Turtle Creek Wealth Advisors LLC Acquires 566 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Turtle Creek Wealth Advisors LLC raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,020 shares of the financial services provider’s stock after purchasing an additional 566 shares during the period. JPMorgan Chase & Co. accounts for approximately 2.3% of Turtle Creek Wealth Advisors LLC’s investment portfolio, making the stock its 13th largest holding. Turtle Creek Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $9,833,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of JPM. AMF Tjanstepension AB boosted its holdings in shares of JPMorgan Chase & Co. by 17.2% in the 3rd quarter. AMF Tjanstepension AB now owns 473,785 shares of the financial services provider’s stock valued at $99,972,000 after acquiring an additional 69,451 shares during the last quarter. Alpha Financial Partners LLC grew its stake in shares of JPMorgan Chase & Co. by 11.5% during the 3rd quarter. Alpha Financial Partners LLC now owns 3,329 shares of the financial services provider’s stock worth $702,000 after purchasing an additional 343 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in shares of JPMorgan Chase & Co. by 8.9% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,581 shares of the financial services provider’s stock valued at $966,000 after purchasing an additional 375 shares in the last quarter. Daymark Wealth Partners LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.6% during the 3rd quarter. Daymark Wealth Partners LLC now owns 352,000 shares of the financial services provider’s stock valued at $74,223,000 after purchasing an additional 1,997 shares in the last quarter. Finally, Brightwater Advisory LLC lifted its stake in shares of JPMorgan Chase & Co. by 3.2% in the 3rd quarter. Brightwater Advisory LLC now owns 2,476 shares of the financial services provider’s stock valued at $522,000 after purchasing an additional 77 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on JPM. Citigroup upped their price objective on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Robert W. Baird cut shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective for the company. in a research note on Thursday, November 7th. Wolfe Research raised shares of 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. Truist Financial increased their price target 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, Evercore ISI boosted their price objective on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $251.78.

Insider Buying and Selling

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 value of $838,763.82. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through the SEC website. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Stock Up 2.4 %

Shares of NYSE:JPM opened at $276.82 on Friday. The firm has a market capitalization of $779.34 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 2.87 and a beta of 1.12. JPMorgan Chase & Co. has a 1 year low of $172.62 and a 1 year high of $276.98. 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 firm’s 50-day moving average is $249.03 and its two-hundred day moving average is $229.59.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share 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 for the quarter, compared to the consensus estimate of $41.90 billion. During the same period in the prior year, the firm earned $3.04 EPS. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. Analysts predict that JPMorgan Chase & Co. will post 17.82 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were issued a $1.25 dividend. 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 1.81%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.33%.

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.