Mraz Amerine & Associates Inc. Acquires New Shares in JPMorgan Chase & Co. (NYSE:JPM)

Mraz Amerine & Associates Inc. acquired a new position in JPMorgan Chase & Co. (NYSE:JPM) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,041 shares of the financial services provider’s stock, valued at approximately $250,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JPM. Mizuho Securities Co. Ltd. purchased a new stake in shares of JPMorgan Chase & Co. during the third quarter worth $25,000. Catalyst Capital Advisors LLC acquired a new position in JPMorgan Chase & Co. during the 3rd quarter worth $27,000. New England Capital Financial Advisors LLC increased its holdings in JPMorgan Chase & Co. by 38.5% during the 3rd quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 50 shares during the period. Peterson Financial Group Inc. acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $45,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $45,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.1 %

JPMorgan Chase & Co. stock opened at $259.09 on Friday. The stock has a 50-day moving average price of $258.01 and a 200 day moving average price of $236.53. 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 $724.43 billion, a PE ratio of 13.12, a P/E/G 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 issued its quarterly earnings results 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 during the quarter, compared to analyst estimates of $41.90 billion. During the same quarter in the prior year, the business posted $3.04 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 10.9% compared to the same quarter last year. Equities research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were given a dividend of $1.25 per share. The ex-dividend date was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 1.93%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.33%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price on the stock. in a research note on Thursday, November 7th. Bank of America increased their price objective on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. UBS Group lifted their price objective on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Truist Financial increased their target price on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a report on Thursday, January 16th. Finally, Wells Fargo & Company lifted their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $251.78.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, 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 completion of the sale, the chief operating officer now owns 54,469 shares of the company’s stock, valued at $14,698,459.65. This trade represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the sale, the general counsel now directly owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 46,326 shares of company stock worth $12,448,445. 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.