Edge Capital Group LLC Buys 1,213 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Edge Capital Group LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,854 shares of the financial services provider’s stock after acquiring an additional 1,213 shares during the period. JPMorgan Chase & Co. comprises approximately 1.4% of Edge Capital Group LLC’s investment portfolio, making the stock its 20th largest holding. Edge Capital Group LLC’s holdings in JPMorgan Chase & Co. were worth $26,093,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Holistic Financial Partners lifted its stake in JPMorgan Chase & Co. by 0.9% during the 4th quarter. Holistic Financial Partners now owns 15,573 shares of the financial services provider’s stock valued at $3,733,000 after acquiring an additional 134 shares in the last quarter. Crestwood Advisors Group LLC increased its position in shares of JPMorgan Chase & Co. by 1.8% during the 4th quarter. Crestwood Advisors Group LLC now owns 247,066 shares of the financial services provider’s stock valued at $59,224,000 after purchasing an additional 4,442 shares during the last quarter. RPG Investment Advisory LLC increased its position in shares of JPMorgan Chase & Co. by 0.3% during the 4th quarter. RPG Investment Advisory LLC now owns 43,960 shares of the financial services provider’s stock valued at $10,538,000 after purchasing an additional 139 shares during the last quarter. Asset Advisors Investment Management LLC increased its position in shares of JPMorgan Chase & Co. by 2.1% during the 4th quarter. Asset Advisors Investment Management LLC now owns 7,615 shares of the financial services provider’s stock valued at $1,825,000 after purchasing an additional 158 shares during the last quarter. Finally, Mainstay Capital Management LLC ADV increased its position in shares of JPMorgan Chase & Co. by 3.8% during the 4th quarter. Mainstay Capital Management LLC ADV now owns 11,448 shares of the financial services provider’s stock valued at $2,744,000 after purchasing an additional 415 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research report on Thursday, January 16th. Citigroup raised their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Wells Fargo & Company raised their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. UBS Group lifted their price objective on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Finally, Piper Sandler lifted their price objective on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Two equities research 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $251.78.

JPMorgan Chase & Co. Stock Up 0.5 %

JPM stock opened at $251.55 on Thursday. 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 capitalization of $703.35 billion, a PE ratio of 12.74, a PEG ratio of 2.83 and a beta of 1.12. JPMorgan Chase & Co. has a twelve month low of $179.20 and a twelve month high of $280.25. The stock has a 50-day simple moving average of $259.33 and a two-hundred day simple moving average of $238.02.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. The business had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. 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, equities analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced 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. This represents a $5.00 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is presently 25.33%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the sale, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. This trade represents a 6.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the sale, the insider now owns 50,377 shares of the company’s stock, valued at approximately $13,606,323.93. This trade represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,326 shares of company stock valued at $12,448,445 in the last quarter. 0.79% of the stock is currently owned by corporate insiders.

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.