Hudson Edge Investment Partners Inc. Grows Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Hudson Edge Investment Partners Inc. increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,416 shares of the financial services provider’s stock after acquiring an additional 595 shares during the period. JPMorgan Chase & Co. comprises about 1.9% of Hudson Edge Investment Partners Inc.’s investment portfolio, making the stock its 5th biggest holding. Hudson Edge Investment Partners Inc.’s holdings in JPMorgan Chase & Co. were worth $10,407,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. AMF Tjanstepension AB increased its position in JPMorgan Chase & Co. by 17.2% in the third quarter. AMF Tjanstepension AB now owns 473,785 shares of the financial services provider’s stock worth $99,972,000 after buying an additional 69,451 shares in the last quarter. Oak Harvest Investment Services lifted its position in shares of JPMorgan Chase & Co. by 9.7% during the 3rd quarter. Oak Harvest Investment Services now owns 99,921 shares of the financial services provider’s stock valued at $21,069,000 after buying an additional 8,805 shares in the last quarter. Cornerstone Wealth Group LLC grew its stake in shares of JPMorgan Chase & Co. by 1.3% during the 3rd quarter. Cornerstone Wealth Group LLC now owns 60,444 shares of the financial services provider’s stock valued at $12,745,000 after acquiring an additional 798 shares during the period. Voisard Asset Management Group Inc. increased its holdings in JPMorgan Chase & Co. by 3.5% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 5,068 shares of the financial services provider’s stock worth $1,069,000 after acquiring an additional 173 shares in the last quarter. Finally, Goldstone Financial Group LLC bought a new stake in JPMorgan Chase & Co. during the 3rd quarter worth approximately $3,931,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on JPM shares. UBS Group increased their price target on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Bank of America increased their target price on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Piper Sandler boosted their price target on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods increased their price objective on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a report on Thursday, January 16th. Finally, 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 research report on Tuesday, November 19th. Two 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $251.78.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,273 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $14,698,459.65. This trade represents a 7.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. 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 transaction, the chief executive officer now owns 158,381 shares of the company’s stock, valued at $42,737,529.04. The trade was a 19.14 % 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. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $260.25 on Tuesday. The company’s 50 day moving average is $258.99 and its 200 day moving average is $237.67. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The firm has a market cap of $727.69 billion, a price-to-earnings ratio of 13.18, a PEG 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 data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 20.96% and a return on equity of 16.99%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.04 EPS. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 1.92%. JPMorgan Chase & Co.’s dividend payout ratio is currently 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.