Kellett Wealth Advisors LLC Increases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Kellett Wealth Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,484 shares of the financial services provider’s stock after buying an additional 60 shares during the quarter. Kellett Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fjell Capital LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter worth $1,383,000. Sitrin Capital Management LLC grew its stake in JPMorgan Chase & Co. by 1.0% during the 4th quarter. Sitrin Capital Management LLC now owns 36,967 shares of the financial services provider’s stock worth $8,861,000 after buying an additional 355 shares during the last quarter. DMKC Advisory Services LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter worth $2,598,000. Advisor OS LLC grew its stake in JPMorgan Chase & Co. by 4.3% during the 4th quarter. Advisor OS LLC now owns 19,249 shares of the financial services provider’s stock valued at $4,614,000 after purchasing an additional 800 shares during the last quarter. Finally, Ascension Capital Advisors Inc. grew its stake in JPMorgan Chase & Co. by 11.5% during the 4th quarter. Ascension Capital Advisors Inc. now owns 1,520 shares of the financial services provider’s stock valued at $364,000 after purchasing an additional 157 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $242.41 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The business has a 50 day simple moving average of $259.41 and a 200-day simple moving average of $238.26. The firm has a market capitalization of $677.81 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a 1 year low of $179.20 and a 1 year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) 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 business’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.04 earnings per share. Equities research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were given a $1.25 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 2.06%. JPMorgan Chase & Co.’s payout ratio is 25.33%.

Insider Buying and Selling

In other news, COO Jennifer Piepszak sold 4,273 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief operating officer now directly owns 54,469 shares in the company, valued at $14,698,459.65. This trade represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the sale, the chief executive officer now owns 158,381 shares in the company, valued at approximately $42,737,529.04. This trade represents a 19.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,326 shares of company stock worth $12,448,445. Company insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price on the stock in a research note on Friday, January 3rd. Piper Sandler upped their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Bank of America upped their target price on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Barclays upped their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Robert W. Baird upgraded JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $215.00 to $220.00 in a research note on Friday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. has an average rating of “Hold” and an average price target of $252.89.

About JPMorgan Chase & Co.

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.