%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the transaction, the insider now 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 document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction that occurred 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 owns 47,620 shares in the company, valued at $12,092,622.80. The trade was a 6.49 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,326 shares of company stock worth $12,448,445. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on JPM. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target for the company in a report on Friday, January 3rd. Citigroup boosted their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Piper Sandler boosted their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Finally, Bank of America boosted their target price on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Two 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. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $251.78.

JPMorgan Chase & Co. 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.